News

ExxonMobil has announced plans to expand its operations in Guyana, projecting production capacity to reach 1.7 million barrels of oil per day by 2030. This is part of the company’s broader Corporate Plan to 2030, which aims to deliver...

Once its Hammerhead development is off the ground, ExxonMobil Guyana President Alistair Routledge said the company intends to target Longtail next. Routledge confirmed this on a recent Energy Perspectives podcast.  “Even earlier this week, I think the Minister of Natural Resources,...

Guyana is currently the world’s third largest per capita oil producer, according to scientific publication Our World in Data (OWID). The country’s rapid ascent to this position comes just five years after ExxonMobil started crude oil production in December 2019....

Guyana’s export value surged by a record 77% in 2024, powered by the country’s rapidly expanding oil and gas sector, according to the Economic Commission for Latin America and the Caribbean’s (ECLAC) latest trade report.  This performance secured Guyana’s position...

Two Karadeniz ships are in Guyana, delivered by UCC Holdings, to produce 96 megawatts (MW) of electrical power as Guyana awaits the completion of its Gas-to-Energy project.  The vessels are meant to critically meet growing demand as local heavy fuel...

Guyana has submitted its final written arguments to the International Court of Justice (ICJ) in its ongoing boundary case with Venezuela, the Ministry of Foreign Affairs and International Cooperation announced on December 9. The case centers on the 1899 Arbitral...

Touchstone Exploration Inc. has announced its preliminary 2025 capital budget and financial guidance, focused on expanding production and optimizing its Cascadura assets. “We aim to fully leverage the extensive infrastructure and flowline installations completed in 2024 to unlock the field's...

Halliburton is seeking proposals for on-call paramedic services at its Guyana facilities. These include the Eccles base, Liquid Mud Plant, and staff housing. The provider must deliver these services while operating offsite, ensuring immediate response capability when required. Halliburton reports US$709...

Come next year, Guyana’s Stabroek Block will have a total of four floating, production, storage and offloading vessels (FPSOs). The latest vessel is ONE GUYANA, slated for production operations at the Yellowtail field.  ONE GUYANA Facts:  Project Phase: The ONE GUYANA...

SBM Offshore Guyana has achieved 900 hours of training with local vendors in 2024, as part of its commitment to enhancing operational standards among Guyanese businesses. Local Content Lead Garri Fraser disclosed the achievement during the company’s Vendor Day...