Guyana Archives -

NRGBriefs Mar. 2025: Brava Energia Waiver, Cuba-China Deal, Exxon Guyana, Vale Tender Results

HOUSTON, TEXAS (Energy Analytics Institute, 18.Mar.2025) — Energy briefs as well as others related to finance and projects during Mar. 2025 including the head of Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI), Stuart Young, assuming the position as PM of the twin-island country; Vale Overseas Limited announced […]

ExxonMobil Submits Application to EPA for Longtail Project Offshore Guyana

HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 17.Mar.2025) — ExxonMobil Guyana Limited (EMGL) submitted an application to the Environmental Protection Agency (EPA) for environmental authorization to undertake its Longtail project offshore in the Stabroek block. In specific, the application is for the Longtail development project — ExxonMobil’s eighth in Stabroek […]

LatAmNRG Heard CERAWeek: YPF, Sempra in Mexico, Citgo, and ExxonMobil in Guyana

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.Mar.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 14 Mar. 2025 including coverage from CERAWeek by S&P Global with company updates on Argentina’s state-owned YPF, ExxonMobil in Guyana, Mexico Pacific Ltd., Sempra Infrastructure in […]

New Wave Offshore Energy to Conduct MWS for ExxonMobil’s Whiptail Project Offshore Guyana

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Mar.2025) — New Wave Offshore Energy has been selected to conduct the Marine Warranty Survey (MWS) for ExxonMobil Guyana‘s $12.7bn Whiptail development in the Stabroek block offshore Guyana. The MWS contract encompasses risk management and safety oversight support for the project, which […]

Frontera and CGX Notified Their Corentyne Block Agreement and License Are ‘At an End’

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) — The government of Guyana announced it is of the view that the Petroleum Agreement and Prospecting Licence for the Corentyne block offshore Guyana held by joint venture (JV) partners CGX Energy Inc. and Frontera Energy Corporation are “at an end.” The […]

Liza Unity FPSO World’s First to Receive ABS SUSTAIN-2 Notation

HOUSTON, TEXAS (Lukas von Koch, Energy Analytics Institute, 12.Mar.2025) — The American Bureau of Shipping (ABS)-classed Liza Unity floating production storage and offloading (FPSO) unit has become the first in the world to receive the SUSTAIN-2 notation from ABS. The notation is the next level in the vessel sustainability program […]

LatAmNRG Heard: US Pressures IOCs in Venezuela, Mexico Pacific Ltd. and Ebrard’s FDI Expectations

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 7.Mar.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 7 Mar. 2025. —Argentina: The divestment of assets by IOCs in Argentina, such as those announced by Norway’s Equinor and the US’ ExxonMobil Corporation, points to […]

Guyana Turns to Court in Essequibo Region Dispute with Venezuela

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.Mar.2025) — Guyana has requested the International Court of Justice (ICJ) indicate provisional measures in the case concerning the Arbitral Award of 3 Oct. 1899, also known as Guyana v. Venezuela. On 6 Mar. 2025, Guyana filed a request in the ICJ […]

G Mining Starts Early Construction Works in Guyana at Oko West Gold Project

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 6.Mar.2025) — G Mining Ventures Corp. commenced site preparation activities at its Oko West gold project in Guyana, marking a major step forward in the project’s development. With the Interim Environmental Permit (IEP) from the Guyana Environmental Protection Agency (EPA) already in hand, […]

EnerMech Inks Pre-commissioning Deal for ONE GUYANA FPSO by SBM Offshore

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Mar.2025) — EnerMech, which specializes in integrated solutions for complex projects around the world, has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore‘s subsidiary in Guyana. The FPSO or floating production storage […]

Guyana Denounces Venezuelan Incursion in Offshore Field Operated by ExxonMobil

GEORGETOWN, GUYANA (AP, 1.Mar.2025) — Guyana’s President Irfaan Ali on Saturday denounced an incursion by an armed Venezuelan naval vessel in disputed waters that are home to a mammoth offshore oil deposit being developed by ExxonMobil. In a televised address, Ali said Guyana was hurriedly notifying all of its international allies, including the […]

Eco Atlantic Prepares for Guyana Well, Other Work in Namibia and S. Africa

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Feb.2025) — Eco Atlantic is preparing to drill an exploration well offshore Guyana in the Orinduik Block in 2025-2026. Eco operates the block with a 100% working interest and is actively engaged in farmout process to drill a well with potential partners into […]

Suriname Overview: Energy Future Looks Bright

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Feb.2025) — Suriname is located on the northern coast of South America, bordered by the Atlantic Ocean to the north, Brazil to the South, Guyana to the West and French Guiana to the East. Suriname is divided into several defined geographical areas: […]

ExxonMobil’s Payara Celebrates 100 MMbbls of Oil Produced in Just 15 Months

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Feb.2025) — ExxonMobil Corporation, which operates the Stabroek Block offshore Guyana, celebrated 100 million barrels (MMbbls) of oil produced from its Payara project, the company announced 13 Feb. 2025 on social media. Payara, ExxonMobil’s third development offshore Guyana, started up just 15 months […]

Exxon Applies for Longtail Environmental Permits: Reuters

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Feb.2025) — Spring, Texas-based ExxonMobil Corporation has reportedly applied for environmental permits related to its Longtail development located offshore Guyana in the Stabroek Block, according to Reuters. The consortium is eying another well in Stabroek, Reuters reported 13 Feb. 2025, citing Exxon […]

Guyana Issues Statement Regarding Corentyne Block License with CGX and Frontera

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 11.Feb.2025) — The government of Guyana has informed joint venture (JV) partners CGX Energy Inc. and Frontera Energy Corporation that “there are no reasonable grounds to grant any extensions to the joint venture in respect of its appraisal or exploration obligations under […]

CERAWeek by S&P Global: Houston, 10-14 Mar. 2025

HOUSTON, TEXAS (S&P Global, 10.Feb.2025) — The 43rd annual gathering of CERAWeek by S&P Global—the world’s preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, 10-14 Mar. 2025 in Houston. CERAWeek 2025: Moving Ahead: Energy strategies for […]

TotalEnergies Says Gas Market to Remain in Tension in 2025

HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — TotalEnergies expects the gas market to remain tense in 2025 owing to “very limited expected capacity additions related to delays of some projects.” TotalEnergies expects its liquefied natural gas (LNG) sales to exceed 40 million tonnes (Mt) in 2025, up slightly compared to […]

Exxon Selects Baker Hughes for Chemicals Services for Uaru and Whiptail Developments

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Feb.2025) — Baker Hughes revealed a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s prolific Stabroek Block. The multi-year contract includes all topsides, subsea, water injection and utility […]

NRGBriefs Jan. 2025: Golden Pass LNG, Chevron CEO on Argentina Growth

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Energy briefs as well as others related to finance, economics, politics, and projects during Jan. 2025 including Venezuela Edmundo González Urrutia planning to tour Argentina, Uruguay, Panama, the US, and the Dominican Republic before his proposed return to Venezuela on or […]

ExxonMobil Eyes Yellowtail Development Startup Offshore Guyana in 3Q:25

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — ExxonMobil Corporation expects the startup of the 250,000 barrel per day (b/d) Yellowtail development in the Stabroek Block to occur sometime in the third-quarter 2025 (3Q:25), according to comments from the company’s chairman and CEO Darren W. Woods. “With respect to […]

Chevron Starts Several Projects in the Gulf of America [PDF Download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Chevron Corporation reported earnings of $3.2bn in the fourth-quarter 2024 (4Q:24) compared with $2.3bn in the 4Q:23. Results in the 4Q:24 included severance charges of $715mn and impairment charges of $400mn. Chevron said foreign currency affects increased earnings by $722mn. Chevron […]

Exxon Eyes Production of 5.4 MMboe/d in 2030, Aided by Permian and Guyana Volumes

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 31.Jan.2025) — ExxonMobil Corporation has an eye on boosting upstream production to around 5.4 million barrels per day of oil equivalents (MMboe/d) in 2030 compared to 4.3 MMboe/d in 2024. This, as production was 4.6 MMboe/d in the fourth-quarter 2024 (4Q:24), up […]

Exxon Mobil Reports 4Q:24 Earnings of $7.6bn [PDF Download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Exxon Mobil Corporation announced fourth-quarter 2024 earnings of $7.6bn, or $1.72 per share assuming dilution. Cash flow from operating activities was $12.2bn and free cash flow (FCF) was $8bn. Capital and exploration expenditures, and cash capital expenditures were both $7.5bn in […]

EAI Reveals 2025 Editorial Calendar and SPAD Opportunities

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Jan.2025) — Energy Analytics Institute (EAI), formerly LatinPetroleum.com, revealed its editorial calendar for 2025, which offers sponsorship and advertising (SPAD) opportunities to companies interested in the energy sectors in the Latin America and Caribbean (LAC) region in particular and the global energy sectors […]

Hess Reports Massive 52% Increase in Net Guyana Production

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.Jan.2025) — Hess Corporation reported net oil production offshore Guyana in the Stabroek Block of 195,000 barrels per day (b/d) in the fourth-quarter 2024 (4Q:24), compared with 128,000 b/d in the 4Q:23. The higher production was primarily due to start-up of Payara, […]

Salunda Integrates Monitoring Solutions on 4 Rigs in Guyana

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Jan.2025) — UK-based Salunda, founded in 2013 and involved in providing digitized solutions for safety critical industries, integrated its Red Zone monitoring solutions on 4 drilling rigs in Guyana. The digitalized solutions utilize Intellilift’s proven digital technologies to deliver automated location and […]

CNOOC Limited Eyes Net Production of 2 MMboe/d in 2025

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Jan.2025) — CNOOC Limited announced its business strategy and development plan for the year 2025. CNOOC eyes its net production will exceed 2 million barrels of oil equivalent per day (MMboe/d) in 2025. The net production target for is 760-780 MMboe in 2025, of which, […]

EVENT: Unlocking the Potential of Suriname

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Jan.2025) — Under the theme “Unlocking the Potential of Suriname: A Path Towards Growth and Prosperity,” IBC 2025 in Paramaribo will bring together local and international stakeholders for a three-day B2B conference. The event will highlight investment opportunities, showcase innovative solutions, and foster […]

FACT SHEET: $30.25/bbl Breakeven for First 4 Stabroek Developments Offshore Guyana

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 9.Jan.2025) — Not even crude oil prices down to $35/bbl will impact the ability of 4 projects offshore Guyana to produce positive returns. To be more exact, the first 4 projects in the prolific Stabroek Block being developed by operator ExxonMobil Corporation, […]

GMIN Receives IEP for the Oko West Gold Project in Guyana

(Piero Stewart, Energy Analytics Institute, 7.Jan.2025) — G Mining Ventures Corp. (GMIN) received an interim environmental permit (IEP) from Guyana’s Environmental Protection Agency (EPA) in response to its Environmental Impact Assessment (EIA) and Environmental Impact Statement (“EIS”) submissions (jointly, “ESIA”) made in Nov. 2024 for the company’s Oko West Gold Project. The […]

Protected: Staatsolie Eyes Raising $2.6bn to Enter GranMorgu Project

There is no excerpt because this is a protected post.

EAI 4Q:24 NRG Prospector [FREE PDF Download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Jan.2025) — Download the 4Q:24 NRG Prospector eMagazine with updates, analysis, features, briefs and “heard on the street” from Argentina, Brazil, Bolivia, Canada, Chile, Colombia, Ecuador, Guyana, Mexico, Suriname, Trinidad and Tobago, the US and Venezuela, as well as Asia, Europe and Africa […]

EAI’s NRGBriefs Dec. 2024: Exxon Guyana, Venture Global IPO, Rio Tingo Argentina

(Energy Analytics Institute, 31.Dec.2024) — Energy briefs as well as others related to finance and projects during Dec. 2024 including Venture Global filing for IPO; Rio Tinto approving $2.5bn to expand the Rincon project in Argentina; ExxonMobil, with the announcement of the Hammerhead and Longtail projects offshore Guyana, looking to […]

EAI Andean NRG Dashboard 4Q:24 [PDF Download]

(Energy Analytics Institute, 28.Dec.2024) — Energy Analytics Institute‘s Andean NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela, Trinidad and Tobago and the Caribbean. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]

ExxonMobil Completes Purchase of FPSO Liza Destiny Offshore Guyana

(Piero Stewart, Energy Analytics Institute, 19.Dec.2024) — SBM Offshore and Exxon Mobil Corporation affiliate ExxonMobil Guyana Ltd. completed a transaction related to the purchase of the Liza Destiny floating production storage and offloading (FPSO) unit. The transaction occurred ahead of the maximum lease term, which would have expired in Dec. […]

Exxon-led Consortium Offshore Guyana Brings Money, Builds Production

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Dec.2024) — ExxonMobil Corporation, with the previous announcement of the Hammerhead and Longtail projects offshore Guyana, looks to take the total number of developments producing in the prolific deepwater offshore Stabroek Block to 8 by 2030. Hammerhead could start producing by 2029, assuming […]

ExxonMobil Reveals 2030 Corporate Plan, Eyes Capex of $27bn-$29bn in 2025

(ExxonMobil, 11.Dec.2024) — ExxonMobil announced its Corporate Plan to 2030, creating a platform to further extend the company’s track record of delivering leading shareholder value. The plan reflects the company’s strategy to leverage its unique set of competitive advantages and unrivaled opportunities to create significant upside potential for shareholders. The […]

Guyana’s Pick of US Startup Faces Hurdles to Tap Vast Gas Reserves

(Reuters, 25.Nov.2024) — Guyana’s dreams of developing its vast natural gas resources are stuck on the drawing board five months after it picked a little-known U.S. startup, Fulcrum LNG, to develop an export project that could cost up to $30 billion. Guyana has one of the fastest-growing economies in the […]

SBM Offshore Completes $1.5bn FPSO Jaguar Financing

(Piero Stewart, Energy Analytics Institute, 21.Nov.2024) — SBM Offshore completed the project financing of the floating production storage and offloading (FPSO) vessel Jaguar for a price of $1.5bn. The project financing was fully secured by a consortium of 16 international financial institutions, SBM said 21 Nov. 2024 in an official […]

High-impact Exploration Could Cut Scope 1 and 2 Emissions by 6% in 2030

(WoodMac, 21.Nov.2024) — Investment in oil and gas exploration has plummeted two-thirds in the last decade, but the industry still has a critical role to play in decarbonisation efforts and providing advantaged barrels in the energy transition, according to the latest Horizons report from Wood Mackenzie. According to the report, […]

LatAm NRG Matters: Highlights, Heard for the Week Ended 15 Nov. 2024

(Energy Analytics Institute, 15.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 15 Nov. 2024. —Argentina: The Argentine govt changed the name of the Gasoducto Néstor Kirchner to Gasoducto Perito Moreno. —Ecuador: Ecuador eyes exporting 7,920,000 bbls between Nov. 2024-Jan. 2015, which will generate […]

Exxon, Hess and CNOOC Hit 500 MMbbls Milestone Offshore Guyana

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Nov.2024) — ExxonMobil Guyana Limited and its Stabroek Block co-venturers, Hess Corporation and CNOOC reached an offshore oil production milestone of 500 million barrels of oil in under 5 years. “Our unrivaled success in developing Guyana’s oil resources at an industry-leading pace, […]

LatAm NRG Matters: Highlights, Heard for the Week Ended 8 Nov. 2024

(Energy Analytics Institute, 8.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 8 Nov. 2024. —Argentina: YPF execs. met in Buenos Aires w/ the Chancellor of Hungry to discuss the Argentina LNG project. —Ecuador: Ecuador is looking to acquire 195MW from private cos. in […]

Frontera Reports 3Q:24 Results, Updates on LatAm Portfolio (PDF Download)

(Frontera, 6.Nov.2024) — Frontera Energy Corporation reported financial and operational results for the third quarter ended 30 Sep. 2024. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera remains focused on the execution […]

Noble Reports 3Q:24 Results, Updates on Diamond (PDF Download)

(Noble, 5.Nov.2024) — Noble Corporation plc reported third-quarter 2024 (3Q:24) results. The company also announced an increased capital return program with additional share repurchase authorization of $400mn, and provided revenue, adjusted EBITDA and capital additions guidance for the 4Q:24 along with other details. ____________________

Guyana and Suriname Could Provide 12 mmtpa of LNG in the 2030s

(Wood Mackenzie, 4.Nov.2024) — Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from Wood Mackenzie. According to Wood Mackenzie’s report “Can Guyana and Suriname LNG compete against new global supply?”, Guyana and Suriname […]

LatAm NRG Matters: Highlights, Heard

(Energy Analytics Institute, 1.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 1 Nov. 2024. —Argentina: Citigroup downgraded Pampa Energia to neutral from buy, adjusted its price target to $75/shr v $58/shr; Citigroup also upgraded YPF to buy from neutral, adjusted its price target […]

Chevron Eyes More Non-core Asset Divestments, Wirth Says

(Energy Analytics Institute, 1.Nov.2024) — California-based Chevron Corporation plans to continue to divest non-core assets as part of its ongoing portfolio optimization efforts. This, as the Federal Trade Commission (FTC) completed its review of Chevron’s merger with New York City-based Hess Corporation, and as the company recently announced several other […]

ExxonMobil Reports 3Q:24 Earnings of $8.6bn (PDF Downloads)

(ExxonMobil, 1.Nov.2024) — Exxon Mobil Corporation announced third-quarter 2024 earnings of $8.6bn, or $1.92 per share assuming dilution. Cash flow from operating activities was $17.6bn and free cash flow was $11.3bn. Capital and exploration expenditures were $7.2bn in the third quarter, bringing year-to-date 2024 expenditures to $20bn, in line with […]

Chevron Reports 3Q:24 Details, Updates on Hess Merger (PDF Downloads)

(Chevron, 1.Nov.2024) — Chevron Corporation reported earnings of $4.5bn ($2.48 per share – diluted) for third quarter 2024, compared with $6.5bn ($3.48 per share – diluted) in third quarter 2023. Foreign currency effects decreased earnings by $44mn. Adjusted earnings of $4.5bn ($2.51 per share – diluted) in third quarter 2024 […]

Hess Says its Net Production in Guyana in the 3Q:24 Rose 57% YOY

(Energy Analytics Institute, 30.Oct.2024) — New York City-based Hess Corporation said its net production in the prolific Stabroek Block offshore Guyana was 170,000 b/d in the third-quarter 2024 (3Q:24), up 57% year-over-year compared to 108,000 b/d in the 3Q:23. Higher production in the 3Q:24 was primarily due to the start-up […]

Hess Reports Higher 3Q:24 Adj. Net Income, Higher Bakken Output (PDF Download)

(Hess, 30.Oct.2024) — Hess Corporation reported net income of $498mn, or $1.62 per share, in the third quarter of 2024, compared with net income of $504mn, or $1.64 per share, in the third quarter of 2023. On an adjusted basis, the corporation reported net income of $660mn, or $2.14 per […]

CNOOC Reports Record High Net Production and Net Profit in 3Q:24

(CNOOC Limited, 28.Oct.2024) — CNOOC Limited and 80883 announces its operating results for the third quarter of 2024. In the first three quarters of 2024, CNOOC Limited continued to increase its reserves and production, while effectively controlling costs and enhancing efficiency. Net production and net profit rose remarkably year over […]

Aris Mining Prices $450mn Senior Notes Offering

(Energy Analytics Institute, 24.Oct.2024) — Aris Mining Corporation priced its offering of 8.000% Senior Notes due 2029. The offering, which was for $450mn, is expected to close on or about 31 Oct. 2024, said Aris, a gold miner in the Americas, in an official statement posted on its website on […]

Guyana’s President Ali Discusses National Healthcare Vision in Panel Session

(Hess Corp., 24.Oct.2024) — Guyana’s progress in building a model national healthcare system was the focus of a recent panel discussion at the Concordia Annual Summit in New York City. The panel featured Guyana’s President, H.E. Dr. Mohammed Irfaan Ali, who was joined by Hess Corporation CEO John Hess and […]

MODEC Completes Errea Wittu Hull Assembly

(Energy Analytics Institute, 23.Oct.2024) — MODEC, Inc. successfully completed the hull block assembly for the Errea Wittu FPSO 40 days ahead of the original schedule. The vessel to be designated for Guyana is under construction at the shipyard in China and is expected to start oil production in 2026, MODEC […]

SLB Reports Rise in LatAm Revenues in 3Q:24 [PDF Downloads]

(Energy Analytics Institute, 18.Oct.2024) — SLB announced that its revenue in Latin America reached $1.69bn in the third-quarter 2024, down 3% sequentially, reflecting lower production system sales in Brazil and reduced drilling activity in Mexico and Guyana. Year over year, SLB said 18 Oct. 2024 in its official third-quarter 2024 […]

LatAm NRG Matters: Highlights, Heard

(Energy Analytics Institute, 11.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 11 Oct. 2024. —Argentina: YPF S.A. continues to search the world over for potential partners to enter into the Argentina LNG project to be domiciled in Punta Colorada, execs. w/ the state […]

Hess Gets HSR Clearance for Chevron Merger

(Hess, 30.Sep.2024) — Hess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. “We are very pleased that our merger with Chevron has cleared this significant regulatory hurdle,” said CEO John Hess. “This transaction continues to be an outstanding deal […]

Chevron Agrees Hess CEO Will Not Join Board in Deal with US Regulator, Bloomberg Reports

(Reuters, 26.Sep.2024) — U.S. energy major Chevron has agreed Hess CEO John Hess will not join its board in an agreement with the U.S. Federal Trade Commission to proceed with the $53 billion takeover deal, Bloomberg News reported on Thursday citing people familiar with the matter. The proposed all-stock acquisition, […]

FTC Set to Greenlight Chevron’s $53bn Buy of Hess

(Reuters, 24.Sep.2024) — The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron‘s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil‘s challenge to the $53 billion deal as its final hurdle. The proposed merger was first announced […]

Groete Gold Project Permit Update

(Energy Analytics Institute, 17.Sep.2024) — Gold Port Corporation revealed that the 100% owned claim group comprising the Groete Gold Copper Project has been renewed for the ensuing year by the Guyana Geology and Mines Commission. The three mining permits total 1,384 hectares and are now in effect until Jul. 2027. During this […]

Noble Corp. Closes Diamond Acquisition

(Noble, 4.Sep.2024) — Noble Corporation plc announces the completion of its acquisition of Diamond Offshore Drilling, Inc. This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2bn of backlog. Following completion of the acquisition of Diamond, […]

Exxon Plans New Guyana Oil Project to Lift Output Into 2030s

(Bloomberg, 18.Jul.2024) — Exxon Mobil Corp. took the first step toward its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude output from the South American nation into the next decade. The Hammerhead project will pump as much as 180,000 barrels a day as soon as […]

ExxonMobil’s 7th Project Could Push Guyana’s Output Beyond 1.5 MMb/d by 2029

(DPI, 16.Jul.2024) — The Environmental Protection Agency (EPA) has commenced the review of an application from ExxonMobil Guyana to develop a seventh oil project at the Hammerhead field in the Stabroek Block. According to the project summary on the agency’s website, this project is expected to add 120,000 to 180,000 barrels […]

Monitoring of Offshore Produced Formation Water Releases

(EPA, 15.Jul.2024) — Produced Formation Water (PFW), sometimes called Produced Water (PW) is water trapped in underground formations that is brought to the surface during oil and gas extraction. This water has been in contact with the hydrocarbon-bearing formation and as a result, contains some of the chemical characteristics of […]

Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s

(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]

Exxon-Hess Arbitration Panel Incomplete, Hess Sale to Chevron Stalled

(Reuters, 20.Jun.2024) — A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed, stalling a decision on whether Exxon Mobil has a right of first refusal over Hess’ Guyana operations. The third and final arbitrator has not […]

Fulcrum LNG Named to Help Guyana Develop its Gas Resources

(Reuters, 20.Jun.2024) — U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday. The company’s proposal was selected from among 17 submitted to Guyana for the […]

SEOGS: The Next Stage of Success

(SEOGS, 3.Jun.2024) — Taking place from 4-7 Jun. 2024, SEOGS will be hosted by Staatsolie under the theme: The Next Stage of Success. SEOGS is the market leading energy and offshore event in Suriname and one the largest energy events in the Caribbean attracting a regional and international audience. With the first developments on the […]

Hess Corp. Receives Stockholder Approval for Proposed $53bn Merger with Chevron

(Hess Corporation, 28.May.2024) — Hess Corporation (NYSE: HES) has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders held today, a majority of the outstanding shares of Hess common stock were voted in favor of the adoption of the […]

MODEC Updates on FPSO Errea Wittu

(Go Integrated Group, 26.May.2024) — MODEC recently announced that the keel laying for the FPSO Errea Wittu hull has been completed five weeks ahead of schedule. This is an important achievement for the vessel which will operate at the $12.7bn Uaru project, the fifth oil development in the ExxonMobil-operated Stabroek […]

John Hess Personally Calls Investors to Support Chevron Deal Before Vote

(Bloomberg, 22.May.2024) — John Hess, the boss of the oil company that bears his family name, is talking to directly with shareholders in a last-ditch effort to ensure enough support for a $53 billion takeover by Chevron Corp., according to people familiar with the matter. The Hess Corp. chief executive […]

Glass Lewis Urges Hess Shareholders to Vote for Chevron Deal

(Hess, 20.May.2024) — Hess Corporation (NYSE: HES) announced that independent proxy voting and corporate governance advisory firm Glass, Lewis & Co. has recommended that Hess shareholders vote FOR the proposed merger with Chevron. In its report, Glass Lewis notes “the strategic and financial merits of the proposed merger are sound and reasonable” and that […]