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Exxon submits environmental study for giant 20-year Yellowtail project

ExxonMobil has submitted the Environmental Impact Assessment (EIA) and Environmental Impact Statement (EIS) to Guyana’s Environmental Protection Agency (EPA) for the giant 250,000 barrels per day Yellowtail Development Project which is expected to last for at least 20 years. The...

CNOOC sponsors 18 scholarships to upskill Guyanese in energy sector

Given that the aim of the University of Guyana’s (UG) Institute for Energy Diplomacy (UGIED) is to deliver energy upskilling in line with local content requirements, CNOOC Petroleum Guyana (CPGL) is funding 18 scholarships for Professional Executive Energy Training. The...

Investigation launched into former Finance Minister’s handling of US$18M signing bonus

The actions of ex-Finance Minister Winston Jordan regarding the APNU+AFC government’s handling of the US$18 million signing bonus from ExxonMobil in 2016 is up for investigation according to Guyana’s Attorney General (AG) and Minister of Legal Affairs, Anil Nandlall,...

Guyana’s 3rd oil production vessel enters dry dock in Singapore

The massive hull for the Prosperity floating production storage and offloading (FPSO) vessel has entered drydock at the Keppel Shipyard in Singapore, SBM Offshore announced on Wednesday. The Prosperity is Guyana’s 3rd FPSO and will follow the Liza Unity which is...

Exxon advancing installation activities for Liza Unity FPSO

Guyana’s Maritime Administration Department (MARAD) has announced that preparations for commencement of installation activities at the Stabroek Block for the Liza Unity Floating Production Storage and Offloading (FPSO) vessel will soon get underway, as the South American country prepares...

Current oil prices will generate ‘wall of cash’, Guyana barrels well positioned, says industry experts

As Brent oil price continues to rise, a researcher at consultancy group Wood Mackenzie says the upstream industry is set to generate a windfall and this presents a golden opportunity to reposition for a very different future. In previous upcycles...

Analyst says Exxon can pave low-carbon path for Guyana

Guyana’s massive Stabroek Block is a prime example of where cleaner crude reservoirs can be prioritized to generate less emissions while maximising returns to investors and the government. With around 10 billion barrels of oil equivalent discovered since 2015...

Cataback will help determine volume of fluids in area close to Turbot/Tripletail

ExxonMobil’s most recent success offshore Guyana at the Cataback-1 well will help determine the volume of fluids and development potential in the area close to the Turbot/Tripletail discoveries. The Cataback-1 well encountered 243 feet (74 meters) of net pay in...

Combined solution for Guyana-Suriname gas might be appropriate, says TotalEnergies CEO

CEO of TotalEnergies, Patrick Pouyanne, said while a rapid development of Suriname oil resources would be desirable financially, how to "valorize" the associated gas remains a big question and with similar considerations offshore Guyana, a combined solution for commercializing...

Guyana government applauds ‘25 viable discoveries’, says local content remains key

The Guyana government said on Thursday the latest oil discovery announced by ExxonMobil at the Cataback-1 well further enhances the country’s offshore potential, and that it is working to ensure Guyanese enjoy maximum benefits from the rapidly growing hydrocarbon...

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Berbice gas development pipeline could cost US$2B, ‘not a small investment’ – says ExxonMobil Guyana President

The pipeline to support Guyana’s gas development in East Berbice-Corentyne (Region Six) could cost about US$2 billion or more....