ExxonMobil Guyana’s oil production dipped slightly in June, averaging 664,000 barrels per day (b/d) down from 667,000 barrels in May, even as two of the three producing projects reached near-optimal output levels.
The Stabroek Block, operated by ExxonMobil, yielded a...
Chevron Corporation has appointed John Hess, former chief executive of Hess Corp, to its board of directors, the U.S. oil major said on Tuesday, following the completion of its US$53 billion acquisition of Hess earlier this month.
The announcement comes...
Guyana posted a trade surplus of US$3.01 billion in the first quarter of 2025, driven by crude oil exports, which continued to dominate the country’s external trade, according to Bank of Guyana data.
Exports totaled US$4.66 billion, of which US$4.24...
ExxonMobil and its partners Chevron (formerly Hess) and CNOOC have recovered approximately US$35.9 billion in exploration, development and other costs from oil production in Guyana's offshore Stabroek Block, according to the Bank of Guyana’s latest quarterly report.
The figure, which...
ExxonMobil Guyana Limited (EMGL) is seeking suppliers for a goods and services agreement to provide Core Analysis and Handling Services for its offshore activities.
The Request for Information (RFI) outlines the need for routine and special core analysis (RCAL and...
MODEC said it has successfully completed and delivered the Errea Wittu FPSO topsides modules at the BOMESC yard in Tianjin, China.
The company announced via LinkedIn on Thursday that the modules were delivered on or ahead of schedule, with all...
ExxonMobil has added a combined 130,000 barrels per day (b/d) of oil production capacity across its first three offshore oil projects in Guyana, solely through optimization activities, providing a significant boost that reflects the operator’s evolving efficiency in the...
Chevron plans to lay off approximately 575 Houston-based employees on September 26, according to a Worker Adjustment and Retraining Notification (WARN) filed with the Texas Workforce Commission on Wednesday, the Houston Chronicle reported.
The affected employees are all from the...
Guyana, among the few super basins left in the world, has attracted the presence of four of the largest movers and shakers in the global energy arena: ExxonMobil, TotalEnergies, CNOOC and now Chevron.
Guyana’s oil production journey began with ExxonMobil...
Following the closure of the Chevron-Hess merger, market intelligence firm Welligence is advising that Chevron, now holding a 30% stake in Guyana’s Stabroek Block, to act with caution amid the ongoing border controversy with Venezuela.
The Stabroek Block operated by...
