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...
Hunting Subsea Technologies has successfully delivered eight titanium stress joints for ExxonMobil’s massive Uaru oil development offshore Guyana, the company said in a recent statement.
The components will be integrated into the Errea Wittu floating production, storage and offloading (FPSO)...
Georgetown, Guyana – Energy Guyana has released a landmark special edition publication titled "Energy Nation: 10 Years of Oil in Guyana", marking a decade since the transformative discovery of oil in the Stabroek Block (Click here to view).
The...
Guyana attracted US$2.1308 billion in foreign direct investment (FDI) during the first quarter of 2025, almost entirely in its oil and gas sector, according to new data from the Bank of Guyana.
The report shows that oil and gas continues...
ExxonMobil Corporation reported second-quarter 2025 earnings of US$7.1 billion, or US$1.64 per diluted share. According to its financial report released this morning, cash flow from operating activities totaled US$11.5 billion, while free cash flow stood at US$5.4 billion.
Shareholder distributions...
Suriname is set to surpass Guyana in exploration and appraisal drilling activity in 2025, according to Wood Mackenzie in the latest World Oil Regional Report on Guyana and Suriname.
“In 2025, for the first time since the Liza discovery, WoodMac...
Strohm has completed fabrication of the first 13 thermoplastic composite pipe (TCP) jumpers for ExxonMobil’s Yellowtail development offshore Guyana.
The jumpers were produced under Strohm’s Jumper on Demand model, a first for both the region and the client. The approach...
