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Guyana gov’t banking on earnings from sale of NGLs to repay Exxon for Gas-to-Energy project

Guyana will owe ExxonMobil and its co-venturers US$1 billion for the cost of the pipeline and associated infrastructure that it has been charged with developing for the Gas-to-Energy project. And according to Vice President Dr. Bharrat Jagdeo, this project...

Guyana FPSOs more reliable than anything we have in upstream portfolio – Exxon official

The reliability of the floating production, storage and offloading vessels (FPSOs) in the ExxonMobil-operated Stabroek Block, remains unmatched. So said its Upstream President Liam Mallon during an interview with OilNOW. “…these facilities are running as reliable or more reliable than...

New edition of Guyana Energy Brief launched; country’s growth rate ‘beyond remarkable’ says President

As thousands converged at the Marriott Hotel for the International Energy Conference and Expo 2023 last week, the Government of Guyana launched its Guyana Energy Brief 2023. The Magazine outlines Guyana’s Energy Outlook, Transformation of the Upstream Market, Growth of...

Interview with Exxon’s Liam Mallon premieres today on OilNOW

Liam Mallon, President of ExxonMobil Upstream Company sat down with OilNOW last week in Georgetown, Guyana to discuss the company’s operations in the South American country where it has so far found around 11 billion barrels of oil equivalent...

Exxon seeking onshore/offshore emergency medical services for Guyana operations

ExxonMobil Guyana is planning to put in place agreements for the provision of general and emergency medical services as its operations in the South American country continue to rapidly expand. According to two public Requests For Information (RFI), EEPGL is...

SBM Offshore Vendor Forum, youth engagement sessions on today at Int’l Energy Conference

SBM Offshore Guyana is set to host a Vendor Forum today at the International Energy Conference which is being hosted at the Guyana Marriott Hotel in Georgetown. The forum, scheduled for 9:00 am, presents an opportunity for stakeholders and local...

Guyanese investors confident of delivering world class shore base to Exxon

Director of the Vreed-en-Hoop Shore Base Inc. (VEHSI) Nicholas Deygoo-Boyer remains confident of the company’s ability to deliver a fully operational shore base to Stabroek Block operator ExxonMobil Guyana come December 2023. Vreed-en-Hoop Shore base Inc. is a joint venture...

Local Content law was never designed to hinder investment – Guyana Minister 

Guyana is abuzz with economic activity; a direct result of the massive oil and gas finds in the ExxonMobil-operated Stabroek Block, and this has led to increased interest from investors across the globe looking to cash in on the...

Frontera to pump one-third of 2023 CAPEX on Guyana projects – CEO

One-third of Frontera Energy’s 2023 capital expenditure budget will be spent on its operations in Guyana, said Chief Executive Officer (CEO) Orlando Cabreles. Frontera’s CAPEX spend this year, Cabreles said, should fall between US$385 million and US$440 million. “.. and one-third...

Gov’t to pay Exxon US$55M each year to recover cost for gas pipeline

Guyana is set to pay ExxonMobil Guyana US$55 million each year in recovery costs for the massive gas pipeline being built by the oil giant for its landmark gas-to-energy project. This update was provided by Winston Brassington, Head of Guyana’s...

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SBM Offshore gets front-end engineering contract for ExxonMobil’s Longtail FPSO

ExxonMobil Guyana awarded contracts to SBM Offshore to perform front end engineering and design (FEED) studies for the Longtail...