Guyana
News
December 04, 2025
Chevron has unveiled a 2026 capex budget of $18–$19 billion, with major spending directed toward U.S. shale, offshore growth in Guyana and the Gulf, and lower-carbon investments.
News
November 11, 2025
TotalEnergies has signed a production sharing contract with QatarEnergy and Petronas for Block S4 offshore Guyana, becoming operator of the 1,788 km² shallow-water block. The partnership marks TotalEnergies’ entry as an operator in Guyana and supports its strategy to explore low-cost, low-emission resources in a prolific hydrocarbon basin.
News
November 04, 2025
EnerMech has announced a multi-year strategic investment across its Americas operations—spanning the U.S., Guyana, Trinidad & Tobago, Suriname, and Mexico—to strengthen local capability, expand leadership, and capture growth in LNG and offshore pre-commissioning markets.
News
October 31, 2025
ExxonMobil reported Q3 2025 earnings of $7.5 billion and record upstream production of 4.8 million boed, led by new output from Guyana’s Yellowtail project and record volumes in the Permian basin. The company also took FID on Hammerhead and expanded its Permian acreage with a Sinochem acquisition.
News
September 25, 2025
TechnipFMC has secured a substantial contract from ExxonMobil Guyana to deliver subsea production systems for the Hammerhead development in the Stabroek Block, marking its seventh greenfield award in the country since 2017.
News
September 22, 2025
ExxonMobil has approved the $6.8 billion Hammerhead development offshore Guyana, marking its seventh project in the Stabroek block. The development will add 150,000 bopd starting in 2029, boosting total block capacity to 1.5 million bopd.
News
September 01, 2025
Voters in Guyana headed to the polls to decide whether to reelect President Irfaan Ali or back rivals pledging to squeeze more wealth from ExxonMobil’s offshore oil fields, even as troops came under fire from across the Venezuelan border.
News
August 13, 2025
ExxonMobil has signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, a decade after making the world’s largest discovery in a generation in nearby Guyana.
News
August 08, 2025
ExxonMobil Guyana has started production at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA FPSO brings total installed capacity in Guyana to above 900,000 bopd.
Article
July 2025
A year ago, the Suriname-Guyana basin’s outlook for hydrocarbons seemed straightforward: "deploy one FPSO annually, exceed nameplate capacity, and repeat." However, there are non-hydrocarbon factors that today could significantly influence the region, even before Suriname’s first oil.
News
July 31, 2025
In a first for both the region and the client, Strohm has completed fabrication of the first 13 water alternating gas injection (WAG) thermoplastic composite pipe (TCP) Jumpers for ExxonMobil’s Yellowtail field offshore Guyana.
News
July 18, 2025
Chevron’s victory in a lengthy arbitration initiated by Exxon allowed the $53 billion takeover of Hess Corp. to proceed. With Exxon being the majority owner and operator of the disputed Guyana oil fields, the two oil giants face a new challenge: collaboration.
News
July 18, 2025
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana.
News
July 18, 2025
Chevron has completed its $53 billion takeover of Hess Corporation, having won its arbitration case against ExxonMobil regarding Hess' offshore Guyana assets which had delayed the takeover for over a year.
News
May 30, 2025
The Cooperative Republic of Guyana and African Export-Import Bank (Afreximbank) have concluded a two-day roadshow to promote access to a US $1-billion oil services financing facility announced by the Bank in February this year during the Guyana Energy Conference.
News
May 29, 2025
ExxonMobil says it will be “business as usual” in its massive Guyana oil field if it loses its arbitration case against Chevron and Hess. Exxon and CNOOC have claimed right of first refusal over Hess’s stake in the offshore Stabroek block.
News
May 28, 2025
ExxonMobil CEO Darren Woods said the company will keep its capital allocation plans intact even if oil declines toward $50 a barrel. Exxon plans to bring on a 250,000 bpd expansion project in Guyana later this year, adding to global supplies.
News
April 30, 2025
In partnership with ExxonMobil, Lindsayca and Enerflex, CH4 Systems announced Wednesday that it has received the prestigious Export-Import Bank of the United States (EXIM) "Deal of the Year Award" for its pioneering gas-to-energy project in Guyana.
News
April 21, 2025
MODEC has secured a contract from ExxonMobil Guyana to deliver the Hammerhead FPSO, with initial design work underway and production capacity set at 150,000 barrels per day pending regulatory approval.
News
March 17, 2025
Chevron Corp. bought nearly 5% of Hess Corp. as a show of confidence that it will win the arbitration battle with ExxonMobil Corp. that has delayed the Hess takeover for more than a year. The stake is worth about $2.3 billion at today’s price.
News
March 11, 2025
(WO) - Day two of CERAWeek by S&P Global held many energetic discussions. Notably, a luncheon and dialogue between S&P Global Vice Chairman Daniel Yergin and Guyana’s President and Commander-in-Chief H.E. Dr. Mohamed Irfaan Ali, shed light on what has fueled the nation’s rapid economic growth, and what’s to come.
