Guyana Oil and Gas News

LONDON,  (Reuters) – Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are likely to stick with in 2025.

NEW YORK,  (Reuters) – New York state will fine fossil fuel companies a total of US$75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law yesterday.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 147 Introduction Last week’s part 1 of this mini-series dealt mainly with the court case and subsequent renegotiation of the Churchill Falls Hydro project in the Canadian province of Newfoundland and Labrador.

HOUSTON, (Reuters) – Exxon Mobil XOM.N today said its annual project spending will rise to between US$28 billion and US$33 billion between 2026 and 2030, with a goal of lifting oil and gas output by 18%.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 144 A recent letter in the Stabroek News by former Prime Minister Sam Hinds, now holder of one of Guyana’s top diplomatic posts, defending the Exxon oil contract reveals not just political expediency but, more disturbingly, a flippant dismissal of vital national interests.

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.