The Government of Guyana has issued a Request for Proposals (RFP) seeking qualified firms to manage the operations and maintenance (O&M) of a 300-megawatt (MW) power plant and related auxiliary facilities as part of the Gas-to-Energy Project. This power...

Exploration drilling continues at ExxonMobil’s Haimara-3 well in Guyana’s Stabroek Block. The campaign is being undertaken by the Stena DrillMAX rig.  Guyana’s Maritime Administration Department (MARAD) said activities will conclude on November 1 at the site, situated approximately 123.3 nautical...

Over 50 people from TechnipFMC’s Brazil team completed the load out of six manifolds for ExxonMobil’s fourth Stabroek Block development - Yellowtail.  According to TechnipFMC, it was the team’s largest ever, resulting from “teamwork, collaboration, and safety.”  The Yellowtail Development includes...

The Stena DrillMAX, under contract with ExxonMobil, is returning to Guyana after completing exploration drilling at the Persephone wildcat well in the Orphan Basin, located off the northeast coast of Newfoundland and Labrador, Canada. ExxonMobil said the Persephone well,...

Guyana’s Natural Resource Fund (NRF), which holds government revenue from offshore oil production, received approximately US$80 million in August 2024. This sum was for the sale of approximately one million barrels of crude oil. This marks the 16th lift of...

South America's newest oil producer, Guyana, continues to stand out as a highly competitive destination for deepwater projects around the world. U.S. oil major ExxonMobil is currently spending around 20% of its total exploration and production (E&P) investments in...

SBM Offshore announced today that the ONE GUYANA floating, production storage and offloading vessel has completed its final module lifts at the Seatrium yard in Singapore.  This vessel, destined for ExxonMobil’s Yellowtail field in the Stabroek Block offshore Guyana, is...

The balance of Guyana’s Natural Resource Fund (NRF) was US$2.94 billion at the close of August, with the government recently estimating it will close the year at US$3.15 billion. The administration has revised its projection of revenue from oil production...

Guyana needs marketers to maximize returns from the sales of its growing crude oil production. The government, through the Ministry of Natural Resources, has issued an invitation for bids for the provision of marketing services for its oil entitlement...

ExxonMobil has commenced exploration drilling at the Redmouth-1A well in the Stabroek Block offshore Guyana. Previously, the company drilled the Redmouth-1 well in the second quarter of 2024.  The ‘A’ notation indicates that ExxonMobil has re-spud the well to relocate...