News

‘Practically overnight’: Guyana’s oil boom becomes a global success story

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...

President signs Guyana’s Oil Spill Bill into law

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 files plans for offshore surveys in Suriname

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...

Atlas Professionals gears up Surinamese talent for GranMorgu offshore project

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 eyes US$30B in low-emission projects as Guyana sets example in cleaner oil production

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,...

Exxon executive affirms stability in Guyana outlook regardless of arbitration outcome

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,”...

How Suriname compares to Guyana: Lessons from a neighbor’s oil journey

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 will become one of top five LatAm oil producers this year with startup of Yellowtail FPSO – Wood Mackenzie

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...

What should Guyana make of Maduro’s renewed partnership with Russia?

  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...

Exxon targets tripling Guyana output capacity in five years

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...

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From chemistry to cargo: How Natina Singh became ExxonMobil Guyana’s first Operations and Logistics Superintendent

When Natina Singh began her academic journey in chemistry, she never imagined she would one day be managing logistics...