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Exxon expects Yellowtail to start producing oil in August

Kemol King -
ExxonMobil Guyana President Alistair Routledge said the Yellowtail offshore oil project is expected to start producing crude oil in August 2025. Routledge made the comments during a panel discussion at the Offshore Technology Conference in Houston, Texas, this week. The...
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Guyanese could be ‘out of the dark’ sooner than Nov. 1, when the GtE project comes online 

OilNOW -
Guyana’s Vice President Bharrat Jagdeo has indicated that Guyanese might receive some ‘black-out’ relief sooner than initially expected, ahead of the highly anticipated Gas-to-Energy project going live on November 1. He said the government is considering a proposal to...
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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

OilNOW -
TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool. Celebrating the key moment on Wednesday, teammates proudly posed with the company’s first Subsea 2.0® tree mobilized for transport from...
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ExxonMobil supports ECONOME conference founded by 27-year-old economics firebrand

OilNOW -
ExxonMobil Guyana is now a gold sponsor for the 2025 edition of ECONOME, a business conference and mixer founded by Matthew Gaul, a 27-year-old business enthusiast on a mission to boost education and opportunities.  Gaul said, “ support sends a...
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OTC panel hones in on Guyana private sector growth as oil output hits 668,000 b/d

OilNOW -
Guyana’s economic rise and the growing role of its private sector were the focus of a panel discussion at the Offshore Technology Conference (OTC) on May 7. The South American nation took the spotlight in the ‘Around the World...
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Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

OilNOW -
Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company reported total revenue of US$735 million, slightly up from US$722 million in 2023. This is the third consecutive year Staatsolie’s contribution...
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ABS grants approval to SBM Offshore’s low-carbon NearZero FPSO design

OilNOW -
SBM Offshore announced on May 7, it has received approval in principle from the American Bureau of Shipping (ABS) for its NearZero floating production, storage and offloading (FPSO) concept. The design features a range of low-carbon technologies aimed at slashing...
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Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

OilNOW -
Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI acquiring a 51% majority stake in ISS Guyana.  According to a statement from SGI, the partnership aligns with Guyana’s local content...
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ExxonMobil Guyana launches drone surveillance along Gas-to-Energy pipeline route

OilNOW -
ExxonMobil Guyana announced the start of drone surveillance along the Gas-to-Energy (GTE) pipeline right-of-way (RoW), which runs from Nouvelle Flanders on the West Coast Demerara to Reynstein on the West Bank Demerara. On Tuesday, the company announced on Facebook that...
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Now that Dragon’s ‘dead’, TT eyes other sources to fill gas gap 

OilNOW -
Countries like Guyana, Grenada and Suriname are on Trinidad and Tobago’s radar to fill the gap after the Trump administration killed its Dragon gas deal with Venezuela.  Newly installed Prime Minister, Kalama Persad declared the deal “dead” fresh off swearing...
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Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu...

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