Apart from the profit oil and royalty the State stand to gain, ExxonMobil’s US$10 billion Yellowtail Project in the Stabroek Block which is set for first oil in 2025-2026, is poised to unleash a tsunami of economic benefits for...

Dr. Terrence Richard Blackman - OilNOW On February 15th - 18th, 2022, an International Energy Conference & Expo: Charting a Sustainable Energy Future was held at Guyana's Marriott Hotel. One highlight of the meeting was the panel discussion on Guyana's...

The Office of the President said that the government and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will team up to provide oil and gas training to locals. The commitment was made during a high-level meeting between officials...

Canadian oilfield service company, Shawcor Ltd., has received a Letter of Intent (LOI) with Saipem to see pipe coating for ExxonMobil’s Yellowtail project in Guyana’s Stabroek Block, set to begin in early 2023. Yellowtail is scheduled for first oil...

The billions of barrels of oil resources that have been found offshore Guyana could help fill gaps in supply in the coming years if US upstream producers continue to stick to capital discipline as a corporate strategy, which shows...

The first cargo from ExxonMobil’s Liza Phase 2 Development offshore Guyana has arrived in the US, according to domestic customs data, said Anthony Starkey, senior adviser, trade flow and modelling for S&P Global. Arrival date was March 29 aboard the...

SBM Offshore confirmed on Tuesday that it has been awarded contracts for the construction of the ‘One Guyana’ floating production, storage and offloading (FPSO) vessel by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). “Under these contracts, SBM Offshore...

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...