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Exxon says planned wells “clearly Guyana’s territory”

OilNOW -
ExxonMobil Guyana President Alistair Routledge told Bloomberg that planned drilling offshore Guyana in 2024 will be “well south” of the territory under contention between Guyana and Venezuela. Venezuela’s maritime claim rests along a “projected” 70-degree line out to sea from...
News

Guyana seeking firm to conduct audit, validate profit oil share for 2021-2023 period

OilNOW -
Guyana’s Ministry of Natural Resources has issued a call for consultants to submit proposals for the auditing of recoverable contract costs and validation of profit oil share related to the Stabroek Block operations for the period 2021-2023. Preference will...
News

Jagdeo anticipates US decision on US$660 million gas project loan in H1 2024

OilNOW -
Guyana's Vice President Bharrat Jagdeo said the government expects the United States Export-Import Bank (EXIM) to decide on a US$660 million loan request from Guyana in the first or second quarter of 2024. It is meant to support the...
News

Looking ahead to country’s energy needs, Guyana considering second gas plant – Ali 

OilNOW -
Guyana’s first integrated power plant is not yet ready but the country is already mulling a second, in anticipation of an exponential demand surge. This is according to its President, Irfaan Ali.  “Already, based on our assessment, the power plant...
News

Guyana business group tells US EXIM bank detractors of gas project do not represent majority

OilNOW -
In a strongly worded letter addressed to Reta Jo Lewis, President/Chairperson of the Export-Import Bank of the United States (EXIM Bank), the Georgetown Chamber of Commerce and Industry (GCCI) expressed its unwavering support for Guyana's Gas-to-Energy project. The GCCI commended...
News

Topsides module lifting begins on ONE GUYANA FPSO; on track for Q1 2025 sailaway – Exxon

OilNOW -
The first module has been lifted onto the topsides of the ‘ONE GUYANA’ floating production, storage and offloading (FPSO) vessel for the massive Yellowtail development, according to ExxonMobil Guyana President, Alistair Routledge. Providing an update on the US$10 billion project,...
Exploration

Exxon to write off Kaieteur Block expenses

OilNOW -
ExxonMobil Guyana President, Alistair Routledge, said the company is writing off its Kaieteur Block expenses, having decided last year to withdraw from the license. In addition to the Stabroek Block, the company operates the Canje block and, up until...
News

TotalEnergies and Vantage Drilling form JV to acquire Tungsten explorer drillship

OilNOW -
TotalEnergies and offshore drillship operator Vantage Drilling have announced the signing of a binding agreement to establish a new joint venture (JV) aimed at acquiring the Tungsten Explorer drillship from Vantage. Under the terms of the agreement, TotalEnergies will acquire...
News

Exxon pipeline will be ready to deliver gas onshore by yearend – Routledge 

Shikema Dey -
Pipeline installation for Guyana’s Gas-to-Energy (GtE) project has significantly progressed, according to new updates provided by ExxonMobil Guyana on Feb. 6.  By the end of the year, Exxon is expected to be ready to bring gas onshore.  The company is responsible...
News

Exxon targeting two new wells west of Liza and Payara at prolific Stabroek Block

Kemol King -
ExxonMobil Guyana President Alistair Routledge said the company has identified two drilling targets west of the Liza and Payara discoveries. “We plan to drill two exploration wells west of Liza and Payara. The Trumpetfish and Redmouth exploration wells are planned...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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