Guyana Oil and Gas News

HOUSTON,  (Reuters) – Guyana’s fourth oil floating production storage and offloading (FPSO) facility is expected to depart for this  country in the first quarter next year, the CEO of U.S.

HOUSTON,  (Reuters) – Exxon Mobil XOM.N today  beat Wall Street’s third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S.

HOUSTON,  (Reuters) – Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as the No.

Introduction Survey shows overwhelming support for renegotiation of Petroleum Agreement Introduction The results of a recent survey on the 2016 Petroleum Agreement with ExxonMobil and partners reveal overwhelming public support for renegotiation, with serious concerns about key provisions of the Agreement.

(Reuters) – Exxon Mobil (XOM.N) signaled in a regulatory filing today that changes in oil prices would reduce the energy major’s third-quarter upstream earnings by US$600 million to US$1 billion.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 138 After years of dithering and delays, the People’s National Congress Reform (PNC-R) recently unveiled a 20-point plan – more a statement of intent – for managing Guyana’s fast-moving oil and gas sector.

(Reuters) – Several oil companies including Exxon Mobil (XOM.N), and Chevron (CVX.N), 

Commentator Christopher Ram has flayed the government and opposition for abdicating their responsibilities to the country to ensure a better deal with ExxonMobil, a circumstance he described as the surrender of the country’s sovereignty.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 136 Introduction Over the past three weeks, this Column has shown how the PPP/C has reversed its pre-election promise to review and renegotiate the 2016 Petroleum Agreement.

Oil Spill Response Limited (OSRL) has posted vacancies for their new operational base in Guyana, following the July commissioning of a state-of-the-art capping stack designed to seal any offshore spill here.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 135 Introduction This is the final part of an adaptation of a talk I gave last July at a forum sponsored by the US NGO Oil and Gas Guyana Network (OGGN).

(Reuters) – Top U.S. oil company Exxon Mobil (XOM.N),  is looking to sell oil assets in the U.S.

Guyana Shore Base Inc. (GYSBI), in collaboration with its parent company, Muneshwers Limited, and its Joint Venture partners, will host a career fair on Saturday, August 24th, 2024, at the Everest Cricket Club, Camp Road, Georgetown, from 09:00 hrs to 16:00 hrs.

HOUSTON, (Reuters) – Exxon Mobil’s legal bid to stop Chevron’s  proposed US$53 billion acquisition of Hess  rests on whether the transaction would involve a change of control of Hess’ prize subsidiary in Guyana, according to people knowledgeable about the argument.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 132 Modest investment, gargantuan returns Last week’s column completed the review of the published financial statements of the three companies which signed the 2016 Agreement for the Stabroek Block.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 131 Introduction Today’s column features the financial statements of the Chinese-owned CNOOC which holds a 25% working interest in the Stabroek Block, as a “non-operating joint venture partner”.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 130 Introduction This week’s column features the financial statements of the Guyana branch of ExxonMobil Guyana Limited, a 45% stakeholder, and the designated Operator, in the Stabroek Block.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 129 Introduction On 29th December 2023, in a letter to the press, I argued that the Natural Resource Fund was overstated by G$274 BN.,

HOUSTON (Reuters) -Hess shareholders today approved the proposed US$53 billion merger with Chevron that paves the way for the No.

Commentator Christopher Ram has said that the Guyana Government should seek to acquire Hess’ 30% share in the lucrative Stabroek Block which is currently at the centre of a dispute between two American oil majors: ExxonMobil and Chevron.