Guyana collected US$77.9 million (GY$16.2 billion) in royalties from ExxonMobil, Hess (acquired by Chevron) and CNOOC, for crude produced and sold offshore during the second quarter of 2025, according to the latest Natural Resource Fund (NRF) report.  This brought royalty...

Subsea tree awards for the first seven months of 2025 are at their lowest level since 2020, according to Westwood’s Global Subsea Tree Tracker. Westwood reported that just 97 units have been recorded year-to-date, with Turkey and Norway accounting for...

ExxonMobil is aiming to replicate the remarkable success it has had in Guyana, in neighboring Trinidad and Tobago, and even expects the oil and gas development to progress faster there due to T&T's established industry, deepwater ports and robust...

Oil production has started at ExxonMobil's Yellowtail Development offshore Guyana, making it the fourth mega-project to startup in just five years offshore the South American country. This is according to announcements from the Government of Guyana and ExxonMobil on...

Guyana has emerged as the most active location for Noble Corporation’s floater rigs, with four high-specification drillships operating exclusively in the ExxonMobil-operated Stabroek Block.  According to Noble’s latest fleet status report, the Sam Croft, Bob Douglas, Tom Madden, and Don...

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...

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...