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Exxon, partners recover US$6.6 billion in Guyana oil costs in first half of 2025 – Finance Ministry reports

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ExxonMobil and its partners recovered about US$6.6 billion in costs from Guyana’s oil sector in the first half of 2025, the Ministry of Finance said in its mid-year report. The report, released on Monday, reflects the continued recouping of...
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Stabroek Block co-venturers’ US$100M prog. pushing sustainable development in Guyana hotspot

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The Greater Guyana Initiative (GGI) held its second annual Stakeholder Forum at the Guyana Marriott Hotel on October 31. The event brought together beneficiaries from all of Guyana's 10 Administrative Regions for a day of reflection, dialogue, and collaboration...
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TOFCO delivers largest fabricated jacket for Shell’s Manatee Gas project

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Trinidad Offshore Fabricators Company Limited (TOFCO) has completed the successful float-off of the Manatee Jacket – Row C, marking a key milestone in one of Trinidad and Tobago’s most significant offshore gas projects. The float-off took place on October 1...
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Chinese engineering giants among 12 groups vying to build natural gas facility in Guyana

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Twelve groups, including several major Chinese engineering firms, have submitted proposals to construct a natural gas liquids (NGL) storage and marine offloading facility in Guyana — a key component of the country’s landmark Gas-to-Energy project. The National Procurement and Tender...
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ExxonMobil to showcase Proxxima technology on upcoming Hammerhead FPSO

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ExxonMobil will put its new Proxxima materials to the test on the upcoming Hammerhead floating production, storage and offloading (FPSO) vessel, its seventh development in Guyana’s prolific Stabroek Block. Chairman and Chief Executive Officer Darren Woods made the disclosure during...
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Here’s everything you need to know about ExxonMobil’s proposed Longtail development 

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ExxonMobil’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated gas production. The project, which targets a final investment decision in 2026, is expected to operate for three decades and...
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Chevron CEO hails Guyana progress, praises team behind Yellowtail, Hammerhead projects

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Chevron’s Chairman and Chief Executive Officer, Mike Wirth, said the company is pleased with progress in Guyana following its acquisition of Hess Corporation’s assets.  Speaking during Chevron’s third-quarter 2025 earnings call, Wirth confirmed that the Yellowtail project began production during...
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TechnipFMC and DOF to host supplier forums in Guyana as subsea demand grows

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Two of ExxonMobil’s key subsea contractors — TechnipFMC and DOF Subsea — are set to host Supplier Engagement Forums in November as Guyana’s offshore oil industry continues to expand. Both events will take place at the Centre for Local...
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‘Discovery 6’ Supercomputer unlocks over US$1 billion in value from Guyana operations – ExxonMobil

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ExxonMobil has commissioned one of the world’s most powerful supercomputers, Discovery 6, to boost efficiency and accelerate data analysis across its global portfolio, including its offshore operations in Guyana. Developed with Hewlett Packard Enterprise and Nvidia, the system ranks 17th...
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bp advances appraisal planning for major Bumerangue discovery in Brazil’s pre-salt basin

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bp says it is accelerating appraisal and development planning for its Bumerangue find in Brazil’s Santos Basin, after fresh analysis confirmed the discovery holds a vast liquids-rich hydrocarbon column with strong reservoir quality. The company announced on October 30 that...
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Exxon, partners recover US$6.6 billion in Guyana oil costs in first half of 2025 – Finance Ministry reports

ExxonMobil and its partners recovered about US$6.6 billion in costs from Guyana’s oil sector in the first half of...

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