Exxon CEO slams EU sustainability law as threat to oil and gas industry
The head of Exxon Mobil, Darren Woods, is urging European lawmakers to roll back a landmark climate rule, warning it will hurt…
Category: OIL & GAS
Oil revenues shielding Guyana from climate debt – Pres. Ali
President Dr. Irfaan Ali has made it clear that without the new stream of revenue from oil production, the worsening global temperature…
ExxonMobil says over GY$600B spent with local businesses since 2015
ExxonMobil Guyana says it has pumped more than GY$600 billion into the local economy through spending with Guyanese businesses since operations began…
Global oil production falling faster, new investment critical – IEA report warns
The International Energy Agency (IEA) is warning that the world’s oil and gas production is slipping faster than before, and without steady…
Exxon expands into the battery market while maintaining fossil fuel dominance
ExxonMobil, the oil giant known in Guyana for its massive offshore oil operations, is pushing deeper into the global energy transition while…
Guyana’s Oil Boom Spurs New Offshore Support Contract with Dutch Firm
Guyana’s oil industry continues to expand rapidly, with Netherlands-based marine services provider Smit Lamnalco securing a major multi-year contract from US supermajor…
ExxonMobil Signs Landmark $21.7B Deepwater Deal with Trinidad and Tobago
ExxonMobil has sealed a historic production-sharing contract with the Government of Trinidad and Tobago, marking its return to the country’s offshore sector…
Global Subsea Tree Orders Slump, but Guyana Remains a Key Growth Engine
Global Subsea Tree Orders Slump, but Guyana Remains a Key Growth Engine Global orders for subsea tree units — critical components of…
Gov’t confirms 20% relinquishment of Stabroek Block by ExxonMobil
The Government of Guyana, through the Ministry of Natural Resources (MNR), has confirmed that the 20 per cent relinquishment of the Stabroek…
MARAD, Emergency teams respond to oil spill from bulk carrier at Demerara Sugar Terminal
See below full statement from the Maritime Administration Department: The Maritime Administration Department (MARAD) is responding to an oil spill incident involving the…
