The subsea and pipeline network for Guyana’s landmark gas-to-energy project is poised to see a US$1.3B (GY$260B) investment from ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to the Environmental Impact Assessment (EIA) which was released on Wednesday,...

SBM Offshore posted footage of the lifting of the first series of topside modules onto the hull of the Prosperity floating production, storage and offloading (FPSO) vessel, on Wednesday. Work on the FPSO for ExxonMobil Guyana’s third development project at...

Initial estimates for Guyana’s massive gas-to-energy project hover around US$900 million to US$1 billion, with potential to increase, but considering the South American country has zero infrastructure in place and is essentially starting from scratch, one economist says the estimates...

The giant Saipem 7000 heavy lift crane vessel partially capsized on Thursday during a lifting incident in a fjord in Norway. Reports from the Norwegian Maritime Directorate suggest that all 275 crew members were rescued; no injuries were sustained. Norwegian Media...

While some environmental and other interest groups have criticized Guyana over the rapid pace at which the South American nation is developing its oil and gas resources, with some even calling for it to be left in the ground,...

High-impact exploration in deepwater plays is reserved to major oil players – like ExxonMobil, TotalEnergies, BP, Royal Dutch Shell – and a few leading National Oil Companies (NOCs). The reason, according to UK-based consultancy group Wood Mackenzie, is because only...

After encountering 45 dry holes over a period of 50 years, Guyana’s oil story has dramatically changed in just 7 years with the South American country hitting 31 discoveries offshore since 2015, most of which have been commercial finds...

The latest report from the Intergovernmental Panel on Climate Change (IPCC) released last week says it’s “now or never” for governments to start staving off emissions to save the planet from irreversible climate disaster. Rich countries seem to be...

Guyana has so far approved a total of four offshore developments at the ExxonMobil-operated Stabroek Block, that when combined, will be targeting just over 25 percent of the 10 billion oil equivalent barrels found so far since 2015. The projects...

When compared to the other permits issued for the Liza Phase 1, 2 and Payara Projects in the Stabroek Block, the Yellowtail Environment Permit is armed with the most superior provisions for insurance and oil spill prevention and management. Making...