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ExxonMobil Announces New Oil Discovery Offshore Guyana

Exxon Mobil Corporation (NYSE:XOM) announced today positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara. “The latest discovery at Snoek...

Guyana rigs extended to 2029 as Noble secures US$1.3B in new contracts

Drilling activity offshore Guyana has been extended through 2029 after ExxonMobil awarded Noble Corporation plc additional rig years under its Commercial Enabling Agreement.  The award applies evenly across four drillships operating in Guyana — Noble Sam Croft, Noble Don Taylor,...

SLB strengthens local partnerships with first-ever women-owned business supplier forum in Guyana

As women-led enterprises continue to expand their influence across Guyana’s energy sector, the need for targeted support and guidance has become increasingly clear.  In response, SLB successfully hosted its first Women-Owned Business Supplier Forum - an initiative designed to amplify...

Eco Atlantic considering heavy-oil development at Jethro; says Exxon Hammerhead FID triggers ‘fresh look’

Eco Atlantic Oil and Gas is taking a fresh look at its 2019 Jethro-Lobe discovery offshore Guyana, after ExxonMobil’s Hammerhead project proved that heavy oil finds in the basin can be commercially developed. Chief Executive Officer Gil Holzman said in...

Unlimited Liability and Specified Assurance: Understanding Environmental Responsibility in Guyana’s Oil and Gas Sector

Today, we continue our series on the Oil Pollution Prevention, Preparedness, Response, and Responsibility Act of 2025 (OPPPRR) by seeking to clarify the nature of, and differences between, two critical concepts: environmental liability and financial assurance.  These concepts continue to...

Guyana ‘working with allies near and far’ to ensure Venezuela understands military action would not be tolerated – Greenidge

Guyana’s Agent in the Border Case with Venezuela before the International Court of Justice (ICJ), Carl Greenidge, said that while he is not a strategist, it would be unrealistic to dismiss the possibility of an invasion. However, he said the...

Guyana’s political outlook steady enough to keep investors calm – Norway group

Stability, that’s the word investors want to hear, and in Guyana, they’re likely to get it. Schreiner Parker, Partner and Head of Emerging Markets & NOCs at Norway-based Rystad Energy, believes the country’s political future looks steady enough to keep...

CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in October as the Canadian company and its partner Frontera Energy seek to reverse the cancellation of the Corentyne Block license. The...

The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery. We began our review with the critical requirements for a Petroleum Production Licence (PPL) – the Application and the accompanying...

Guyana journalists explore the geopolitics of energy, climate change in pivotal three-day workshop

A three-day workshop on the Geopolitics of Energy and Climate Change in Latin America concluded on Sunday at Cara Lodge in Georgetown, drawing participation from local journalists and communications students from the University of Guyana. The event, which took place...

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Eco Atlantic to acquire JHI in US$52M deal, gaining stake in Falklands basin and Guyana’s Canje Block

Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to...