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Application process for Exxon’s fifth Stabroek Block development underway

OilNOW -
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has already begun the application process for its fifth offshore development in the Stabroek Block, according to information contained in court documents filed by the company relating to a tax...
News

US$10 billion Yellowtail development will be largest investment in Guyana’s history

OilNOW -
The Yellowtail project will cost US$10 billion to develop, the Ministry of Natural Resources said, in a long-awaited announcement of its approval. This represents the largest investment ever made in the history of Guyana. The Liza Phases One and Two,...
News

Liza Unity delivering the goods for Guyana, Stabroek co-venturers

OilNOW -
The Liza Unity floating production storage and offloading (FPSO) vessel, which is poised to reach nameplate capacity of around 220,000 barrels of oil per day this year, is set to almost triple Guyana’s oil revenue and is already strengthening...
News

Exxon replants mangroves cleared for fibre optic cable, removes 1.4 tonnes of trash

OilNOW -
ExxonMobil Guyana has replanted the mangrove vegetation cleared at the Ogle foreshore, East Coast Demerara for the landing of its fibre optic cable which will service its offshore facilities. The exercise was overseen by officials from the National Agricultural Research...
News

Exxon confirms 1.2 million barrels per day capacity for Guyana by 2027

OilNOW -
U.S. oil major ExxonMobil confirmed on Wednesday that a major ramp up offshore Guyana will see the company having the capacity to produce as much as 1.2 million barrels of oil per day by 2027. "Clearly our objective is to...
News

IHS Markit applauds speed of Guyana’s deepwater developments, environmental commitments

OilNOW -
London-based IHS Markit says what Guyana has achieved in just under seven years since the first major oil discovery at the Stabroek Block is ‘quite remarkable’ and commended the South American country for pushing the offshore exploration and production...
Exploration

Keeping Guyana at the forefront of deepwater development, ExxonMobil gears up for fifth project

OilNOW -
To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...
News

Exxon hits first oil at second Guyana development

OilNOW -
ExxonMobil said on Friday it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first...
News

Bayphase Ltd. wins contract to review FDP for Exxon’s US$9 billion Yellowtail project

OilNOW -
With the second-lowest bid totalling US$423,360, Bayphase Ltd. which is headquartered in the United Kingdom has successfully beaten more than 10 companies for the contract to review the Field Development Plan (FDP) for ExxonMobil's fourth project in Guyana, Yellowtail. This...
Exploration

Suriname lining up with Guyana to advance deepwater development this year

OilNOW -
Suriname lies down-dip of the prolific reservoirs in neighbouring Guyana. The country has seen a gradual build-up of exploration activity since ExxonMobil’s first discovery across the border at Liza-1 in 2015. Majors such as Shell, ExxonMobil and TotalEnergies have farmed...
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SBM sponsors international trips, science equipment for winners of Guyana mousetrap competition

SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving...

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