News

Guyana eyes exporting gas from Uaru Project 

With the Uaru Development Project expected to produce 540 million standard cubic feet of gas per day, Guyanese authorities want ExxonMobil Guyana to conduct a study on the possibilities for export. According to the provisions of the Petroleum Production Licence...

Guyana government moving to close energy gap between coast and hinterland

Guyana is set to commence the rollout of the first phase of a project aimed at providing solar photovoltaic (PV) systems for 30,000 homes in hinterland communities starting in July. The announcement was made by Chief Executive Officer of...

Guyana can tap multi-million-dollar LNG opportunities with Gas-to-Energy project – MP

Guyanese Member of Parliament (MP), Jermaine Figueira believes the imminent Gas-to-Energy Project will be a game-changer for the South American producer as it is intended to provide a reliable and affordable source of energy for domestic consumption while facilitating...

Exxon to conduct suite of studies to optimise Stabroek Block projects

ExxonMobil Guyana has agreed to conduct a suite of studies to ensure the operational efficiencies and integrity of its Stabroek Block projects are preserved for decades to come.According to the Petroleum Production Licence for the Uaru Development Project, Exxon’s...

Permian Basin delivers record-breaking performance in 2023 Q1

American oil giant, ExxonMobil Corporation reported on April 28 that its Permian Basin assets delivered a record-breaking quarterly performance, reaching over 600,000 oil equivalent barrels. Specifically, Kathy Mikells, Exxon’s Senior Vice President & Chief Financial Officer said, “We reached a...

Five sanctioned Stabroek Block developments offer strong fiscal cushion for GtE Project

Guyana’s Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels have allowed the country to earn a whopping US$2.2 billion in royalties and profit oil in a three-year period spanning from March 11, 2020 to March...

TotalEnergies to FID Angola oil development this year 

TotalEnergies EP Angola, in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and Sonangol Pesquisa e Produção S.A, has signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on...

Guyanese will be able to cash in on Exxon’s US$12.7 billion Uaru Project

Guyanese authorities have required ExxonMobil Guyana to provide a list of the local content opportunities that will be available at its newly approved Uaru Project. This is outlined in the Petroleum Production Licence for the project. The document states that...

Exxon reviewing Guyana court ruling, says insurance exceeds industry benchmarks

ExxonMobil Guyana said it is reviewing a recent High Court ruling regarding the necessity of a financial guarantee for its operations in Guyana, and considering potential next steps. It expressed disappointment that the court did not recognise its financial...

No word on continuity of gas deal between TT/Venezuela 

The assurance of Trinidad’s Energy Minister, Stuart Young may have been given prematurely when he claimed that the controversy surrounding Venezuela’s PDVSA would not affect the Dragon gas deal.  It seems there has been no word from Venezuelan counterparts on...

Latest News

Halliburton Latin America revenue up 22% to US$1.1 billion in Q1 2026

Halliburton reported stronger performance in Latin America in the first quarter of 2026, with revenue rising 22% year over...