News

‘One Guyana’ will deliver biggest daily production for new oil nation

Pegged at a massive 250,000 barrels of oil per day, the floating production storage and offloading (FPSO) vessel for ExxonMobil’s fourth project at Stabroek Block has been named One Guyana and will join its sister vessels Liza Unity, Liza...

Analyst urges Guyana to use oil revenue as ‘seed money’ to tackle climate change

The call by some individuals and groups for Guyana to leave its vast hydrocarbon resources in the ground is being viewed as ironic by a scholar at the Florida International University’s Jack D. Gordon Institute for Public Policy. He...

“Team of teams” delivered Guyana’s biggest oil production project to date

Record pace. These are the words being used to describe U.S. oil major ExxonMobil’s operations in Guyana where it has made over 25 discoveries since 2015 at the Stabroek Block, delivering over 10 billion barrels of oil equivalent and...

Guyana optimistic about becoming gas exporter as more projects come online – Vice President

Guyana’s Vice President, Dr. Bharrat Jagdeo has confirmed that as more offshore projects come online, the South American country is hopeful of becoming an exporter of gas, or value-added products derived from gas. “Guyana is not looking to be a...

Singapore Airlines to buy ExxonMobil’s sustainable fuel

(Reuters) - Singapore's civil aviation authority and state-investor Temasek will support the city-state's flagship carrier Singapore Airlines in buying sustainable aviation fuel (SAF) from top U.S. oil producer Exxon Mobil Corp for use in flights, the parties said on Friday. Its...

Government applauds first oil from Liza Unity FPSO; earnings set to triple

The Government of Guyana through the Ministry of Natural Resources said on Friday that it welcomes the announcement by ExxonMobil on the commencement of production at Guyana’s second offshore Development from the Liza Unity FPSO.  The operation of the vessel...

Exxon hits first oil at second Guyana development

ExxonMobil said on Friday it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first...

‘Highly prolific quality reservoir’ targeted for Exxon’s 5th development in Guyana

The South American country of Guyana is moving full steam ahead with the development of its vast hydrocarbon resources mainly at the prolific Stabroek Block, where U.S. oil major ExxonMobil has found over 10 billion barrels of oil equivalent...

Brent at $91 but on track for first weekly decline in over a month

(Reuters) Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight but were still heading for weekly losses on inflation worries and U.S.-Iran which could boost global supplies. Brent crude futures rose 39 cents,...

First withdrawal from Guyana oil fund approved

The National Assembly of Guyana approved the first withdrawal from the country’s Natural Resource Fund on Thursday afternoon, clearing US$607 million for spending. The withdrawal clears the fund of all revenue, as per the provisions of the new law, the...

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Anaergia Announces Delay in the Filing of Its Audited Financial Statements and Related Disclosures

BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) announced today that there will be a delay in...