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Looking ahead to country’s energy needs, Guyana considering second gas plant – Ali 

OilNOW -
Guyana’s first integrated power plant is not yet ready but the country is already mulling a second, in anticipation of an exponential demand surge. This is according to its President, Irfaan Ali.  “Already, based on our assessment, the power plant...
News

Guyana business group tells US EXIM bank detractors of gas project do not represent majority

OilNOW -
In a strongly worded letter addressed to Reta Jo Lewis, President/Chairperson of the Export-Import Bank of the United States (EXIM Bank), the Georgetown Chamber of Commerce and Industry (GCCI) expressed its unwavering support for Guyana's Gas-to-Energy project. The GCCI commended...
News

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...
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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...
News

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...
News

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...
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Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...

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