News

Oil and gas production from Guyana and the United States’ Permian Basin becomes increasingly important during disruptions to Middle East energy supplies, ExxonMobil Vice President of Exploration John Ardill told Reuters on May 5. Speaking on the sidelines of the...

MODEC reported a 78.2% increase in profit for the first quarter of 2026, supported by steady progress on floating production, storage and offloading vessel projects and continued demand for ultra-deepwater oil and gas developments. The company released its financial results...

U.S. Congresswoman María Elvira Salazar on Tuesday praised Guyana’s management of its oil revenues while criticizing Venezuela’s government amid ongoing tensions between the two South American nations over the Essequibo controversy. In a post on X, formerly Twitter, Salazar accused...

HOUSTON, TEXAS – The Society of Petroleum Engineers (SPE) International is looking to deepen its support for Guyana’s workforce development efforts as the country expands technical training for the oil and gas sector. Susan Howes, incoming President of SPE, raised...

TechnipFMC announced on Tuesday that it has completed what it says is the first fully remote well-to-well frac transition on a Delaware Basin pad for a major Permian operator, using a remote operations center to control the operation. A well-to-well...

The International Court of Justice (ICJ) is the United Nations’ top court for cases between states, and it now sits at the center of the long-running border case between Guyana and Venezuela over the Essequibo region. Based in The Hague,...

HOUSTON, TEXAS - President of the Georgetown Chamber of Commerce and Industry (GCCI), Kathy Smith, is cautioning against extending local content controls beyond Guyana’s oil and gas sector, saying broader private investment should remain open and competitive. Smith made the...

Petrobras reported a net profit of US$6.2 billion (R$32.7 billion) in the first quarter of 2026, up 110% from the previous quarter, supported by higher oil prices, stronger production, and increased fuel sales. “The strong financial results achieved are supported...

HOUSTON, TEXAS — ExxonMobil Guyana is evaluating discoveries in offshore waters approaching 3,000 meters deep as the company moves beyond the large oil projects that drove the first phase of development in the Stabroek Block. ExxonMobil Guyana Development Manager Kyle...

HOUSTON, TEXAS — A doctoral scholarship initiative funded through support from the ExxonMobil Foundation and the Greater Guyana Initiative (GGI) helped the University of Guyana strengthen its academic standing and secure international accreditation, outgoing Vice Chancellor Professor Paloma Mohamed...