Guyana Archives - Energy Analytics Institute (EAI)

ExxonMobil 2Q:26 key takeaways; Guyana production capacity to rise in 4Q:26

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 31.Jul.2026, Words: 202) — ExxonMobil Holdings Corporation reported second quarter 2026 (2Q:26) earnings of $14.5bn and adjusted earnings of $14.7bn. Cash flow from operating activities was $23.6bn and free cash flow (FCF) was $17.2bn. Other highlights from the 2Q:26 follow: — […]

Guyana: execution excellence and technology accelerate development

SPRING, TEXAS (By ExxonMobil, 31.Jul.2026, Words: 439) — Guyana provides a clear example of how execution excellence and technology can accelerate development and improve project economics, ExxonMobil CEO Darren Woods said during the company’s second quarter 2026 webcast. “In little more than a decade, the Stabroek Block moved from discovery to […]

PRESS DIGEST 31 JUL 2026: Chevron VEN; 5th Guyana FPSO sails; PEMEX 2Q:26 results

CARACAS, VENEZUELA (By Energy Analytics Institute, 31.Jul.2026, Words: 665) — The following briefs span company details on AZIO AI Holdings, Inc., Enbridge, Petróleos Mexicanos (PEMEX), Canada’s Ministry of Environment, Climate Change and Nature, Canada Nickel Company Inc., ExxonMobil, Petroindependencia, S.A., Petropiar, S.A., Chevron Corporation, OXY, and Hess Corporation, among others. RELATED: […]

ExxonMobil says entitlement to reduce 3Q:26 Guyana output by 100,000 b/d

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 31.Jul.2026, Words: 154) — ExxonMobil said production in Guyana in the third quarter 2026 will be lower owing to entitlement volumes. “The Guyana production-sharing rebalance will reduce ExxonMobil’s net entitlement volumes by approximately 100,000 barrels per day in the quarter,” Exxon […]

Exxon: Guyana co-venturers have invested over $55bn since 2014

SPRING, TEXAS (By Exxon, 31.Jul.2026, Words: 323) — The Guyana production- sharing agreement follows a structure commonly used in the industry: the co-venturers fund all exploration and development and recover those costs over time from a portion of production. In any period, after a royalty on gross production is paid […]

Accepting the ICJ’s jurisdiction would validate an 1899 award: Rodríguez

CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 16.Jun.2026, Words: 300) — Venezuela’s interim president Delcy Rodríguez emphasized the OPEC country does not recognize the International Court of Justice or ICJ’s jurisdiction over the Essequibo region territorial dispute. During a meeting on 16 Jun. 2026 at Miraflores Palace — attended by Venezuela’s […]

Venezuela objects to new claims from Guyana related to the Essequibo

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 27.May.2026, Words: 235) — Venezuela categorically rejects what it labels as “the provocative and delusional statements” issued by Guyana’s president Irfaan Ali related to the Guayana Essequibo. According to Venezuela, Ali continues to falsely claim the area is under his administration, This, […]

Venezuela continues in defense of the Essequibo region, Rodríguez says during Expo

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 14.May.2026, Words: 238) — Venezuela’s interim president Delcy Rodríguez affirmed defense of the Essequibo region unites all Venezuelan citizens. This, during her participation in the inauguration of the 4th National Buffalo, Goat, and Sheep Expo 2026 in Venezuela where she presented a […]

ANALYSIS: PetroCaribe 2.0? Venezuela, Delcy and the future of oil diplomacy in the Caribbean

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 12.May.2026, Words: 2087) — As Caracas courts Caribbean partners again — signaled most recently by a new deal with Barbados — Venezuela’s interim leader Delcy Rodríguez appears to be testing the waters for a PetroCaribe reboot. But any “PetroCaribe 2.0” will operate […]

PRESS DIGEST 11 MAY 2026: Aid for CUBA; Vista Vaca Muerta; PEMEX-PETROBRAS collab

MONTERREY, MEXICO (By editors with Energy Analytics Institute, 11.May.2026, Words: 319) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on Vista, Equinor, YPF SA, PEMEX, PETROBRAS, among others. Energy Analytics Institute (EAI) has not verified […]

Delcy defends Venezuela’s position on the Essequibo territory, says Guyana acting unfairly

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 11.May.2026, Words: 325) — Venezuela’s interim president Delcy Rodríguez participated in the oral hearing before the International Court of Justice (ICJ) in The Hague, Netherlands, to defend Venezuela’s historical rights over the Essequibo territory. The interim president stated she appeared before the […]

Venezuela’s Yván Gil denounces new arguments from Guyana regarding the Essequibo

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 9.May.2026, Words: 108) — Venezuela reaffirmed that direct negotiation is the only path to peace. This, regarding its long-standing dispute with Guyana over the Essequibo.

Exxon Mobil eyes output of 4.1-4.3 MMboe/d in 2Q:26

ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 1.May.2026, Words: 186) — ExxonMobil Corporation expect second quarter 2026 (2Q:26) production of 4.1 to 4.3 million oil-equivalent barrels per day (MMboe/d). This assumes the Strait of Hormuz closure persists for the entire quarter. “Relative to 2025, this has an impact of approximately […]

PRESS DIGEST 1 MAY 2026: Exxon and Chevron 1Q:26 results; XOM 5th GUY FPSO

MONTERREY, MEXICO (By editors with Energy Analytics Institute, 1.May.2026, Words: 405) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on Chevron Corporation, Exxon Mobil Corporation, and Silver Viper Minerals, among others. Energy Analytics Institute (EAI) […]

Noble highlights backlog, extension with PETROBRAS, contract with ExxonMobil Guyana

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 26.Apr.2026, Words: 467) — Noble Corporation’s fleet of 24 marketed floaters was 68% contracted during the first quarter 2026 (1Q:26) compared with 62% in the 4Q:25. Recent contract awards since last quarter have added approximately 5 rig years of new floater backlog. Recent […]

Halliburton’s Latin America segment reports strong 1Q:26 revenue, up 22% v 1Q:25

ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 21.Apr.2026, Words: 283) — Halliburton Company said its Latin America (LatAM) revenue in the first quarter 2026 (1Q:26) was $1.1bn, up 22% compared to the 1Q:25. This increase was primarily driven by higher activity across multiple product service lines in Ecuador, the Caribbean, […]

PRESS DIGEST 15 APR. 2026: fracking in MEX; URU inflation; YPF to divest Metrogas

MONTERREY, MEXICO (By editors with Energy Analytics Institute, 15.Apr.2026, Words: 552) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on UNAM, UAM, IPN, UANL, UAdeC, IMTA, IMP, and ICAyCC, among others. Energy Analytics Institute (EAI) […]

Guyana’s president Irfaan Ali and Trinidad’s PM Persad-Bissessar talk bilateral trade

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 13.Apr.2026, Words: 226) — Guyana’s president Mohamed Irfaan Ali, and Trinidad and Tobago’s prime minister of Trinidad and Tobago Kamla Persad-Bissessar held bilateral discussions in Trinidad. Both leaders agreed on a development, trade, and economic agenda that would see enhancement of each […]

PRESS DIGEST 11 APR. 2026: TTO and GUY bilateral talks; US sanctions on BCV

MONTERREY, MEXICO (By editors with Energy Analytics Institute, 11.Apr.2026, Words: 323) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span country specific updates from the US, Trinidad and Tobago and Guyana to Venezuela, among others. Energy Analytics Institute […]

Guyana oil production averaged 918,000 bpd in February-government

GEORGETOWN, GUYANA (By Reuters, 30.Mar.2026, Words: 156) — Guyana produced an average of 918,000 barrels of oil per day (bpd) in February, government data showed on Monday, a slight rise from the 915,000 bpd produced in January. Both figures are a significant increase from average 2025 production of 716,000 bpd, […]

Venezuela comments on 3D seismic plan announced by Guyana

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 11.Mar.2026, Words: 205) — Venezuela “categorically rejects the announcement made by the government of Guyana regarding the commencement of a 3-dimensional seismic exploration campaign in maritime areas that Guyana unilaterally intends to present as part of its alleged “exclusive economic zone.” RELATED: […]

Viridien and BGP ink deal with Guyana for multi-client shallow water 3D seismic program

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 11.Mar.2026, Words: 225) — Viridien and BGP have entered into an agreement with the Ministry of Natural Resources of the Cooperative Republic of Guyana to launch a massive multi-client 3D seismic acquisition and imaging program across the shallow water acreage lots 2, […]

ANALYSIS: David vs Goliath: Guyana and Venezuela race toward 1.5 MMb/d

BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 6.Mar.2026, Words: 732) — Two very different oil stories are converging on the same symbolic number: 1.5 million barrels per day (MMb/d). Tiny Guyana, a new entrant to the global oil stage, and Venezuela, a founding OPEC member with the world’s largest oil reserves […]

EAI brief: Chevron details 2025-2030 project activities from Angola to Guyana [info. graph]

BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 25.Feb.2026, Words: 95) — Chevron Corporation eyes continued 2025-2030 major capital project activity from 2025-2030 spanning from Africa to South America and beyond. This, according to new details revealed to investors in a Feb. 2026 presentation.

EAI brief: Chevron Corp. eyes growth in Argentina, Guyana and Venezuela

BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 25.Feb.2026, Words: 149) — Chevron Corporation eyes future production growth in Argentina, Guyana and Venezuela, according to new details revealed to investors in a Feb. 2026 presentation. RELATED: BP’S EVP BIRRELL SAYS TRINIDAD AND TOBAGO DISCOVERIES MOVE UP IN QUEUE Argentina

Frontera inks deal with Geopark to divest its Colombian E&P assets portfolio for $622mn

CALGARY, ALBERTA (By Frontera, 30.Jan.2026, Words: 1,480) — Frontera Energy Corporation entered into a definitive agreement with Geopark Limited for the divestment of Frontera Petroleum International Holdings B.V. for an equity value of up to $400mn, including $375mn payable upon closing and a $25mn contingent payment payable upon the achievement of certain […]

Noble reveals awards totaling $1.3bn, updates on Guyana, Trinidad and Suriname operations

MEXICO CITY, MEXICO and HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 26.Jan.2026, Words: 610) — Noble Corporation plc announced new contract awards for 9 rigs comprising approximately $1.3bn of backlog, including a 3-year contract for the harsh environment semisubmersible Noble GreatWhite, which will expand the company’s existing Norway presence into […]

Guyana’s gas bottling and fertilizer plants central to cost-of-living strategy, says PM Phillips

GEORGETOWN, GUYANA (By DPI, 18.Jan.2026, Words: 435) — The proposed gas bottling and fertilizer plants in Wales are central to the government’s cost-of-living strategy, aimed at delivering cheaper cooking gas and lower food prices, prime minister Brigadier (ret’d) Mark Phillips said on Sunday. He was speaking on the ‘Starting Point’ […]

Guyana’s gas-to-energy project envisioned in 2 phases, according to PM Mark Phillips

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 18.Jan.2026, Words: 189) — Guyana’s gas-to-energy (GtE) project, which will source natural gas from the offshore Liza Destiny and Unity floating production, storage and offloading (FPSO) units, is expected to comprise 2 phases. This, according to Guyana’s prime minister Brigadier (ret’d) Mark […]

EAI brief: LatAm conflicts to watch in 2026 (from Colombia and Mexico to Venezuela)

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 1.Jan.2026, Words: 361) — Energy Analytics Institute (EAI) expects the Latin America and Caribbean (LAC) region to continue to confront tensions on the political front in 2026 and beyond. This, amid rising US tensions under Trump 2.0 as North American president Donald Trump […]

Guyana’s MNR and GGDMX eye stricter enforcement of mining sector

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 13.Dec.2025, Words: 383) — Guyana’s Ministry of Natural Resources (MNR), in collaboration with the Guyana Gold and Diamond Miners Association (GGDMA), convened a high-level discussion to hear and review concerns in the mining sector, including gold declarations. During the meeting held on […]

Aris Mining closes purchase of remaining 49% of Soto Norte from Mubadala

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 12.Dec.2025, Words: 240) — Aris Mining Corporation completed its previously announced purchase of the remaining 49% interest in the Soto Norte joint venture (JV) in Colombia from MDC Industry Holding Company LLC (Mubadala). With this, Aris Mining now owns 100% of the […]

Frontera executives Gabriel de Alba and Orlando Cabrales comment on 3Q:25 results

CALGARY, ALBERTA (By Frontera, 13.Nov.2025, Words: 2,300) — Frontera Energy Corporation reported financial and operational results for the third quarter ended 30 Sep. 2025. Gabriel de Alba, chairman of the board of directors and Orlando Cabrales, chief executive officer (CEO), Frontera, commented on the results. Gabriel de Alba, chairman of the […]

Frontera eyes possible meeting with Guyana government over arbitration

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 13.Nov.2025, Words: 433) — The government of Guyana has proposed 25 Nov. 2025 or 2 Dec. 2025, as possible dates for this meeting between Frontera Energy Corporation and its subsidiaries, Frontera Petroleum International Holding B.V., and Frontera Energy Guyana Holding Ltd. as […]

EAI brief: Guyana is key growth asset for Chevron, Morgan Stanley says

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 13.Nov.2025, Words: 115) — Post closing of the Hess Corporation deal, Guyana is a key growth asset for Chevron Corporation with leading cash margins (<$35/bbl breakeven). By 2030, 8 floating production, storage and offloading (FPSO) vessels are expected to be online, leading to over […]

G Mining Ventures reports strong 3Q:25 financial results

BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 12.Nov.2025, Words: 372) — G Mining Ventures Corp. (GMIN) reported its financial and operational results for the three and nine months ended 30 Sep. 2025. “The third quarter marked a defining period for GMIN. Tocantinzinho is now operating at steady state—delivering record […]

G Mining completes first drawdown on $350mn revolving credit facility

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 10.Nov.2025, Words: 191) — G Mining Ventures Corp. completed the first scheduled drawdown of $80mn under its $350mn revolving credit facility previously announced on 6 Oct. 2025, related to development and construction of it’s 100% owned Oko gold project in Guyana. Proceeds from […]

Gold Port Increases its Non-Brokered Private Placement

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 31.Oct.2025, Words: 340) — Gold Port Corporation announced that, due to high demand, it has increased its non-brokered private placement to up to 20,000,000 units at $0.075 per unit for gross proceeds of up to $1,500,000. RELATED: Gold Port selects Guyanese site access […]

Exxon eyes Guyana production surpassing 900,000 boe/d with Yellowtail

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 31.Oct.2025, Words: 253) — ExxonMobil Corporation’s Yellowtail project offshore Guyana was brought online in the third quarter 2025, 4 months ahead of schedule. As the largest of 4 Guyana developments to date, Yellowtail is expected to add an initial annual average production […]

CNOOC reports steady project progress in 3Q:25, output growth

HONG KONG (By CNOOC, 30.Oct.2025, Words: 392) — CNOOC Limited announced its operating results for the third quarter of 2025. In the first 3 quarters of 2025, CNOOC Limited continued to increase its reserves and production, achieving steady production growth from both domestic and overseas oilfields. The company remained cost […]

GMIN announces formal construction direction for Oko west gold project in Guyana

BROSSARD, QC (by G Mining, 23.Oct.2025, Words: 625) — G Mining Ventures Corp. (GMIN) announced its board of directors formally approved the commencement of full construction of its 100%-owned Oko west gold project in Guyana, following the completion of permitting and financing milestones. Additionally, GMIN is excited to provide a progress […]

EAI NRG Dashboard 13 Oct. 2025 [free pdf download]

BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 13.Oct.2025, Words: 2,000) — The Energy Analytics Institute (EAI) NRG Dashboard — a most read for investors, students, academics and energy executives among others interested or already following the Latin America and Caribbean (LAC) region energy sector in particular and the global energy […]

G Mining secures $387.5mn financing package to construct Oko West

BROSSARD, QC (By G Mining, 6.Oct.2025, Words: 633) — G Mining Ventures Corp. secured commitments for an initial $387.5mn financing package, with the potential to be increased by an additional $150mn beginning six months after closing, subject to lender approval. This financing package, which could total up to $537.5mn, provides the corporation […]

ExxonMobil Guyana awards TechnipFMC subsea contract for Hammerhead project

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 25.Sep.2025, Words: 160) — ExxonMobil Guyana Limited selected TechnipFMC to supply subsea production systems for its Hammerhead development in Guyana’s Stabroek block. The award is substantial with an estimated value between $250mn-$500mn.

Gold Port selects Guyanese site access contractor

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 23.Sep.2025, Words: 240) — Gold Port Corporation (GPO) selected Jaisingh’s Equipment Rental (JER) of Georgetown Guyana for the construction of road access to the Groete gold copper project. JER is a provider of heavy equipment and road construction services. The program will require […]

ExxonMobil Guyana expands capacity with $6.8bn offshore development Hammerhead

SPRING, TEXAS (By ExxonMobil, 22.Sep.2025, Words: 312) — ExxonMobil has made a final investment decision (FID) for the Hammerhead development offshore Guyana, after receiving the required regulatory approvals. Hammerhead, the seventh project on the Stabroek block, is anticipated to come online in 2029. The development will utilize a floating production […]

ExxonMobil takes $6.8bn FID on Hammerhead offshore Guyana

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 22.Sep.2025, Words: 112) — ExxonMobil Corporation announced a final investment decision (FID) related to its Hammerhead development offshore Guyana. The FID was taken after ExxonMobil received the required regulatory approvals.

ExxonMobil comments on local content and workforce development in Guyana

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 17.Sep.2025, Words: 215) — ExxonMobil Guyana and its contractors have spent over GY$600bn with Guyanese businesses since operations began in 2015. ExxonMobil official started production offshore Guyana in Dec. 2019. And, in the first-half 2025 (1H:25) alone, GY$87bn was spent directly […]

Aris Mining to join S&P/TSX Composite Index

HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 8.Sep.2025, Words: 331) — Aris Mining Corporation, as disclosed by S&P Dow Jones Indices on 5 Sep. 2025, said its common shares will be added to the S&P/TSX Composite Index prior to the open of trading on 22 Sep. 2025. The S&P/TSX Composite Index […]

Guyana’s president is to be sworn in for a second term as oil wealth transforms the nation

MEXICO CITY, MEXICO (By AP, 7.Sep.2025, Words: 393) — Guyana’s President Irfaan Ali was sworn in for a second term on Sunday after officially being declared winner of last week’s elections, as the small South American country reaps a windfall from offshore oil and gas production. The country’s electoral commission certified Ali’s […]