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Nov. 11 (oilnow.gy) Japan’s MODEC earned more construction revenue from ExxonMobil’s Hammerhead project offshore Guyana in the first nine months of 2026, the company said in its November 10 investor presentation. Group revenue rose 10.1% to US$3.69 billion, while profit attributable to shareholders increased 24.8% to US$306.5 million. MODEC said revenue from Hammerhead and Shell’s... Continue Reading →
Oct. 27 (oilnow.gy) Noble Corporation reported a net loss of US$117 million in the third quarter of 2026, widening from US$37 million in the preceding quarter, as a sharp increase in income tax expenses outweighed its pretax earnings. The drilling contractor published its earnings on October 26, 2026. The offshore drilling contractor recorded an income... Continue Reading →
Oct. 26 (oilnow.gy) SBM Offshore has ordered 12 additional Fast4Ward hulls since allocating the first unit to Guyana’s Liza Unity FPSO. The expansion has supplied floating production projects across Guyana, Brazil, and Suriname, while keeping hulls available for future contracts. The orders show how SBM Offshore has developed its approach to FPSO construction: commission standardized... Continue Reading →
Oct 23 (Reuters) - In a windy, remote oilfield in Argentina, Chevron is bringing in US workers, equipment and expertise, betting it can recreate the Permian Basin shale boom that transformed the US oil industry two decades ago, this time in the Vaca Muerta formation, where success has long been elusive. The US oil producer... Continue Reading →
Oct. 21 (msn.com) ExxonMobil (XOM) is nearing completion of its seismic data acquisition program offshore Trinidad and Tobago, marking a key milestone in the company’s first year of exploration activities under its production sharing contract, and is expected to drill an exploration well in 2028, Energy Minister Roodal Moonilal said Tuesday. With the seismic campaign... Continue Reading →
Oct. 19 ( Guyanachronicle.com) GUYANA has secured another significant international economic milestone, with the Organisation for Economic Co-operation and Development (OECD) upgrading the country’s risk classification from Category Five to Category Four, a development expected to reduce the cost of certain types of international financing and strengthen access to funding for major development projects. The... Continue Reading →
Oct. 19 (oilnow.gy) ExxonMobil is evaluating wells near its Ranger discovery offshore Guyana for possible tiebacks to a future development, with Rockhead among the wells drilled this year. John Ardill, ExxonMobil’s vice president, outlined the work in a LinkedIn post. The exploration and appraisal program is gathering subsurface data to assess a commercial development in... Continue Reading →
Oct. 17 (oilnow.gy) Guyana’s Uaru Gold crude is expected to enter the market in December with a quality profile closely resembling the country’s first-produced Liza grade, according to preliminary assay data reviewed by Platts, part of S&P Global Energy, on October 14. The new grade is expected to have an American Petroleum Institute (API) gravity... Continue Reading →
Oct. 17 (oilnow.gy) Guyana’s first competitive oil auction offered more shallow water blocks than deep water acreage. Eleven of the 14 blocks were in shallow water, and six were selected for negotiations in October 2023. The round, launched in December 2022 and closed in September 2023, formed part of efforts to attract additional operators to... Continue Reading →
Oct 15 (Reuters) - ExxonMobil has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said. Guyanese officials are now weighing whether to shrink a planned LNG project or skip exports... Continue Reading →
