News

ExxonMobil says future investment in Venezuela will depend on whether projects can deliver competitive returns and low-cost production from the country’s heavy oil resources. The position was outlined during the company’s first quarter 2026 earnings call, when Chief Executive Officer...

The Guyana Local Content Summit is back in 2026 and will be held from June 2-3 at the Houston Event Centre, Four Points Sheraton. Discussions have been planned around policy developments, financing, workforce challenges and business opportunities linked to...

The Guyana government said on Thursday it had settled contractual disputes tied to the country’s flagship Gas-to-Energy project, while reaffirming that first power from the development remains targeted for the end of 2026. The disputes involved work being carried out...

The governments of Guyana and the Dominican Republic said on Thursday they are continuing discussions on a proposed oil refinery project in Guyana and potential Dominican investment in the offshore Berbice Block In a joint statement, the governments said the...

Trinidad and Tobago’s offshore geology shows similarities with deepwater reservoirs in Angola and Guyana, pointing to continued exploration potential in the region, ExxonMobil’s Vice President of Exploration John Ardill said on May 5.  According to Reuters, Ardill told the Offshore...

Starting May 10, ExxonMobil Guyana continued exploration drilling activities at the Goby-1 prospect in the Stabroek Block.  A notice from the Maritime Administration Department (MARAD) confirmed that the Stena Carron drillship will conclude drilling by July 31.  Stena Carron continues Goatfish-1...

Lindsayca, which is building an integrated gas processing facility for Guyana’s Gas-to-Energy (GtE) project, said it installed major processing equipment at the project’s Wales, West Bank Demerara site. In a May 13 LinkedIn post, the company stated that “lifting operations...

Guyana’s Gas-to-Energy project includes a gas sales agreement with the Stabroek Block co-venturers. At the same time, government officials have repeatedly said that the natural gas to be brought to shore is “free.” The distinction here lies in what the...

Brazilian oil company Petrobras recorded multiple production and refining milestones in the first quarter of 2026, driven by output from its pre-salt fields and high refinery utilization, according to a statement released on May 11. “In the first quarter of...

ExxonMobil says it has been unable to explore parts of Guyana’s Stabroek Block because of the ongoing border controversy with Venezuela, which has restricted access to acreage in the northern section of the offshore concession. Craig Kelly, Senior Director for...