MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and potential deployment of onboard carbon capture systems for offshore production vessels. This is according to a recent release from MODEC.  The...

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia. The 121-kilometre roadway is being upgraded to link Guyana’s coast to its hinterland. It will also serve as a critical...

Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According to its 2024 Sustainability Report, all offshore assets are staffed with Guyanese doctors. The company said it works with more than...

ExxonMobil has reaffirmed Guyana’s growing importance within its global operations, with Business Services Manager John Colling declaring that the South American nation will remain a “very important component” of the company’s production strategy for years to come. ExxonMobil currently has...

A sharp rise in the combined asset base of Stabroek Block co-venturers ExxonMobil, Hess, and CNOOC, has strengthened the consortium’s ability to financially respond to a potential offshore oil spill.  The three companies reported total assets of US$34.3 billion at...

ExxonMobil Guyana and SLB have achieved a global industry first with the Hammerhead-4 appraisal well. According to ExxonMobil Guyana’s 2024 Annual Report, the well was the first in the world to use SLB’s Ora reservoir fluid sampling tool to successfully...

ExxonMobil Guyana and its partners spent over GY$170 billion with local businesses in 2024, according to company President Alistair Routledge. This forms part of a decade-long investment exceeding GY$525 billion with more than 2,000 Guyanese suppliers. “Their participation shows the...

ExxonMobil Guyana Limited (EMGL) reported a profit of US$4.73 billion in 2024, up from US$2.92 billion in 2023. This was revealed today during the company’s report on last year's earnings, at its Duke Street office in Georgetown. This 62% jump...

ExxonMobil says Guyana has become one of the world’s most incredible economic and geopolitical success stories “practically overnight.” According to recent commentary by Hunter Farris, Senior Vice President for Deepwater at ExxonMobil Upstream Company, the timeline from discovery to first...

ExxonMobil plans to invest up to US$30 billion in low-emission initiatives from 2025 to 2030. Nearly 65% of that spending targets emissions reductions for third-party customers. The investments depend on supportive policies, regulations, and continued advances in technology and markets,...