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Guyana oil production hits half-billion-barrel mark

ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output was derived from three Stabroek Block projects—Liza 1, Liza 2, and Payara—in less than five years. Exxon said the three...

ONE GUYANA FPSO to arrive in Q2 2025 – Exxon

The ONE GUYANA floating production, storage and offloading (FPSO) vessel is expected to arrive in Guyana in the second quarter of 2025. So says ExxonMobil Guyana President, Alistair Routledge, speaking at a November 12 steel strike ceremony for the Jaguar FPSO...

Dutch Appeal Court strikes ruling that Shell should cut emissions 45% by 2030

The Dutch Court of Appeal has overturned a prior ruling that required Shell to reduce its global carbon footprint by 45% by 2030, S&P Global reported.  This decision, handed down on November 12, nullified a 2021 District Court order resulting...

Venezuela gas explosion shuts down more than 60% of fuel supply to country

More than 60 percent of Venezuela’s fuel supply has been shut down following a gas explosion at a key production facility run by state firm Petroleos de Venezuela (PDVSA). At least eight people were killed in the incident while...

Guyanese companies to fabricate over 300 tonnes of steel for Jaguar FPSO

Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than 300 tonnes of steel for the Jaguar floating production, storage and offloading (FPSO) vessel. The massive ship is being constructed...

Guyana poised to add close to one million barrels per day as FPSO sector takes off globally

A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction. Norway-based energy research and...

Hammerhead impact study to inform government’s decision on project approval – EPA

Guyana's Environmental Protection Agency (EPA) on November 11 published a statement providing clarity on an issue after a local newspaper claimed it was “moving ahead” with ExxonMobil’s Hammerhead project despite the fact that the government paused its search for...

Touchstone boosting production with Cascadura wells 

Touchstone Exploration announced well test results on November 11 from its Cascadura-2ST1 and Cascadura-3ST1 wells, as it undertakes a production boost in Trinidad and Tobago. The production came through the Cascadura C onshore well pad in the Ortoire Block. Touchstone said that during...

As low-carbon investments overtake oil and gas, Guyana determined not to have stranded assets

As global energy investments increasingly favor low-carbon and renewable projects over fossil fuels, Vice President Bharrat Jagdeo is steadfast in his view that Guyana must avoid the risk of stranded oil assets. With substantial offshore oil discoveries providing a...

‘Thousands of people in hundreds of organizations’ complete SBM Offshore’s FPSO Alexandre de Gusmão

The Floating Production Storage and Offloading vessel Alexandre de Gusmão, which incorporates SBM Offshore’s Fast4Ward® new build, multi-purpose hull design, has been completed. The company recently announced the naming ceremony of the vessel, which took place at the COSCO...

Latest News

Guyana oil production hits half-billion-barrel mark

ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output...