ExxonMobil says Guyana has become one of the world’s most incredible economic and geopolitical success stories “practically overnight.”
According to recent commentary by Hunter Farris, Senior Vice President for Deepwater at ExxonMobil Upstream Company, the timeline from discovery to first...
Guyana’s President Irfaan Ali has enacted a comprehensive oil spill law which sets out a national framework for oil spill prevention and response and holds companies liable for the full cost of restoration and damages.
The government published the Oil...
TotalEnergies Suriname has submitted draft environmental impact statements to Suriname’s National Institute for Environment and Development (NIMOS) for offshore oil exploration.
The company plans to conduct geophysical surveys in shallow water Blocks 6 and 8, located 90 km offshore in...
As Suriname prepares for the large-scale GranMorgu offshore project, Atlas Professionals has launched a focused initiative to train and certify local talent for offshore roles, the company announced this week.
The “Greenhands Offshore” program is designed to identify and equip...
ExxonMobil plans to invest up to US$30 billion in low-emission initiatives from 2025 to 2030. Nearly 65% of that spending targets emissions reductions for third-party customers.
The investments depend on supportive policies, regulations, and continued advances in technology and markets,...
ExxonMobil’s Senior Vice President Neil Chapman said Thursday that operations and investment plans in Guyana remain “100% aligned” among the Stabroek Block partners, despite an ongoing arbitration that could impact the ownership structure of the prolific offshore asset.
“Zero change,”...
PARAMARIBO, SURINAME - Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana...
Guyana is on track to become one of the top five liquid-producing countries in Latin America (LatAm) in 2025, according to Amanda Bandeira, a Research Analyst at Wood Mackenzie.
“Production keeps growing, and exploration drilling is intensifying again in the...
Venezuela’s Nicolas Maduro and Russian President Vladimir Putin have publicly reaffirmed support for their nations with a strategic partnership agreement.
As reported by Reuters, Russia and Venezuela agreed to deepen cooperation in energy, including joint initiatives within OPEC+, the Gas...
ExxonMobil Corp plans to triple its oil production capacity in Guyana over the next five years, as part of a global strategy to concentrate capital on low-cost, high-return assets, a senior company executive said on Thursday.
Speaking at the 41st...