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Arbitration outcome disappointing but changes nothing with respect to Guyana operations – Exxon

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ExxonMobil Chief Executive Officer Darren Woods has expressed disappointment with the recent arbitration ruling on Chevron’s acquisition of Hess Corporation but emphasized that the decision does not alter its operations in Guyana. “While disappointed, we respect the process and the...
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ExxonMobil eyes more merger and acquisition opportunities across all sectors

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ExxonMobil is actively pursuing more mergers and acquisitions (M&A) across its business segments, with a sharp focus on value creation rather than volume. “We’re continuing to keep a really close eye on the waterfront, see where the opportunities are, do...
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Platts to launch assessment of Guyana’s Golden Arrowhead crude on Aug. 4

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Platts, the pricing benchmark unit of S&P Global Commodity Insights, will start publishing a daily assessment of Guyana’s Golden Arrowhead crude today, providing an independent valuation of the country’s newest oil grade ahead of its expected production start this...
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Stabroek Block is oil industry’s biggest find in 15 years – Exxon CEO

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ExxonMobil’s Chief Executive Officer, Darren Woods, says the Stabroek Block offshore Guyana is the industry’s biggest oil discovery in the last 15 years and ranks among the most successful developments in deepwater history. “One of our most important advantaged assets...
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TotalEnergies sees upside for Suriname oil project as plateau could stretch to 240,000 b/d

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TotalEnergies’ upcoming project offshore Suriname may exceed its planned production plateau of 220,000 barrels of oil per day (b/d), with Chairman and CEO Patrick Pouyanné saying the development could potentially handle up to 240,000 b/d. The GranMorgu project, located in...
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Hunting Subsea delivers titanium joints for Exxon’s Uaru project

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Hunting Subsea Technologies has successfully delivered eight titanium stress joints for ExxonMobil’s massive Uaru oil development offshore Guyana, the company said in a recent statement. The components will be integrated into the Errea Wittu floating production, storage and offloading (FPSO)...
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Energy Guyana launches special edition magazine celebrating ’10 Years of Oil in Guyana’

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Georgetown, Guyana – Energy Guyana has released a landmark special edition publication titled "Energy Nation: 10 Years of Oil in Guyana", marking a decade since the transformative discovery of oil in the Stabroek Block (Click here to view). The...
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U.S. remains dominant investor in Guyana as oil sector drives Q1 inflows – Central Bank

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Guyana attracted US$2.1308 billion in foreign direct investment (FDI) during the first quarter of 2025, almost entirely in its oil and gas sector, according to new data from the Bank of Guyana. The report shows that oil and gas continues...
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CGX says Guyana government open to talks over cancelled Corentyne oil license

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CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in October as the Canadian company and its partner Frontera Energy seek to reverse the cancellation of the Corentyne Block license. The...
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President Geerlings-Simons and Staatsolie management examine current operations and energy transition for Suriname

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PARAMARIBO – SURINAME: President Jennifer Geerlings-Simons welcomed the Staatsolie management team at her office last week for a comprehensive update on the company’s current state of affairs. According to information from the President’s office, Staatsolie’s onshore and offshore drilling activities,...
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Major energy and infrastructure projects to define Guyana’s next few years

Over the next few years, President Irfaan Ali’s second term will see Guyana advancing key projects that place energy...

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