The development of ExxonMobil’s projects and continued exploration success in the Stabroek Block is pushing the steady advancement of local capabilities and enhanced economic growth in Guyana.
In a press release on Monday, ExxonMobil revealed that since 2015, it has...
Days after government and regulatory approvals were granted for the massive Yellowtail project, Hess Corporation announced its final investment decision on the project with a commitment of US$2.3 billion.
This represents the company’s net share of development costs, excluding pre-sanction...
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), expects the Yellowtail project to be instrumental in helping secure the energy transition, it said as it announced the final investment decision (FID) on Monday morning.
“Yellowtail’s development further demonstrates the...
The Yellowtail Project will add to Liza Phase 1, 2 and Payara, contributing positively to economic growth in Guyana, including increased national revenues, which will result in increased government investments in public services and infrastructure; local procurement of select...
The Environmental Protection Agency (EPA) disclosed on Friday that it gave approval ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) to move ahead with the Yellowtail Project.
The regulatory body said an Environmental Permit was granted for a period...
Given the favourable economics of the ExxonMobil-led Stabroek Block projects, Guyana’s projected trend of historic Gross Domestic Production (GDP) growth per capita will very likely continue for years to come. To ensure this level of economic growth translates to...
While efforts continue towards the advancement of oil production operations at the Stabroek Block offshore Guyana, the government is also ensuring progress is made on the finalisation of the expanded Low Carbon Development Strategy (LCDS) 2030.
In fact, Natural Resources...
Authorities in Guyana simulated a tier two oil spill on Wednesday as it tested its national response mechanisms. A tier two response involves the mobilization of national and regional resources to respond – one notch above tier one, the...
Negotiations are underway for the Stabroek block consortium to provide a guarantee that they would have adequate resources to respond to an oil spill. Arthur Deakin, who is energy co-director at Americas Market Intelligence (AMI), said that while this...
The need for any country to build resilience against oil price volatility and global supply shocks is a recurring conversation. But when Russia invades Ukraine, and causes the biggest oil price jump in years, the urgency to convert this...
