News

Double cargo of Guyanese crude heads to China’s Ningbo Port – OilX 

A very large crude carrier (VLCC), the Yuan Peng Yang, is transporting about two million barrels of crude produced offshore Guyana to Ningbo, China, according to analytics firm OilX. The crude was loaded from the Liza Destiny and Liza Unity...

Platts to launch new freight assessments for Guyana-Europe oil shipments

Platts, part of S&P Global Commodity Insights, has announced plans to introduce new Suezmax 130,000-mt dirty tanker freight assessments for crude oil shipments from Guyana to Europe, effective December 1. The new assessments will cover two routes: Guyana to the...

Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the early start-up of the Yellowtail project and strong reliability across operating assets. President of the company, Alistair Routledge, told reporters at...

MODEC seeks specialist for flash gas compressor maintenance on Guyana FPSO

MODEC Guyana Inc. (MOG) has issued a request for interest (RFI) seeking a subcontractor to deliver comprehensive field maintenance and technical support services for Flash Gas Compressor units. MODEC said the compressor units are for a floating production, storage...

Noble Sam Croft sets new drilling benchmark in Guyana after major upgrade

Noble Corporation says its Noble Sam Croft rig has achieved record performance in Guyana following a major upgrade earlier this year. In a LinkedIn post on October 14, the company announced the success of its collaboration under the Wells...

Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for 2023 and 2024, insisting that no such credits were applied in the company’s U.S. filings. Routledge's clarification comes after three U.S....

Exxon’s Longtail to feature largest gas handling facility in Stabroek Block, targets 250,000 b/d of condensate

ExxonMobil Guyana Limited President Alistair Routledge said Longtail is on a clear 2026 decision track, speaking at an October 13 press briefing at the company’s new Ogle headquarters. He said the Environmental Impact Assessment is underway following early consultations.  Routledge...

Guyana hits record three-quarter million barrels of oil per day

Total offshore production from Guyana’s Stabroek Block has hit over 700,000 barrels of oil per day, President of ExxonMobil Guyana Limited Alistair Routledge confirmed at a press briefing this morning. The start-up of the Yellowtail development is behind the spike....

Tom Madden rig moves to Whiptail field as drilling development campaign advances

ExxonMobil Guyana Limited (EMGL) is continuing developmental drilling at the Whiptail Project’s WT_3P01 Drill Center, located within the Stabroek Block of Guyana’s Exclusive Economic Zone, according to a notice issued by the Maritime Administration Department (MARAD). MARAD stated that the...

Bourbon’s Mistral and Ruby vessels to deliver offshore fuel support for Exxon’s Guyana projects

Bourbon Guyana Inc. has applied to the Environmental Protection Agency (EPA) for approval to provide offshore bunkering services to ExxonMobil Guyana Limited’s Whiptail, Yellowtail, and Uaru projects within the Stabroek Block.  According to Bourbon’s project submissions, the operations will involve...

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Guyana among few countries in the world where investments in O&G exploration remain robust

While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the...