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For each oil production project led by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) offshore Guyana, there is a ‘per occurrence’ insurance coverage of US$600M related to oil spills. This is according to Head of the Environmental...

The first cargo from ExxonMobil’s Liza Phase 2 Development offshore Guyana has arrived in the US, according to domestic customs data, said Anthony Starkey, senior adviser, trade flow and modelling for S&P Global. Arrival date was March 29 aboard the...

SBM Offshore confirmed on Tuesday that it has been awarded contracts for the construction of the ‘One Guyana’ floating production, storage and offloading (FPSO) vessel by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). “Under these contracts, SBM Offshore...

With the US$10 billion Yellowtail project being the largest single investment in Guyana’s history, the Environmental Protection Agency (EPA) has assured that it has gone above and beyond what the law requires to ensure the public was involved in...

The development of ExxonMobil’s projects and continued exploration success in the Stabroek Block is pushing the steady advancement of local capabilities and enhanced economic growth in Guyana. In a press release on Monday, ExxonMobil revealed that since 2015, it has...

The Environmental Protection Agency (EPA) was keen to note on Monday that it is in the process of developing a fair and robust system for compiling a list of approved persons with appropriate qualifications and experience to conduct Environmental...

Days after government and regulatory approvals were granted for the massive Yellowtail project, Hess Corporation announced its final investment decision on the project with a commitment of US$2.3 billion. This represents the company’s net share of development costs, excluding pre-sanction...

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), expects the Yellowtail project to be instrumental in helping secure the energy transition, it said as it announced the final investment decision (FID) on Monday morning. “Yellowtail’s development further demonstrates the...

The Inter-American Development Bank (IDB) is helping Guyana strengthen the institutional capacity of its Ministry of Finance which will be in charge of the development and implementation of a Medium-Term Development Strategy. That document, the IDB explained, will essentially...

With 10 floating production, storage and offloading vessels (FPSOs) envisioned for the production of Guyana’s multi-billion barrels of oil equivalent resources, companies from across the world are rushing to the South American country to cement their place in every...