Oil production at ExxonMobil’s Guyana projects hit a combined 19.6 million barrels in May, the highest monthly volume yet, government data shows.
In May, the Liza 1 project averaged 154,000 barrels per day (b/d), totaling 4.78 million barrels. This project...
Chevron is leveraging new technologies to accelerate offshore energy development, significantly reducing timelines and costs. According to Matt Johnson, a field development and portfolio optimization specialist at Chevron, using field development optimization tools is proving to be a game-changer....
The Guyana government has reaffirmed its commitment to full transparency as plans advance on a landmark gas development project.
“The Government of Guyana has every intention of advancing, in the most transparent manner possible, the development of the infrastructure needed...
CNOOC Petroleum Guyana Limited (CPGL) is set to lease a complex for office and residential use in support of its activities in Guyana for 20 years.
This move is part of CPGL's expansion in the region, which began with its...
MODEC Guyana Inc. (MOG) has issued a Request for Information (RFI) for Floating, Production, Storage and Offloading vessel (FPSO) mooring hook-up services for the Uaru Project.
The project involves the Errea Wittu FPSO, which will be situated 190 kilometers from...
A former ExxonMobil official, Jesus Bronchalo, is the Founder and Chief Executive Officer (CEO) of Fulcrum LNG—a U.S. firm Guyana identified to partner with the government and ExxonMobil on a major natural gas development.
Bronchalo announced his association with Fulcrum,...
Guyana's offshore oil production continues to be a beacon of growth amid global oil supply challenges, according to Rystad Energy’s Vice President and Global Lead of Crude Trading Analysis, Patricio Valdivieso.
“Guyana’s offshore production is a bright spot,” Valdivieso stated.
ExxonMobil...
Guyana has identified Fulcrum LNG to potentially partner with it and ExxonMobil on a natural gas development, President Irfaan Ali said at a June 20 press conference in Georgetown.
The U.S. energy firm was among 17 to submit proposals to...
Westwood Global Energy Group reports that the top 10 offshore drilling contractors manage 29% of the rigs in Latin America. Valaris, Noble, and Borr Drilling each have seven rigs in the region, leading the international presence.
Noble’s fleet is primarily...
In just a few years, Guyana has achieved what many other nations have taken decades to accomplish in the oil and gas sector, said Attorney General Anil Nandlall.
“I don't want to be accused of blowing our own trumpet, but...
