Showing results for:

Exxon’s lonewolf discovery for 2024: Bluefin 

In a year marked by steady development of existing projects, ExxonMobil Guyana made just one new discovery to its Stabroek Block pile - Bluefin-1.  The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by...

Jagdeo not worried about dispute with CGX, says Corentyne license lapsed

Guyana Vice President Bharrat Jagdeo is adamant that CGX Energy’s license for the Corentyne Block has expired. The company and its joint venture partner, Frontera Energy, said Thursday that they believe their license still stands.  A 60-day clock is ticking...

Exxon targeting 1.7 million barrels per day in Guyana by 2030 

ExxonMobil has announced plans to expand its operations in Guyana, projecting production capacity to reach 1.7 million barrels of oil per day by 2030. This is part of the company’s broader Corporate Plan to 2030, which aims to deliver...

Guyanese duo traveling to Singapore for return journey on ONE GUYANA FPSO

Two Guyanese, Nevon Arno and Bevon Craig, are preparing to travel to Singapore to ready Newrest Guyana’s team for its journey on the ONE GUYANA floating production, storage and offloading (FPSO) vessel to the Stabroek Block. Nevon Arno, a...

VESSEL REVIEW: A look at Guyana’s next FPSO – ONE GUYANA 

Come next year, Guyana’s Stabroek Block will have a total of four floating, production, storage and offloading vessels (FPSOs). The latest vessel is ONE GUYANA, slated for production operations at the Yellowtail field.  ONE GUYANA Facts:  Project Phase: The ONE GUYANA...

MODEC seeks drone inspection services for Guyana operations

MODEC has issued a Request for Information (RFI) for Remotely Piloted Aircraft Systems (RPAS) inspection services for its Guyana operations. The inspections will cover flare stacks, ignition systems, burners, flare structures, and vent towers. MODEC launches internship, trainee programs for...

Dan Ammann named ExxonMobil’s new Upstream President as Mallon heads to retirement 

ExxonMobil has announced leadership changes, with Dan L. Ammann appointed as President of ExxonMobil Upstream Company and Vice President of Exxon Mobil Corporation, effective February 1, 2025. He will succeed Liam M. Mallon, who is retiring after 34 years...

Guyana oil success rooted in high risks, partnerships, and innovation – Liam Mallon

In a candid discussion with Hart Energy, President of ExxonMobil Upstream Company and Vice President of Exxon Mobil Corporation, Liam Mallon, provided a detailed account of Guyana’s journey to becoming a major oil producer. Mallon outlined the inherent risks...

Stena Carron probing Lau Lau-2 as Exxon looks to increase discovered resources

ExxonMobil is advancing exploration drilling at the Lau Lau-2 well site at the Stabroek Block offshore Guyana. The drilling operation, being undertaken by the Stena Carron, will conclude on December 31, 2024. The site is located 116.73 nautical miles (216.18...

Guyana oil production averaged 608,000 b/d in first 10 months of 2024

Crude oil production at the ExxonMobil-operated Stabroek Block averaged 608,000 barrels per day (b/d) in the first 10 months of 2024. Combined output from the three projects—Liza 1, Liza 2 and Payara—have shown they can sustain 660,000 b/d. However,...

Latest News

Guyana share of oil revenues to increase as Exxon pays down cost faster with US$100 per barrel crude  

Guyana is set to receive a bigger share of revenue from oil production as higher prices accelerate the pace...