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The US$12.7 billion Whiptail development is targeting an estimated resource base of more than 850 million barrels of oil, Hess Corporation said. The project will utilize the Jaguar floating production, storage and offloading (FPSO) vessel, to be delivered by...

ExxonMobil has awarded contracts to SBM Offshore to build and deploy the Jaguar floating production, storage and offloading (FPSO) vessel for the Whiptail development at Guyana’s Stabroek Block.  Under the terms of the agreement, ownership of the Jaguar vessel will...

Mega project to start-up in 2027 The final investment decision (FID) for ExxonMobil’s sixth Stabroek Block development, Whiptail, has been made, the company announced on Friday.  The project, after ramping up, will add 250,000 barrels of oil per day to Guyana...

Guyana's Natural Resource Fund closed the first quarter of 2024 with US$2.36 billion (approximately GY$492 billion), according to a March report from the Bank of Guyana. The Fund’s overall balance, in March, registered a negligible shift from the US$2.36 billion...

SBM Offshore's subsidiary, Guyana Deepwater Operations Incorporated (GDO), is seeking a supplier to provide flights between Guyana and Suriname to connect crew members with KLM International flights to Amsterdam, Netherlands. The scope of service outlines key areas including the provision...

The Guyana government estimates a ruling by the International Court of Justice (ICJ) could come by the end of 2025, in the case concerning the Arbitral Award of 3 October 1899 (Guyana v. Venezuela).  “The timeline… with Venezuela fully participating...

Switzerland advocated for orders of the International Court of Justice (ICJ) to be respected, during a special April 9 meeting of the United Nations Security Council (UNSC) on the Guyana/Venezuela territorial controversy. According to the official X account (formerly Twitter)...

The forthcoming Local Content Summit, slated for April 16, 2024, at the Pegasus Suites and Corporate Centre, is gearing up to be a watershed event in the discourse advancing Guyanese participation in the oil and gas sector. Under the...

Trinidad-focused energy company Touchstone Exploration reported average net sales volumes of 7,015 barrels of oil-equivalent per day (boe/d) in the first quarter of 2024.  It said Cascadura contributed average net sales volumes of 5,389 boe/d. This consists of net natural...

Energy behemoth BP informed investors on Tuesday that its oil and gas production likely surged in the first three months of this year, even as prices for these commodities experienced a downturn. The oil major disclosed that production is projected...