Browsing Tag
Stabroek Block
21 posts
Chevron (NYSE: CVX) earnings fall to $2.8bn in Q4 2025 as record output meets lower oil prices
Chevron’s 2025 earnings fell 30% despite record output and Hess gains. Find out how it plans to defend margins and dividends in a tougher oil market.
January 30, 2026
Guyana’s oil boom accelerates as ExxonMobil sanctions Hammerhead with 150,000 bpd capacity
ExxonMobil’s $6.8B Hammerhead project in Guyana will add 150,000 bpd by 2029, boosting Stabroek capacity to 1.5m bpd and reshaping global offshore growth.
September 23, 2025
Whiptail on the horizon — Can ExxonMobil sustain its record pace of FPSO deployments in Guyana?
ExxonMobil advances Whiptail, Guyana’s fifth offshore oil project, targeting 250,000 bopd. Can the operator keep its record of fast, under-budget FPSO delivery?
August 20, 2025
Chevron’s quiet win in Guyana — how the Hess acquisition locks in decades of low-cost barrels
Chevron secures Guyana’s prized Stabroek Block stake via Hess deal, unlocking decades of low-cost oil production and reshaping its upstream portfolio.
August 14, 2025
Yellowtail starts pumping ahead of schedule — can ExxonMobil keep Guyana’s oil boom on track?
ExxonMobil Guyana starts Yellowtail oil production four months early, boosting capacity past 900,000 bopd and reinforcing deepwater growth plans.
August 13, 2025
Chevron closes Hess Corporation acquisition to create oil & gas powerhouse
Chevron completes acquisition of Hess Corporation, gaining key assets in Guyana and Bakken; deal expected to boost free cash flow and shareholder returns.
July 18, 2025
Chevron-Hess merger clears FTC hurdle amid arbitration challenge
The U.S. Federal Trade Commission (FTC) has granted conditional clearance for Chevron Corporation’s $53 billion acquisition of Hess…
January 20, 2025
SBM Offshore completes $1.5bn financing for FPSO Jaguar construction
Dutch floating production solutions provider SBM Offshore has announced the completion of $1.5 billion in project financing for…
November 24, 2024
ExxonMobil confirms contract with SBM Offshore for FPSO Jaguar in Stabroek Block
SBM Offshore has officially announced the contract award by ExxonMobil Guyana Limited (EMGL) for the construction and installation…
April 14, 2024
ExxonMobil advances Whiptail development with $12.7bn investment in Guyana
ExxonMobil has announced a final investment decision on the Whiptail development project located offshore Guyana in the Stabroek…
April 14, 2024