The International Energy Agency (IEA) says despite the marked slowdown in Chinese oil demand growth, OPEC+ has yet to call time on its plan to gradually unwind voluntary production cuts starting in the fourth quarter of this year. However,...
SBM Offshore posted strong financial performance in the first half of 2024, with directional revenue increasing to US$1,840 million - a 23% increase compared to the same period last year. Directional Turnkey revenue rose to US$662 million compared to US$558...
Liza, the now well off the coast of Guyana, earned the nickname "well from hell" during its drilling phase, as recounted by former ExxonMobil geoscientist Scott Dyksterhuis. Convinced there was a significant oil reserve more than three miles beneath...
Guyana is quickly moving up the rankings of the World Bank’s high-income economies. After joining the high-income group last year, the country jumped four places to 63rd based on 2023 growth.
The ranking is based on the Bank’s calculation of...
Guyana's Vice President Bharrat Jagdeo said ExxonMobil has communicated to the government its prioritization of gas development.
“Exxon has said, ‘we have moved this up to a priority now.’ We now have a company that is interested in moving it...
Viridien, formerly CGG, said its Sensing & Monitoring business line, marketed under the Sercel brand, has made a sale of its Marlin™ vessel monitoring and alert system to ExxonMobil Guyana to support its offshore operations in Guyana.
The sophisticated system...
By Chevy Devonish
ExxonMobil Guyana Limited (ExxonMobil), and its partners Hess and CNOOC started oil and gas exploration in Guyana in 2008, and the first significant discovery, Liza-1, was made in 2015.
In his 2024 budget speech, Dr. Ashni Singh, Senior...
ExxonMobil and its contractors grew their spend on Guyanese suppliers by an average of 80% annually, its 2023 Annual Report revealed.
Spend grew from US$23 million in 2017 to US$641 million in 2023. Recent growth in spend picked up, particularly...
Omni Helicopters International said its operations in Guyana, through Omni Helicopters Guyana Inc (OHGI), have been Certified™ by San Francisco firm Great Place To Work®.
Great Place to Work Certification is a benchmark for recognizing outstanding employee experience. Every year,...
ExxonMobil Guyana Limited (EMGL) is gearing up to finalize an agreement for freight forwarding services to seamlessly move company materials, equipment, and supplies to and from designated origins and destinations.
According to a public request for information (RFI), under the...
