News

ExxonMobil's gas exploration efforts in August were a key focus in oil and gas upstream activities, according to a recent report from Rystad Energy. The U.S. supermajor achieved success with the completion of its non-operated Sloanea-2 appraisal well on...

Professor Paloma Mohamed, Vice Chancellor of the University of Guyana, supports the government’s plan to provide free university education but stresses that quality must not be compromised. As Guyana experiences rapid economic growth driven by oil and gas, she...

The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on September 5, during which the eight...

ExxonMobil’s two latest developments offshore Guyana – Uaru and Whiptail, have surpassed Yellowtail as the largest investments in the country’s history. Each of these projects has an estimated development cost of US$12.7 billion. Yellowtail is estimated to cost US$10 billion....

As of September 2, 2024, 23,800 km² has been explored in the ongoing Suriname Seep Survey, a collaboration between Staatsolie, GeoPartners Limited (UK), and TROIS GeoConsulting (Netherlands).  The research, according to Staatsolie, aims to detect natural oil and gas leaks...

ExxonMobil Guyana is progressing with developmental drilling at the Yellowtail well site in Guyana's Exclusive Economic Zone. According to Guyana's Maritime Administration Department (MARAD), the Noble Tom Madden is leading the operations, which are expected to conclude by October 31. The...

The Stabroek Block offshore Guyana hosts four highly capable Noble drillships—Sam Croft, Bob Douglas, Tom Madden, and Don Taylor—all constructed by Hyundai Heavy Industries. These vessels share the advanced Gusto P10000 design, providing high performance in ultra-deepwater environments. Each drillship...

Dutch shipbuilder SBM Offshore has signed agreements with Malaysia's MISC Berhad to exchange ownership interests related to two floating production storage and offloading (FPSO) vessels. The deal involves the FPSO Espirito Santo, operating in Brazil, and the FPSO Kikeh,...

ExxonMobil Guyana Limited (EMGL) said in a statement on Thursday that no oil can be lifted from its Stabroek Block operations without a representative of the government being onboard the floating production storage and offloading (FPSO) vessels. "None of...

Guyana’s new oil spill bill is due to be tabled in Parliament later this year, the government said in its 2024 Mid-Year report.  “This bill, while addressing other areas, will deal with the management of and financial responsibility for oil...