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...

The Guyana government is seeking a consultant to review and evaluate ExxonMobil's proposed Hammerhead oil development, its seventh offshore project.  A request for expressions of interest, issued through the Ministry of Natural Resources, aims to secure consulting services with part...

ExxonMobil forecasts a dip in Q3 2024 earnings due to market factors, with estimated total earnings at US$9.2 billion.  ExxonMobil’s advantaged assets in Guyana, Permian Basin pushing it well ahead of competition | OilNOW A key factor is declining liquid prices,...

Guyana’s Vice President, Bharrat Jagdeo, said he looks forward to the potential “shared infrastructure” Guyana and Suriname can have as contiguous states with significant petroleum resources.  TotalEnergies recently announced its final investment decision (FID) for the Block 58 Gran Morgu...

ExxonMobil, Chevron, Shell, BP, and Eni are among 27 companies that have submitted bids for Guyana's crude marketing contract. ExxonMobil is the operator of the Stabroek Block where all crude production offshore Guyana is currently being executed. This includes the...

Hess Corporation announced the completion of the Federal Trade Commission (FTC) antitrust review of its merger with Chevron, satisfying a key condition for the transaction's closure.  In an announcement, Chief Executive Officer, John Hess, expressed optimism about the deal. “This...

After a July of shutdowns at the Liza field, crude oil production has returned to more than 600,000 barrels per day (b/d) in August.  The shutdowns for the connection of a natural gas pipeline lasted July 2-15 for Liza 2,...

Guyana’s Vice President Bharrat Jagdeo has assured that consumers will benefit from a 50% reduction in power costs almost immediately after the Gas-to-Energy project becomes operational.  “I don’t know if it will be one day, a week, or so, but...

CNOOC Petroleum Guyana Limited (CPGL) has announced plans to establish a new data storage and sharing platform to meet the growing collaborative needs of its global workforce. This system will enhance CPGL's capacity to manage increased production and development...