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ExxonMobil’s Liza projects cop excellence award

OilNOW -
ExxonMobil's Liza projects have been honored with the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award, recognizing outstanding achievements in executing oil and gas projects.  The award, presented during the 2024 IPTC in Dhahran, Nepal, highlighted the company's...
News

Senegal’s first-ever FPSO arrives for mid-2024 startup

OilNOW -
Woodside Energy announced the February 10 arrival of the first floating production, storage and offloading (FPSO) vessel to Senegal’s waters. The Léopold Sédar Senghor FPSO will now be hooked up to the subsea infrastructure and 23 wells for a...
Exploration

Petronas commences drilling on Fusaea well in Suriname’s Block 52

OilNOW -
Annand Jagesar, Managing Director of Staatsolie confirmed that Petronas has commenced drilling in Suriname’s block 52.  “They are drilling the Fusaea oil exploration well. This will be followed by the Sloanea gas appraisal well,” Jagesar told OilNOW. Drilling activities are...
News

Venezuela army movements small in scale; no indication of impending hostilities – US security spokesman’

OilNOW -
White House National Security Communications Advisor, John Kirby, said the United States (U.S.) is closely monitoring Venezuela’s build-up of military forces near the border with Guyana and described the gathering(s) as small in scale.  “Our assessment is that whatever military...
News

TT oil spill “not under control”, Rowley declares national emergency

OilNOW -
An unidentified ship, only known as "Gulfstream," has triggered a national emergency in Trinidad and Tobago after leaking oil onto the coasts of the southern twin islands, particularly Tobago. The incident, initially reported on Feb. 7 by the country's...
News

Guyana labor officials visit shore base facility following fatal accident

OilNOW -
Investigations by Guyana’s Ministry of Labour into a fatality at a Vreed-en-Hoop Shore Base Inc. (VEHSI) facility determined that the deceased was not equipped with the necessary safety gear at the time of the incident.  He was identified as Health...
News

Exxon to move into new US$160 million Guyana HQ this year – Routledge

OilNOW -
ExxonMobil Guyana is preparing to transition into its new headquarters, a US$160 million state-of-the-art facility located at Ogle, East Coast Demerara, in 2024.  During a press conference on February 9, ExxonMobil Guyana President Alistair Routledge said there is “a lot...
News

Guyana oil production could reach almost 1.5 million bpd by 2027

Kemol King -
Although ExxonMobil has said it is targeting 1.2 million barrels of oil per day (bpd) by 2027 at the Stabroek Block offshore Guyana, this output could actually edge closer to 1.5 million bpd based on current trends, and projections...
News

Guyana oil exports to generate US$16.8 billion in 2024 

OilNOW -
Guyana’s oil exports will generate US$16.8 billion in 2024, according to Ministry of Finance projections. This represents a steep increase from the US$11.6 billion generated from oil exports in 2023. The 2024 scenario would see oil accounting for 90% of...
News

Exxon mulling options for Guyana’s 7th Stabroek Block project; potential gas development in play 

Shikema Dey -
Could Guyana’s seventh Stabroek Block development be based on another oil discovery, or perhaps, the first offshore gas project? Operator ExxonMobil has not decided. Why? According to its President, Alistair Routledge, “We have more than one horse in the...
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UPDATED: A guide to Guyana’s Gas-to-Energy project

Editor's note: This article was updated on November 25, 2025. It was first published on December 29, 2024. The...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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