News

Exxon’s 4th Guyana FPSO leaves drydock; now moored along integration quayside at Singapore yard

SBM Offshore announced on Feb. 21 that the ONE GUYANA floating, production storage and offloading vessel (FPSO) has left drydock. OilNOW understands the vessel is now moored along quayside at the Seatrium yard in Singapore. It is the fourth...

Guyana will be carbon negative even when producing oil at 1.5 million b/d – Jagdeo

Even with world-leading per capita oil production aspirations, the Guyana government believes the country can keep its long-standing environmental credentials. According to Vice President Bharrat Jagdeo, “We will remain carbon negative even when we are producing 1.5 million barrels...

World-class FPSO simulator set to unlock new opportunities for Guyana – President Ali 

Having a floating production storage and offloading vessel (FPSO) facilities simulator in the country is a massive achievement for Guyana. So says the country's President, Dr. Irfaan Ali, who believes it unlocks a whole world of new opportunities for...

Caribbean Chamber launched to promote energy transition

The march towards energy security in the Caribbean has been given a boost with the launch of the Caribbean Energy Chamber (CEC), a new entity aimed at ensuring net zero energy security across the region.  Melanie Chen, the founding Chair...

Guyana’s oil helping to stabilize global energy markets – Exxon Upstream President

In a world fraught with geopolitical unrest and economic uncertainties, the role of stable energy supplies cannot be overstated. Liam Mallon, President of ExxonMobil Upstream Company, recently highlighted the remarkable contribution of Guyana to global energy markets amidst these...

Pompeo to investors: Ensure Guyana has the tools, security needed to become “massive producer of energy” 

Former U.S. Secretary of State, Mike Pompeo charged stakeholders at the Guyana Energy Conference and Supply Chain Expo to put priority on ensuring the South American nation realizes its potential. In a video message, Pompeo said, “We have to ensure...

Guyana’s flagship energy conference opens; ignites discussions on fueling transformation and modernization

The third edition of what is now rebranded as the Guyana Energy Conference and Supply Chain Expo commenced with grandeur on Monday as President Dr. Mohamed Irfaan Ali officially opened the event at the Marriott Hotel, Kingston, Georgetown. The...

“We have been doing this for a century” – Mallon addresses safety concerns about Gas-to-Energy pipeline

ExxonMobil's track record of safety in the laying of gas pipelines was underscored on Monday by the President of its Upstream Company Liam Mallon. “I’ve heard talk about the risks of the Gas-to-Energy pipeline. I’ll remind you that 2024...

Guyana aims to be top NGL supplier for Brazil’s Roraima, Dominican Republic, and CARICOM

Guyana’s Gas-to-Energy project has generally been marketed as a huge benefit for the domestic economy. However, the government is rolling out plans for the natural gas liquids (NGL) from the project to capture the markets of the entire Caribbean...

Qatar’s Assets Group breaks ground on major Seafront Resort and Convention Centre in Guyana

In a boost to Guyana's tourism and hospitality sector, the Georgetown Seafront Resort and Convention Centre's groundbreaking ceremony was held on Sunday in the country's capital city, Georgetown. The complex, to be developed by Qatari company Assets Group Inc., is...

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Guyana’s next production milestone: 1.1 million barrels with Uaru development

Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in...