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Chevron eyes Guyana expertise in Hess takeover, says CEO Mike Wirth

Chevron’s US$53 billion acquisition of Hess Corporation is not just about reserves; it’s about people. According to Chevron Chief Executive Mike Wirth, the deal, announced in October 2023, was driven by the long-term growth Hess brings and the expertise...

Spain-bound tanker departs Guyana with second Yellowtail cargo – OilX

The Nordic Zenith tanker has departed ExxonMobil Guyana’s ONE GUYANA floating production vessel with the second cargo of crude from the Yellowtail project, energy analytics firm OilX and other vessel tracking data showed. The Suezmax tanker was scheduled by the...

Ali signals more oil exploration with stronger Production Sharing Agreement

Guyana's President, Dr. Mohamed Irfaan Ali, has signaled that his administration will embark on an expanded exploration push. ā€œWe will press forward with new exploration under a stronger Production Sharing Agreement,ā€ he announced immediately at his swearing-in for a...

What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat drug cartels, has quickly evolved into one of the most significant U.S. military engagements in the region in decades.  Over the...

ExxonMobil extends exploration drilling at Ranger-3 offshore Guyana

ExxonMobil Guyana Limited is continuing exploration drilling at the Ranger-3 well site at the Stabroek Block, according to a notice from the Maritime Administration Department.Ā  Drilling activities, carried out by the Stena Carron, began on September 8, and are scheduled...

Major energy and infrastructure projects to define Guyana’s next few years

Over the next few years, President Irfaan Ali’s second term will see Guyana advancing key projects that place energy and infrastructure at the center of national development.  Hammerhead Approval The Hammerhead discovery was announced in August 2018, the ninth in the...

Smit Lamnalco wins ExxonMobil Guyana contract for offshore support vessels

Smit Lamnalco has been awarded a multi-year contract by ExxonMobil Guyana to provide offshore terminal support services in the Stabroek block, the company announced in a LinkedIn post last week. The company will deploy four newbuild terminal support vessels to...

Cutting-edge technologies giving exploration a sustainable future – Insights from SLBĀ 

Andrea Lovatini, Director of Exploration Data and Geosolutions at SLB and Chairman of the EnerGeo Alliance Board, argues that exploration is not only alive but essential in shaping a lower-carbon future.  ā€œWhile renewable energy sources are increasingly vital, conventional resources...

GUYANA ELECTIONS: Irfaan Ali’s swear-in imminent; PPP/C to lead next five years of Guyana’s oil developmentĀ 

Preparations are underway for the swearing-in ceremony of Dr. Mohamed Irfaan Ali, returning for his second term in office after a sweeping win in Guyana’s September 1 General and Regional Elections.Ā  Congratulatory messages have already begun to pour in for...

ExxonMobil advancing Yellowtail drilling with ONE GUYANA vessel online

ExxonMobil Guyana Limited (EMGL) continues developmental drilling at the Yellowtail Project’s Drill Center in the Stabroek Block, following the arrival of the ONE GUYANA vessel. A notice from the Maritime Administration Department confirmed that the MODU Noble Sam Croft is...

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Eni, Repsol deal targets 645 mcf/d domestic supply at Venezuela’s Perla field ahead of 2031 exports

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field...