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Chevron CEO says ExxonMobil discussions over prolific oil field offshore Guyana “ended abruptly”

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(Bloomberg) – Chevron Corp.’s discussions with Exxon Mobil Corp. and China’s Cnooc Ltd. over a prolific oil field off the shores of Guyana ended “abruptly” a few weeks ago, Chief Executive Officer Mike Wirth said. Chevron held constructive talks with...
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Blue Water Shipping opens applications for 2024 Trainee Program, opportunities exist for four Guyanese

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Blue Water Shipping has announced the opening of applications for its highly anticipated 2024 Trainee Program, offering invaluable opportunities for aspiring logistics professionals in Guyana. With a focus on developing talent within the country, the program aims to equip...
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Venezuela launches offshore seismic data initiative with UK firm Geoex MCG

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Venezuela has initiated a process to bolster its offshore exploration efforts by partnering with Geoex MCG, a UK-based subsurface data specialist, to conduct extensive seismic data acquisition across the country’s gas-rich offshore waters. Geoex MCG Ltd announced the signing of...
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Woods says Exxon not trying to buy Hess in dispute over Guyana assets

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Speaking publicly for the first time on ExxonMobil’s pursuit of an arbitration case that could block Chevron's purchase of Hess, CEO Darren Woods said Exxon’s objective is to establish it has rights over Hess’ Guyana assets, not to buy...
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Saipem field development ship conducting installation for Exxon’s next big oil project

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The Saipem FDS2 vessel is engaged in installation activities offshore Guyana, in support of ExxonMobil’s massive Yellowtail development project, according to an update from Guyana’s Maritime Administration Department.  The vessel is expected to operate through 2024 in anticipation of production...
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Guyana opposition official believes Exxon discovered as much as 30 billion barrels 

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In the wake of ExxonMobil's recent revelation of yet another oil discovery in the Stabroek Block, an Alliance for Change (AFC) party official has expressed the belief that the company has discovered way more oil and gas than is...
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CNOOC said it found 100 million tons of oil equivalent in major Bohai Sea oil field

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CNOOC Limited announced a major oil field discovery at the Qinhuangdao 27-3 in Bohai Sea, adding over a hundred million tons of oil equivalent proved in-place volume, in a March 18 update. Qinhuangdao 27-3 is located in the north-central waters...
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Nine big companies vying for farm-in to Orinduik Block – Gil Holzman

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Chief Executive Officer (CEO) at Eco (Atlantic) Oil & Gas, Gil Holzman said there are nine companies vying to farm into the Orinduik Block.  “We are planning to finalise this process hopefully in the next couple of months. Depends on...
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Local Content Summit returns in April to ‘Create Value, Drive Expansion’

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Following the success of the inaugural Local Content Summit in 2023, the 2024 Summit is set to take place on April 16, 2024, at the prestigious Pegasus Suites and Corporate Centre. With the theme “Creating Value. Driving Economic Expansion,”...
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Ultra-deepwater rig shortage escalates, rates soar – Wood Mackenzie

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Wood Mackenzie, a leading energy research and consultancy firm, has reported a shortage of ultra-deepwater (UDW) rigs and its significant impact on the industry.  According to the report, the supply chain strain has led to an extreme scarcity of UDW...
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Letter-to-the-Editor: I commend the Labour Ministry’s independent assessment of FPSOs

Dear Editor, I am pleased to acknowledge the strides made by local authorities in taking the lead in managing Guyana’s...

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