Oil & Gas Archives

September 22, 2025

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The Government of Guyana has granted approval for the Hammerhead Field Development Plan (FDP) and issued the corresponding Petroleum Production Licence (PPL), clearing the way for ExxonMobil and its co-venturers Hess Corporation and CNOOC to move forward with the country’s seventh offshore oil project in the prolific Stabroek Block. Discovered in 2018 and located in […]

September 17, 2025

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ExxonMobil Guyana and its contractors have spent over US$2.9 billion with local businesses since beginning operations in 2015, the company said, highlighting its continued support for local content development. In the first half of 2025 alone, US$419 million was spent directly with 1,800 Guyanese vendors, covering investments in workforce training, community initiatives, and industrial capabilities. […]

August 14, 2025

In the wake of last week’s announcement by ExxonMobil of the commencement of production from a fourth major oil development in the Stabroek area offshore Guyana, the size of the revenue stream due to the country’s government and it’s 800,000 citizens now stands to rise to as high as $10 billion annually by 2030. The […]

July 28, 2025

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Natural Resources Minister, Vickram Bharrat on Monday extended heartfelt congratulations to four exceptional Guyanese students who have been awarded full scholarships to pursue Bachelor’s degrees in Petroleum Engineering and Geoscience at prestigious universities in China. The scholarships are the result of a collaboration between the Ministry of Natural Resources (MNR) and CNOOC Petroleum Guyana Limited, […]

July 22, 2025

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ExxonMobil has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East Coast of the Caribbean country, which the top US oil producer left more than two decades ago, two sources close to the talks told Reuters. The areas Exxon is interested […]

July 20, 2025

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President Dr Irfaan Ali has announced a “marked reduction in taxes” for Guyana’s productive sector, with a strong focus on agriculture, as part of a sweeping development agenda. He was at the time addressing more than 25,000 supporters at the People’s Progressive Party Civic (PPP/C) rally in Albion, Berbice. “Yes, our productive sector, especially agriculture, […]

July 19, 2025

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Guyana’s rapidly expanding oil and gas sector is set to benefit from over 160 sustained local jobs with the official opening of a Mitsui Ocean Development & Engineering Company Inc. (MODEC) office in Georgetown. The Japanese offshore engineering giant’s investment not only strengthens the country’s energy sector but also brings meaningful employment and training opportunities […]

July 18, 2025

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Chevron can quickly proceed with its $53 billion acquisition of Hess, after winning a landmark legal battle against larger rival ExxonMobil, gaining access to the largest oil discovery in decades. Chevron CEO Mike Wirth’s strategy to turn around his company’s lagging performance hinges on the acquisition, one of the largest energy deals in the past […]

July 16, 2025

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Japanese company MODEC will officially open its Guyana office on Friday as the company continues to play an integral role in the country’s oil and gas sector. The company’s office will be stationed at the Pegasus Suites and Corporate Centre. MODEC is becoming a prominent name in the local energy sector as it is slated […]

July 4, 2025

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The arbitrators in a legal dispute between Exxon Mobil (XOM.N), opens new tab and Hess (HES.N), opens new tab have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter. The ruling will determine whether Chevron (CVX.N), opens new tab can move forward with its $53 […]

Category: Oil & Gas

Guyana Grants seventh petroleum production licence for Hammerhead development

ExxonMobil invests US$2.9 billion in local businesses, workforce

Guyana positioned as powerhouse in the region

Four Guyanese students awarded scholarships to study in China

Exxon in talks with Trinidad for seven deepwater blocks, sources say

Productive sectors to benefit from tax cuts, oil and gas expansion for Berbice

MODEC launches Guyana office, creating 160+ jobs in expanding oil sector

Chevron completes Hess acquisition after defeating Exxon in dispute over Guyana oil assets

MODEC to officially opens Guyana office

Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say

Hamilton, Tenorio take top honours at Pizza Cup

Unregistered e-bike rider crushed by lorry

89-year-old pensioner drowns while bathing in a canal

Hamilton, Tenorio take top honours at Pizza Cup

Unregistered e-bike rider crushed by lorry

89-year-old pensioner drowns while bathing in a canal