News

Surveys have officially begun for the Dragon Gas Project as the Dona Jose 2 vessel embarked on a geophysical and geotechnical study at Tembladora Port, Chaguaramas. The vessel, chartered by Geohidra—a Venezuelan company contracted by Shell—will gather data from...

By 2027, US$55 billion would have been invested in oil and gas projects in Guyana by ExxonMobil and its co-venturers Hess and CNOOC. This commitment is based on the terms of the 2016 Stabroek Block Production Sharing Agreement. “Any change...

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...

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,...

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...

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...

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...

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,...

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...

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...