ExxonMobil Guyana should report profits, not misleading tax claims, says VP Jagdeo
Vice President Bharrat Jagdeo has expressed his displeasure with what he described as ExxonMobil Guyana’s attempt at taking credit for government revenue earned through taxes and described the tax revenues…
National Oil Incident Emergency Response and Financial Responsibility Bill to be tabled in the National Assembly before August recess
The National Oil Incident Emergency Response and Financial Responsibility Bill 2024 is expected to be tabled in the National Assembly before parliament goes for recess in August. This was announced…
ExxonMobil Guyana’s revenue soars to over $1.1 trillion in 2023
ExxonMobil Guyana had a staggering revenue of over $1.1 trillion in 2023, according to their latest Annual Report. Their pre-tax profit shot up to a whopping $752.7 billion, while their…
PETRONAS discovery in Suriname approaches 400 million barrels
PRESS RELEASE Read Time: 1 minute Addressing the recent deepwater discovery by PETRONAS in Suriname, Mark Oberstoetter, Head of Americas (non-L48) Upstream, said “We understand Roystonea and Fusaea’s recoverable resources…
Vallourec wins another major order from ExxonMobil Guyana
May 1, 2021 Vallourec has secured a fourth major order in the framework of the Long-Term Agreement (LTA) signed in 2021 with ExxonMobil Guyana. Under the contract, Vallourec will deliver…
Exxon Mobil to shut down FPSOs for two weeks to facilitate gas pipeline connection
May 1, 2024 ExxonMobil Guyana President, Alistair Routledge, disclosed plans to pause operations at the Liza Destiny and Liza Unity Floating Production Storage and Offloading (FPSO) vessels for two weeks…
SBM Offshore signs a US$250 million short-term corporate facility for the construction of FPSO destined for Guyana
SBM Offshore has announced it signed a US$250 million term loan facility. The announcement was made on April 17, 2024. In a press statement, the company indicated that the loan…
ExxonMobil Guyana moves forward with sixth offshore development
SPRING, Texas – ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the…
Bluefin well is ExxonMobil’s first oil Discovery of 2024
On Friday, March 15, 2024, ExxonMobil Guyana reported a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery in 2024. The Bluefin well encountered approximately 197…
Oil spill in Trinidad and Tobago triggers ‘national emergency’
The twin islands of Trinidad and Tobago are currently in a state of “national emergency” following a massive oil spill along its southwest coast. This resulted in the southern beaches…