News

Exxon expects dip in Q2 earnings due to lower natural gas prices, refining margins

ExxonMobil has indicated a dip in second-quarter earnings, according to a Securities and Exchange Commission (SEC) 8K form filing. ExxonMobil’s advantaged assets in Guyana, Permian Basin pushing it well ahead of competition | OilNOW It said several market factors are expected...

Guyana is now one of only two countries in the region with Capping Stack service

The region's oil-spill response center is what Guyana has the potential to become as ExxonMobil commissioned a massive capping stack, readily available in country, should an unlikely event occur in its offshore operations.  Housed at the Guyana Shore Base (GYSBI),...

Exxon named ‘most active high-impact explorer’ with Guyana delivering double jackpots in 2023

The ExxonMobil-operated Stabroek Block was the site of two out of 12 high-impact discoveries of oil and/or gas made around the world in 2023, according to UK-based energy consultancy Westwood Global Energy Group. Westwood said during its State of Exploration...

Guyana will go down as having some of the best deepwater projects in history

The prolific Stabroek Block in Guyana is set to redefine the landscape of deepwater oil projects, marking a significant milestone in global energy production. Vice President and Business Service Manager of ExxonMobil Guyana, Phillip Rietema, during an appearance on...

SLB and TotalEnergies in 10-year partnership for digital energy solutions

SLB and TotalEnergies have unveiled a 10-year partnership to co-develop scalable digital solutions aimed at enhancing energy resource access with improved performance and efficiency. This collaboration will address key challenges across the energy value chain, including carbon capture, utilization,...

“It’s not just about the revenues, it’s what we can do with the investment dollars” – Exxon VP on Guyana operations

Guyana's burgeoning role in the global oil industry is taking shape, with ExxonMobil's investments poised to transform the country's economic landscape, according to the company’s Vice President and Business Services Manager, Phillip Rietema. He made an appearance on the...

Guyana got US$246 million from oil sales in June

Guyana’s Natural Resource Fund (NRF) received US$246 million (GY$51.3 billion) in revenue from oil sales in June, government data shows. The funds were paid for three lifts of Guyana’s crude entitlement from the ExxonMobil-operated Stabroek Block.  The NRF received:  US$81.6 million (GY$17...

Driller with largest fleet in Guyana seeking vendors for trucking services

Noble Corporation is seeking detailed information from qualified vendors for trucking services in Guyana.  Noble Bob Douglas continues development drilling at Yellowtail site | OilNOW  The scope of services includes daily trucking tasks such as transporting offshore supply containers to and...

First batch of trainee technicians graduate from Guyana Technical Training College’s FacTor Unit

SBM Offshore Guyana’s trainee technicians have completed their training at the Facility Simulator (FacTor) Unit of the Guyana Technical Training College Incorporated (GTTCI). A small ceremony on July 5 at GTTCI in Port Mourant, Berbice, honored the trainees. The 24...

ExxonMobil seeks information on waste management services in Guyana

ExxonMobil Guyana Limited (EMGL) has issued a request for information (RFI) for Waste Management Services, focusing on waste oil, hazardous waste, and non-hazardous waste.  EMGL aims to evaluate the services and capabilities of potential suppliers to manage these waste types...

Latest News

Letter-to-the-Editor: I am saving GY$14,000 a month with low fuel prices

Dear Editor, “Guyana gasoline prices now lowest in the region” is a headline I read and couldn’t help but smile....