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...

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,...

The Guyana government approached the Parliament on November 25 for more money to continue the development of the Gas-to-Energy project, a landmark energy expansion endeavor.  Senior Minister in the Office of the President with responsibility for Finance and the Public...

ExxonMobil Guyana Limited (EMGL) has launched a Request for Information (RFI) to identify qualified providers of Platform Support Vessels (PSVs), Fast Support Vessels (FSVs), and Tugs for operations in Guyana. This initiative aims to establish enabling agreements for short-term...

Guyana’s Ministry of Labour's Occupational Safety and Health (OSH) Department conducted a detailed inspection aboard the Liza Unity floating, production storage and offloading vessel last week.  The exercise assessed compliance with Guyana's OSH Act 99:06, International Safety Standards, and National...

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply in the market.  The South American government recently reiterated its no interest in an offer from India to buy its crude...

The Prosperity FPSO has completed one year of oil production operations at Guyana's Stabroek Block. To mark the milestone, OilNOW highlights the contribution of Guyanese, Yashawantie Jennifer Pancham, who had the opportunity to test the first oil from the...

Dutch shipbuilder SBM Offshore said it completed the US$1.5 billion project financing of the Jaguar floating production, storage and offloading (FPSO) vessel. ExxonMobil hired SBM Offshore to deliver the Jaguar for its Whiptail project for the Stabroek Block, offshore...

ExxonMobil Guyana Limited (EMGL) is organizing a Contracting Activity Feedback Session for vendors on Thursday, December 12, 2024.  ExxonMobil initiates search for telecom cabling services in Guyana | OilNOW  The company indicated that the virtual meeting would run from 9:00 a.m....

Guyana’s Natural Resource Fund (NRF) received more than US$2 billion in revenue projected this year and is set to receive several hundred million more by year-end.  The Fund received US$151.4 million in oil sales revenue in October, representing payments for...