According to Norway-based Rystad Energy, the Floating Production Storage and Offloading (FPSO) market saw a 50% increase in investments in 2023, rising from US$6 billion to US$9 billion in greenfield surface capital expenditure. This upward momentum is expected to...
San Diego, California: Guyana’s growing crude oil output is quickly reshaping energy markets, and the United States is taking note. This is according to Laura Lochman, Principal Deputy Assistant Secretary, Bureau of Energy Resources, U.S. Department of State. Speaking...
Guyana's oil exports have seen significant growth this year, reaching 598,000 barrels per day (b/d), a 58% increase compared to the previous year, according to data pulled by the Baltic and International Maritime Council (BIMCO). Niels Rasmussen, Chief Shipping...
ExxonMobil’s Liza find back in 2015 unlocked a treasure trove of oil and gas discoveries in Guyana’s Stabroek Block. Now, in 2024, the number stands at 45 discoveries and Exxon aims to take this even higher.
“I believe Guyana will...
For ExxonMobil, arbitration would be the “last resort” to resolve the findings of the IHS Market audit of its 1997-2017 Stabroek Block expenses.
“I don't have any intent to call an arbitration. I don't think that that's the right way...
ExxonMobil Guyana President Alistair Routledge said the company stands ready to work with the government on the establishment of an independent decommissioning fund for the Stabroek Block operations.
“...we're very much aware that under the Petroleum Activities Act of 2023,...
Every household in South America’s newest oil producing nation, Guyana, will receive close to US$1,000 (GY$200,000) its President, Dr. Irfaan Ali announced on Thursday.
Dr. Ali during a special sitting of the 12th Parliament said the disbursement will begin instantaneously...
The pipeline for Guyana’s Gas-to-Energy project is set and ready to introduce natural gas from the Liza field to onshore facilities at Wales, West Bank Demerara.
Providing an update, ExxonMobil Guyana President, Alistair Routledge said that the pipeline has been...
Debottlenecking efforts at the Liza Unity floating production, storage and offloading (FPSO) vessel could boost its output to 270,000 barrels per day (b/d).
ExxonMobil Guyana President, Alistair Routledge, said the vessel underwent debottlenecking in July during a shutdown of the...
Hammerhead, Guyana’s 7th Stabroek Block development will be utilizing a converted unit for its floating, production, storage and offloading vessel (FPSO). This is according to ExxonMobil Guyana President, Alistair Routledge.
Hammerhead would be the first project after Liza Phase 1...
