Hess Corporation directed the majority of its capital and exploratory expenditures in the first quarter of 2025 to operations in Guyana, as the country continues to grow in importance to the company’s portfolio.
The U.S. oil producer reported that it...
Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has been no break in business operations in Guyana due to Venezuela’s increasingly aggressive posture regarding its claim to Guyana's territory.
Speaking...
ExxonMobil Guyana President Alistair Routledge said the Yellowtail offshore oil project is expected to start producing crude oil in August 2025. Routledge made the comments during a panel discussion at the Offshore Technology Conference in Houston, Texas, this week.
The...
TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool. Celebrating the key moment on Wednesday, teammates proudly posed with the company’s first Subsea 2.0® tree mobilized for transport from...
ExxonMobil Guyana is now a gold sponsor for the 2025 edition of ECONOME, a business conference and mixer founded by Matthew Gaul, a 27-year-old business enthusiast on a mission to boost education and opportunities.
Gaul said, “ support sends a...
S&P Global reported that Guyana anticipates supplying Europe with the majority of its increased crude oil output. The South American nation supplied an average of 286,000 barrels per day to Europe in 2024, according to S&P Global Commodities at...
Venezuela has rejected a binding order issued by the International Court of Justice (ICJ) prohibiting it from conducting elections in Guyana’s Essequibo region. This is according to a communiqué issued today and posted to Facebook by Venezuela’s Executive Vice...
Today, ExxonMobil reported first-quarter earnings of US$7.7 billion, down from US$8.2 billion in the same period last year. The company said the decline was mainly due to weaker industry refining margins, lower crude prices, strategic divestments, and higher expenses...
China’s CNOOC Limited reported this week that its oil and gas production rose 4.8% year-on-year to 188.8 million barrels of oil equivalent (boe) in the first quarter of 2025, underpinned by stronger domestic output.
In its first quarter report released...
Guyana said Thursday that the International Court of Justice (ICJ) has ordered Venezuela not to conduct or prepare to conduct elections in the resource-rich Essequibo region, which is administered by Guyana but claimed by its western neighbor.
President Irfaan Ali...
