News

Recent Securities and Exchange Commission (SEC) 8-K filings by supermajor ExxonMobil shows a dip in its first quarter profits, which the company said it attributed to drop in oil and gas prices.  Operating results could drop to around US$9.6 billion,...

Halliburton announced Wednesday that Repsol implemented the Halliburton Landmark DecisionSpace® 365 Well Construction Suite as its preferred digital solution to automate and streamline its well design process. Halliburton said the deployment provides scalability, flexibility, integration, and third-party collaboration and...

QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania. Pursuant to the terms of the agreement, and subject to customary approvals by the government of Mauritania, QatarEnergy will...

After a third dud, ExxonMobil has abandoned current drilling efforts in Brazil’s deepwater acreage, according to a Wall Street Journal report.  WSJ’s sources indicate that Exxon has shifted geologists and engineers from Rio de Janeiro to its other prospects in...

ExxonMobil Guyana has issued a notice to suppliers that it will host a Request for Information (RFI) clarification forum for those who may be interested in participating in recent RFIs. The forum is scheduled for April 17 at the...

Vice President Dr. Bharrat Jagdeo said that Guyana is not going to lose a cent in the audit of ExxonMobil’s 1999-2017 Stabroek Block costs - the first such review to verify Exxon’s cost claims.  His comments were made during a...

ExxonMobil’s Low Carbon business could garner trillions in revenue that could potentially see it outgrowing oil, a decade from now, said its Chief Executive Officer (CEO) Darren Woods. Woods told Wall Street investors that the supermajor is targeting what should...

The International Court of Justice (ICJ) on Thursday struck down Venezuela's preliminary objection against the admissibility of Guyana's case before the Court. The ruling removes a roadblock Venezuela intended to set up to prevent a final settlement of the...

SBM Offshore Guyana said eight Guyanese engineers officially completed its Graduate Engineers’ Programme. A graduation ceremony was held for the engineers, who make up the first cohort to benefit from this training, on March 31.   The programme provided international...

Petroleum Geo-Services (PGS) said in a new report this week that similar trends to the prolific “Golden Lane” of discoveries, which include Liza in the Stabroek Block offshore Guyana, have been identified in the country's outboard licensing blocks D1,...