Guyana’s next Stabroek Block development could potentially be ExxonMobil’s Longtail discovery, Vickram Bharrat, the country’s Minister of Natural Resources said. “They are already moving ahead with Hammerhead, and we have heard talks that Longtail will come after that,” he said. The...

The field development plan for ExxonMobil’s Hammerhead project is expected in the first quarter of 2025, according to Guyana's Minister of Natural Resources Vickram Bharrat.  “...then we will do our necessary due diligence with the view of issuing the license...

ExxonMobil’s oil production operations offshore Guyana could achieve up to 708,000 barrels per day (b/d) without breaching limits used to assess their environmental impacts.   The limits are captured in Environmental Impact Assessments (EIA) which formed part of the review processes for the...

ExxonMobil intends to purchase the Liza Destiny and Prosperity floating production storage and offloading vessels (FPSOs) from SBM Offshore, the shipbuilder reported in its half-year earnings.  SBM Offshore said both purchases are expected in the “second half of 2024, ahead...

Construction of the ONE GUYANA floating, production, storage and offloading vessel (FPSO) is about 75% complete, according to new updates from SBM Offshore.  The company, in its Half Year report for 2024, said the topside modules lifting campaign has been...

Guyana has reported a 64% increase in foreign direct investment (FDI) for 2023, showcasing the nation’s rising influence on the global energy stage. The 2024 edition of the Economic Commission for Latin America and the Caribbean (ECLAC) “Foreign Direct Investment...

ExxonMobil Guyana achieved a milestone in the first half of 2024, producing approximately 113.5 million barrels of crude oil in just six months. This is almost equivalent to the 114.2 million barrels produced in the first nine months of...

By Chevy Devonish Guyana’s highest court, the Caribbean Court of Justice (CCJ) recently handed down two significant decisions which will affect future oil and gas operations and litigation in the South American country. These decisions are Ramon Gaskin v. Minister of...

Tim Chisholm, a former executive at Hess Corp., made a bold career-defining bet on Guyana's oil potential. In 2014, Chisholm was instrumental in Hess taking a 30% stake in the Stabroek Block, a decision he passionately defended.  “I bet my...

ExxonMobil Corporation announced its second-quarter 2024 earnings, reporting US$9.24 billion in earnings for the quarter and US$17.5 billion year-to-date, compared to US$19.3 billion in the first half of 2023.  Earnings excluding identified items were US$17.5 billion, down from US$19.5 billion...