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Topsides module lifting begins on ONE GUYANA FPSO; on track for Q1 2025 sailaway – Exxon

OilNOW -
The first module has been lifted onto the topsides of the ‘ONE GUYANA’ floating production, storage and offloading (FPSO) vessel for the massive Yellowtail development, according to ExxonMobil Guyana President, Alistair Routledge. Providing an update on the US$10 billion project,...
Exploration

Exxon to write off Kaieteur Block expenses

OilNOW -
ExxonMobil Guyana President, Alistair Routledge, said the company is writing off its Kaieteur Block expenses, having decided last year to withdraw from the license. In addition to the Stabroek Block, the company operates the Canje block and, up until...
News

TotalEnergies and Vantage Drilling form JV to acquire Tungsten explorer drillship

OilNOW -
TotalEnergies and offshore drillship operator Vantage Drilling have announced the signing of a binding agreement to establish a new joint venture (JV) aimed at acquiring the Tungsten Explorer drillship from Vantage. Under the terms of the agreement, TotalEnergies will acquire...
News

Exxon pipeline will be ready to deliver gas onshore by yearend – Routledge 

Shikema Dey -
Pipeline installation for Guyana’s Gas-to-Energy (GtE) project has significantly progressed, according to new updates provided by ExxonMobil Guyana on Feb. 6.  By the end of the year, Exxon is expected to be ready to bring gas onshore.  The company is responsible...
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Exxon targeting two new wells west of Liza and Payara at prolific Stabroek Block

Kemol King -
ExxonMobil Guyana President Alistair Routledge said the company has identified two drilling targets west of the Liza and Payara discoveries. “We plan to drill two exploration wells west of Liza and Payara. The Trumpetfish and Redmouth exploration wells are planned...
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Guyana’s revenue from oil production expected to significantly increase in a few years as Exxon, COVs recoup costs

Kemol King -
Guyana can expect a significant spike in its oil revenues as early as 2026/2027 after the ExxonMobil-led Stabroek Block consortium (Exxon 45%, Hess 30% and CNOOC 25%) substantially recovers the tens of billions invested in exploration and development of...
News

Guyana’s oil production hits 645,000 barrels per day

Shikema Dey -
The total output from Guyana’s Stabroek Block developments sits above 600,000 barrels per day (b/d) currently, surpassing projections set by the operator, ExxonMobil Guyana Limited (EMGL).  “Overall, our production capacity across all three facilities is now at 645,000 barrels per...
News

Venezuela accredits Guyana Ambassador as countries move to cooperate 

OilNOW -
Minister for People’s Power for Foreign Affairs of Venezuela, Yvan Gil received letters of credence from Dr. Richard Van West Charles, Guyana’s Ambassador to Venezuela, recently.  The two engaged cordially. A Guyana government release said Ambassador Van West-Charles affirmed the...
News

Venezuela to pocket “no less than 45%” of Dragon Gas gross income 

OilNOW -
Venezuela is set to receive almost half of the income from the Dragon Gas deal with Trinidad and Tobago.  According to a Feb. 3 Reuters article, the terms were outlined in a license, published by Venezuela’s official gazette. “In no...
News

Guyana advances clean energy electrification in hinterland communities

OilNOW -
The Guyana Energy Agency (GEA) has announced its achievements in clean energy electrification projects across hinterland communities in 2023.  These include:  - Electrification with solar home energy systems: GEA spearheaded a project to supply, deliver, and distribute 30,000 solar home energy...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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