Guyana’s offshore oil production is driven by floating production, storage and offloading (FPSO) vessels, with four units currently operating: Liza Destiny, Liza Unity, Prosperity and ONE GUYANA.
These vessels, built and operated by SBM Offshore for the ExxonMobil‑led consortium, are...
Petrobras has exercised its preemptive right to acquire a 50% stake in the Tartaruga Verde field and Module III of the Espadarte field in the Campos Basin offshore Brazil, the company said in a March 16 release.
Petrobras continues to...
Halliburton and ExxonMobil Guyana Limited have completed the industry’s first fully automated closed-loop well placement offshore Guyana, the companies said in a March 16 release. The project was carried out with Sekal, Noble, and the Wells Alliance Guyana team.
The...
Energy-producing nations in the Caribbean, including Guyana and Trinidad and Tobago, could see increased revenues as global oil prices rise amid escalating tensions involving the United States and Iran, according to the Energy Chamber of Trinidad and Tobago.
Middle East...
ExxonMobil Guyana Limited (EMGL) will continue development drilling at the Uaru Project’s UA_4P04 drill center in the Stabroek Block offshore Guyana, according to a notice from the Maritime Administration Department (MARAD).
Operations began on March 12, 2026, within Guyana’s Exclusive...
Oil prices eased by 1% on Monday as U.S. allies rejected President Donald Trump's repeated calls for help to unblock the Strait of Hormuz.
“Brent crude futures fell 92 cents to US$102.22 per barrel by 1248 GMT, while U.S. West...
Design specifications for the floating production vessel planned for ExxonMobil's proposed Longtail project in Guyana allow for higher production, according to the environmental impact assessment (EIA) report submitted by ExxonMobil. This could facilitate increased hydrocarbon production once initial levels...
ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring the impact of hands-on learning and expanded access to technical training.
In a video released by the company on February 4,...
ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project.
The documents were filed with the Environmental Protection Agency, according to a...
Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal.
The conference, hosted by World Oil and Gulf...
