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Schlumberger, Halliburton, Baker Hughes among major companies moving services to Guyana – Exxon

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A growing number of companies operating in Guyana’s oil and gas industry are moving more of their supply operations from Trinidad and Tobago and other locations to the South American country, as local capacity to execute projects increase. ExxonMobil Guyana...
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Guyana oil will find its way to market one way or another – IHS Markit Analysts

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Despite the challenges of the COVID-19 pandemic and growing pains related to oil production in a new area, analysts say Guyana offshore activities will remain robust and continue to grow. Speaking on a podcast focusing on upstream developments offshore Guyana...
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Exxon to provide over GY$400 million to support government audits for Payara project

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According to the Payara Petroleum Production Licence, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is expected to provide Guyana with US$400,000 (GY$82,800,000) annually for five consecutive years to support independent audits to be carried out by the...
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Exxon moving almost all supply work from T&T to Guyana by 2022 – Routledge

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As local capacity in Guyana continues to increase, ExxonMobil says more services are being moved from Trinidad and Tobago to the South American country, where it is the operator of the Stabroek, Kaieteur and Canje Blocks. In a recent interview...
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Guyana government says it will reveal plan for spending oil money

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Guyana’s Vice President, Dr. Bharrat Jagdeo says a comprehensive programme will be made available to the public showing how oil revenues will be spent, with focus on priority areas such as infrastructure and social upliftment, inclusive of investments in...
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Largest exploration campaign ever to be undertaken in Guyana basin could see oil reserves skyrocket

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The largest exploration campaign ever to be undertaken in the Guyana basin is being planned with multiple wells set to be drilled across several blocks. Results from these forays can see the already massive 9 billion plus barrels of...
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Yellowtail will develop largest resource base to date, Pinktail and Whiptail could be 6th project

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Yellowtail will develop a much larger resource base than any of the previous developments at the ExxonMobil-operated Stabroek Block offshore Guyana while the Pinktail and Whiptail discoveries which both have deeper zones with good quality oil, could form the...
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Extensive well program at Stabroek Block delivering big volumes this year

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An extensive exploration and appraisal drilling programme being carried out at the Stabroek Block this year has so far delivered a series of discoveries that will push the 9 billion plus barrels of oil equivalent higher even as the...
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Guyana has sold over 7 million barrels of oil since production started

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On July 3, 2021, the Guyana government sold its 7th oil cargo when just over 1 million barrels of crude were lifted from the Liza Destiny FPSO. Since production began on December 20, 2019, the government has marketed 7.056...
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Exxon in search of Quayside and Laydown Area on West Bank of Demerara River

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ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has put out a Request for Information (RFI) seeking detailed operational and technical information from suppliers for meeting its bid selection requirements for a Quayside and Laydown Area on the...
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ExxonMobil’s Yellowtail startup strengthens upstream edge – Zacks Investment Research

Chicago-based firm, Zacks Investment Research, known for its independent investment analysis and the Zacks Rank system, has highlighted Exxon...

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