Guyana earned US$34.8 million (GY$7.3 billion) in interest from its oil fund in the second quarter of 2025, more than enough to pay for the construction of a new hospital, based on the Bank of Guyana’s latest report on...
The Guyana-Suriname Basin stands out as a rare asset in today’s competitive energy landscape, offering what the industry refers to as “advantaged barrels”, according to Ricardo Bedregal, Executive Director for Upstream LATAM at S&P Global Commodity Insights.
Speaking on the...
Stena Drilling announced it has drilled 50 Managed Pressure Drilling (MPD) wells and logged just under 4,000 MPD well days.
In a recent post on LinkedIn, Stena said the figure represents over 10 rig years of MPD operations using Surface...
bp announced a major oil and gas discovery at the Bumerangue prospect in deepwater offshore Brazil, its tenth discovery of 2025 and the company’s largest in 25 years.
The company stated that the 1-BP-13-SPS exploration well was drilled in the...
Guyana recorded the lowest gasoline price in the Caribbean region in July, well below the global average, according to data shared by the Energy Chamber of Trinidad and Tobago last Thursday.
The Chamber’s analysis, which drew on figures from globalpetrolprices.com,...
ExxonMobil Chief Executive Officer Darren Woods has expressed disappointment with the recent arbitration ruling on Chevron’s acquisition of Hess Corporation but emphasized that the decision does not alter its operations in Guyana.
“While disappointed, we respect the process and the...
ExxonMobil is actively pursuing more mergers and acquisitions (M&A) across its business segments, with a sharp focus on value creation rather than volume.
“We’re continuing to keep a really close eye on the waterfront, see where the opportunities are, do...
Platts, the pricing benchmark unit of S&P Global Commodity Insights, will start publishing a daily assessment of Guyana’s Golden Arrowhead crude today, providing an independent valuation of the country’s newest oil grade ahead of its expected production start this...
ExxonMobil’s Chief Executive Officer, Darren Woods, says the Stabroek Block offshore Guyana is the industry’s biggest oil discovery in the last 15 years and ranks among the most successful developments in deepwater history.
“One of our most important advantaged assets...
TotalEnergies’ upcoming project offshore Suriname may exceed its planned production plateau of 220,000 barrels of oil per day (b/d), with Chairman and CEO Patrick Pouyanné saying the development could potentially handle up to 240,000 b/d.
The GranMorgu project, located in...
