Guyana's Vice President Dr. Bharrat Jagdeo said April 27 that the review of the field development plan for the Liza project has been completed, to give effect to the Gas-to-Energy (GTE) project.  “The field development plan for Liza has been...

Oil and gas engineering firm TechnipFMC has been awarded a large contract to provide the subsea production system for ExxonMobil Guyana's Uaru project. The contract covers the supply of 44 subsea trees, 12 manifolds, and associated equipment. This is the...

American multinational, ExxonMobil Corporation disclosed on April 28 that its Beaumont refinery in Texas is now the second largest in the United States (US) on account of a 250,000 barrel-per-day expansion project. The refinery now has a processing capacity...

ExxonMobil Guyana said more than 5,000 Guyanese nationals are supporting its operations as its projects continue to drive growth in the world's fastest growing economy. Exxon said too that its operations, including the work of its key contractors, are...

Guyana's Vice President Dr. Bharrat Jagdeo said the demand for excess gas from the country's mega Gas-to-Energy initiative is secure for the 20-year life of the project, as the government has received several expressions of interest. With key preparatory...

The MODU Stena DrillMax will be used to continue development drilling activities at ExxonMobil Guyana’s Yellowtail well site in the offshore Stabroek Block.  An April 27 Notice to Mariners by the Maritime Administration Department (MARAD) said the exercise will conclude...

Guyana’s Liza Phase 2 Project and its accompanying Liza Unity production vessel are expected to undergo a series of maintenance and debottlenecking activities that will push production from 220,000 barrels of oil per day (bopd) to 250,000 bopd by...

Guyana’s Ministry of Natural Resources (MNR) announced approval of the Uaru Field Development Plan and the issuance of the Uaru Petroleum Production License, on April 28.  Hess Corporation, a 30% stakeholder in the project, said it made a final investment...

Guyana's Environmental Protection Agency (EPA) moments ago approved ExxonMobil's fifth Stabroek Block development, Uaru. This will take production above one million barrels per day. The new permit has these key updates as noted in the EPA's release: Flaring Like its predecessors,...

American oil producer Hess Corporation disclosed on April 26 that it earned net income of US$346 million, or US$1.13 per share, in the first quarter of 2023, compared with net income of US$417 million, or US$1.34 per share, in...