ExxonMobil sees its growing floating production, storage and offloading vessel (FPSO) network in the Stabroek Block creating opportunities for low-cost tiebacks from smaller oil accumulations offshore Guyana. Neil Chapman, Senior Vice President of ExxonMobil, said the company’s planned eight-FPSO buildout...

The Centre for Local Business Development (CLBD) is offering businesses and individuals entry into Guyana’s oil and gas sector through strategic courses designed to build industry knowledge and strengthen procurement capabilities. CLBD is a Guyana-based organization that provides training, mentoring,...

ExxonMobil Guyana has formally begun the environmental authorization process for its proposed Haimara development offshore Guyana. Haimara would be the ninth hydrocarbon development project for Exxon in the country. Here are some key questions and answers about the project...

Occidental Petroleum has acquired a 10% stake in ExxonMobil’s deepwater exploration block offshore Trinidad and Tobago, according to two Reuters sources familiar with the matter. The block, known as UD(1), was previously wholly owned by ExxonMobil after the U.S. major...

Guyana is seen as a more attractive oil investment destination as Venezuela works through a sovereign debt restructuring process that analysts say could take years to complete, according to an S&P Global analysis published on May 20.  The report examined...

ExxonMobil Guyana has applied to the Environmental Protection Agency (EPA) for environmental authorization for the Haimara project, its proposed ninth development in the Stabroek Block. The project is expected to anchor a gas-focused development in the southeast section of the...

Petrobras has completed the acquisition of a 49.99% stake in Lightsource bp's subsidiaries in Brazil, advancing a strategic partnership focused on onshore renewable energy and energy storage projects in the country. Petrobras to invest US$2.14B in São Paulo by 2030...

ExxonMobil expects the planned Longtail development to create up to 1,680 jobs across its phases, according to the project’s Environmental Impact Assessment (EIA) published by Guyana’s Environmental Protection Agency (EPA) in March. The project is tied to Guyana reaching oil...

TechnipFMC and TotalEnergies have completed stack-up and system integration testing for a shallow-water production christmas tree (XT) tied to the GranMorgu offshore development. The testing campaign was carried out over several weeks in Malaysia, where the subsea equipment was assembled...

Guyana’s Natural Resource Fund (NRF) surpassed the US$4 billion mark for the first time at the end of April 2026, supported by high crude prices and stable offshore crude production. According to the April report for the NRF, the fund...