News

ExxonMobil has started oil production at the Bacalhau field, marking its first upstream output in Brazil and a new phase in the country’s deepwater development. The achievement comes more than 110 years after the U.S. energy major first began...

Guyana’s Vice President Bharrat Jagdeo has reaffirmed that liquefied natural gas (LNG) remains a key option in Guyana’s plan to monetize its gas resources, even as ExxonMobil focuses on bringing more gas onshore for domestic use. Jagdeo sought to clarify...

Halliburton has secured multiple contracts from Petrobras to deliver vessel stimulation, intelligent completions, and safety valve services across Brazil’s deepwater oilfields. The awards followed a competitive bidding process, the company announced on October 15.  The U.S.-based oilfield services company said...

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the country’s economic momentum into “broad-based, inclusive and sustainable” growth that will outlast the oil boom.  The country is well on its...

A very large crude carrier (VLCC), the Yuan Peng Yang, is transporting about two million barrels of crude produced offshore Guyana to Ningbo, China, according to analytics firm OilX. The crude was loaded from the Liza Destiny and Liza Unity...

Platts, part of S&P Global Commodity Insights, has announced plans to introduce new Suezmax 130,000-mt dirty tanker freight assessments for crude oil shipments from Guyana to Europe, effective December 1. The new assessments will cover two routes: Guyana to the...

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the early start-up of the Yellowtail project and strong reliability across operating assets. President of the company, Alistair Routledge, told reporters at...

MODEC Guyana Inc. (MOG) has issued a request for interest (RFI) seeking a subcontractor to deliver comprehensive field maintenance and technical support services for Flash Gas Compressor units. MODEC said the compressor units are for a floating production, storage...

Noble Corporation says its Noble Sam Croft rig has achieved record performance in Guyana following a major upgrade earlier this year. In a LinkedIn post on October 14, the company announced the success of its collaboration under the Wells...

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for 2023 and 2024, insisting that no such credits were applied in the company’s U.S. filings. Routledge's clarification comes after three U.S....