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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

OilNOW -
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil sector between the second quarter (Q2) of 2025 and 2027. According to the Commission, the investment will focus on revitalizing...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

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Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil company Staatsolie revealed in its recent annual report. The production vessel is expected to deliver first oil in 2028. GranMorgu marks...
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Hess spent most of its Q1 2025 capital budget on Guyana

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Hess Corporation directed the majority of its capital and exploratory expenditures in the first quarter of 2025 to operations in Guyana, as the country continues to grow in importance to the company’s portfolio. The U.S. oil producer reported that it...
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GAIMMS Guyana launches first welding and fabrication workshop to train locals for energy sector

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GAIMMS Guyana launched its first Welding and Fabrication Workshop aimed at equipping local apprentices with global-standard skills for the energy sector. The program combines classroom learning with hands-on industrial training. It is designed to mirror real-world practices used on major...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

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Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has been no break in business operations in Guyana due to Venezuela’s increasingly aggressive posture regarding its claim to Guyana's territory. Speaking...
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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 

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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

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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

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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

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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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Guyana’s AFC party promises transparency, amended contracts in oil sector if it wins elections

Guyana’s Alliance for Change (AFC) political party is promising oil and gas transparency reforms and a review of existing...

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