News

Chemical transport companies increase as EPA strengthens oversight

The Environmental Protection Agency (EPA) has reported a sharp rise in companies transporting chemicals for Guyana’s oil and gas sector, increasing from ā€œjust one in 2021 to more than fifteen todayā€. The Agency hosted a stakeholder consultation this week with...

Hammerhead gas to flow through pipeline as soon as project starts

Gas from ExxonMobil’s newly sanctioned Hammerhead development will begin flowing immediately through Guyana’s Gas-to-Energy (GtE) pipeline once production starts in 2029, ExxonMobil Guyana President Alistair Routledge said on Monday. This is unlike the Longtail project where gas will be reinjected...

First deepwater oil production begins at Brazil’s Bacalhau project

ExxonMobil has started oil production at the Bacalhau field, marking its first upstream output in Brazil and a new phase in the country’s deepwater development. The achievement comes more than 110 years after the U.S. energy major first began...

Jagdeo says LNG remains a priority as Guyana moves to monetize its gas resources

Guyana’s Vice President Bharrat Jagdeo has reaffirmed that liquefied natural gas (LNG) remains a key option in Guyana’s plan to monetize its gas resources, even as ExxonMobil focuses on bringing more gas onshore for domestic use. Jagdeo sought to clarify...

Halliburton wins multiple Petrobras contracts for deepwater projects in Brazil

Halliburton has secured multiple contracts from Petrobras to deliver vessel stimulation, intelligent completions, and safety valve services across Brazil’s deepwater oilfields. The awards followed a competitive bidding process, the company announced on October 15.  The U.S.-based oilfield services company said...

Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister AllyĀ 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the country’s economic momentum into ā€œbroad-based, inclusive and sustainableā€ growth that will outlast the oil boom.  The country is well on its...

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

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...

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Eni, Repsol deal targets 645 mcf/d domestic supply at Venezuela’s Perla field ahead of 2031 exports

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field...