Following the closure of the Chevron-Hess merger, market intelligence firm Welligence is advising that Chevron, now holding a 30% stake in Guyana’s Stabroek Block, to act with caution amid the ongoing border controversy with Venezuela.
The Stabroek Block operated by...
The Errea Wittu floating production, storage, and offloading vessel (FPSO) is expected to be the largest unit in ExxonMobil’s offshore Guyana fleet. This was shared by Country President Alistair Routledge during a recent MODEC event.
MODEC is currently constructing the...
MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis announced at the recent launch of MODEC’s permanent Guyana office.
“Our voyage is far from over. We are preparing to launch...
ExxonMobil Guyana Limited (EMGL) will host a virtual meeting with local vendors on August 19 to discuss its contracting activity and procurement procedures, according to a notice issued by the company.
The feedback session, scheduled to run from 9:00 a.m....
Dear Editor,
I am pleased to acknowledge the strides made by local authorities in taking the lead in managing Guyana’s oil and gas sector. For some time now, the Ministry of Labour, through its Occupational Safety and Health Department, has...
John Hess will now be able to sit on Chevron’s Board of Directors after the U.S. Federal Trade Commission (FTC) lifted its ban, just one day before the merger deal with Hess finally closed.
The FTC had concerns about Hess’s...
Mere days after the Errea Wittu FPSO arrived in Singapore for the next stage of construction, builder MODEC marked the opening of its permanent office in Guyana.
Errea Wittu is meant for Guyana's 5th oil development Uaru.
Guyana issues Uaru production...
Chevron has won a high-stakes arbitration battle against ExxonMobil, clearing the way to finalize its US$53 billion acquisition of Hess Corporation and secure a 30% stake in Guyana’s Stabroek Block, a prized asset that has won global attention in...
PARAMARIBO, SURINAME - Nestled on South America’s northern coast, Suriname is now at the threshold of profound change. On Wednesday, amid a fragile six-party coalition, Jennifer Geerlings-Simons was inaugurated as the country’s first female president.
From her first address, President...
Staatsolie’s Managing Director, Annand Jagesar, says Suriname must act carefully to avoid the economic risks that come with oil wealth.
“You can only mitigate the resource curse. You cannot completely eradicate it,” Jagesar warned during a side interview at the...
