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HomeGuyana

Guyana

Guyana
International News

Guyana Taps U.S. Firm Led by Ex-Exxon Executive for Natural Gas Project

June 26, 2024 Mariel Alumit

The government of Guyana has picked Fulcrum LNG, a U.S. firm founded and led by a former senior executive at ExxonMobil, to develop the country’s natural gas resources. After scoring huge success in oil discoveries […]

Crude Oil News

Deal Spotlight Episode #7: Exxon vs. Chevron for Hess and The Battle For Guyana

May 23, 2024 Michael Tanner

Guyana has emerged as one of the most prized oil assets over the last 10 years and the race to develop this asset is seen as critical to stable oil production growth over the next 10 years. Chevron has attempted to jump into this growth […]

Guyana
EIA News

Guyana becomes key contributor to global crude oil supply growth

May 21, 2024 Andy Del Prado

Guyana, situated on South America’s northern coast neighboring Venezuela, Suriname, and Brazil, has emerged as a significant contributor to growth in the global supply of crude oil. Since starting production in 2019, Guyana has increased […]

oil
Big Oil Companies

ExxonMobil, Chevron to increase Guyana, Permian oil production amidst $100 billion M&A spending

April 30, 2024 Mariel Alumit

(Bloomberg) – If you want to understand why the two largest U.S. oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re […]

Crude Oil News

Kimmerdige vs. SBOW Round 4!!!!

April 30, 2024 Andy Del Prado

Daily Standup Top Stories Tesla Partners with Baidu for Full Self-Driving Rollout in China April 29, 2024 Mariel Alumit Tesla’s FSD system has been approved for use in China, the world’s largest car market. Tesla has […]

Chevron Corp
Earnings

Chevron Corp (CVX) Reports Q1 2024 Earnings: A Close Call with Analyst Projections

April 26, 2024 Mariel Alumit

Chevron Corp (NYSE:CVX) released its 8-K filing on April 26, 2024, disclosing its financial results for the first quarter of 2024. The company reported earnings of $5.5 billion, translating to $2.97 per share on a diluted basis, […]

Exxon
Crude Oil News

Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins

April 26, 2024 Mariel Alumit

Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon’s stock is down more than 3%. Here is what Exxon reported for […]

Hess
Earnings

Hess Reports Estimated Results for the First Quarter of 2024

April 25, 2024 Mariel Alumit

Key Development: Sanctioned development of Whiptail, the sixth development on the Stabroek Block, offshore Guyana; expected to add gross production capacity of approximately 250,000 barrels of oil per day (bopd) by the end of 2027 […]

TechnipFMC
Press

TechnipFMC bags work on Exxon’s sixth Guyana project

April 16, 2024 Stu Turley

Offshore contracting giant TechnipFMC has been awarded a contract in Guyana’s Stabroek Block by US supermajor ExxonMobil to supply subsea production systems for the Whiptail project. TechnipFMC will provide project management, engineering, and manufacturing to […]

FID
Big Oil Companies

ExxonMobil Makes FID on 6th Project in Contested Guyana Asset

April 15, 2024 Mariel Alumit

Exxon Mobil Corp. has made a final investment decision (FID) for the Whiptail development offshore Guyana after receiving government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately […]

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