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Drilling at Hammerhead-4 to reinforce confidence in project design – Routledge

ExxonMobil is drilling the Hammerhead-4 appraisal well offshore Guyana, ahead of its Hammerhead development project, which aims to produce oil from the 2018 discovery.  According to ExxonMobil Guyana President Alistair Routledge, the appraisal drilling of Hammerhead-4 is a crucial step in further...

Block 58 FID confirms Guyana-Suriname basin’s status as top exploration zone – Rystad Energy 

The recent Final Investment Decision (FID) in Block 58 has reaffirmed the Guyana-Suriname Basin's position as one of the most promising oil exploration regions in the world. According to Schreiner Parker, Managing Director for Latin America at Rystad Energy,...

OneSubsea secures major contract for Petrobras’ Roncador project in Brazil

SLB’s OneSubsea™ joint venture has secured a significant contract from Petrobras for the Roncador project, located offshore Brazil.  This contract follows a competitive tender process and focuses on expanding the Roncador field in the Campos Basin. SLB OneSubsea and TotalEnergies partner...

Capping stack to be stationed at Vreed-en-Hoop port long term – Exxon President

ExxonMobil Guyana President Alistair Routledge said the recently arrived capping stack in Guyana, which is currently stationed at the Guyana Shore Base Inc. (GYSBI), is expected to be relocated to the Vreed-en-Hoop Shore Base Inc. (VEHSI) at some point. The...

University of Guyana to be tuition-free by January 2025

President of Guyana, Dr. Mohamed Irfaan Ali, announced during an October 10 Parliamentary address that starting from the January 2025 semester, tuition fees will be completely abolished at the University of Guyana.  The measure is expected to benefit over 11,000...

Exxon says it will work with Guyana authorities to set up independent decommissioning fund 

ExxonMobil Guyana President Alistair Routledge said the company stands ready to work with the government on the establishment of an independent decommissioning fund for the Stabroek Block operations.  “...we're very much aware that under the Petroleum Activities Act of 2023,...

Oil nation set to make approx. US$288 million payout to households

Every household in South America’s newest oil producing nation, Guyana, will receive close to US$1,000 (GY$200,000) its President, Dr. Irfaan Ali announced on Thursday. Dr. Ali during a special sitting of the 12th Parliament said the disbursement will begin instantaneously...

Gas-to-Energy pipeline mechanically completed, ready to introduce natural gas – Routledge 

The pipeline for Guyana’s Gas-to-Energy project is set and ready to introduce natural gas from the Liza field to onshore facilities at Wales, West Bank Demerara. Providing an update, ExxonMobil Guyana President, Alistair Routledge said that the pipeline has been...

Liza Unity FPSO has scope to produce 270,000 barrels a day – Exxon 

Debottlenecking efforts at the Liza Unity floating production, storage and offloading (FPSO) vessel could boost its output to 270,000 barrels per day (b/d).  ExxonMobil Guyana President, Alistair Routledge, said the vessel underwent debottlenecking in July during a shutdown of the...

Exxon’s Hammerhead project to feature first converted unit offshore Guyana since Liza Destiny

Hammerhead, Guyana’s 7th Stabroek Block development will be utilizing a converted unit for its floating, production, storage and offloading vessel (FPSO). This is according to ExxonMobil Guyana President, Alistair Routledge.  Hammerhead would be the first project after Liza Phase 1...

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From Moruca to the oilfields: Keith Da Silva’s journey into Guyana’s energy future 

Keith Da Silva is proud of where he is from. “I am from Moruca, Region One,” he said from...