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“We are willing to learn, build capacity” for oil & gas – Guyanese manufacturing body

The head of a body that represents manufacturers in Guyana says businesses are eager to learn and build capacity in order to capitalize on opportunities in the oil and gas sector. President of the Guyana Manufacturing and Services Association (GMSA)),...

ExxonMobil confirms award of contracts to SBM for Liza project in Guyana

ExxonMobil has formally confirmed the award of contracts to SBM Offshore for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a Floating Production, Storage and Offloading Vessel...

Hess to sell enhanced oil recovery assets in Permian Basin

Hess Corporation said on Monday it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation (NYSE: OXY) for a total consideration of $600 million, effective...

ExxonMobil to provide plan for sourcing goods and services in Guyana, utilizing local labour

US super-major ExxonMobil will have to provide a detailed plan to the Guyana government for the procurement of goods and services in the country as well as the employment and training of Guyanese citizens, in keeping with requirements of...

450 million barrels of oil will be produced in Phase-1 Liza development

Approximately 450 million barrels of oil will be produced in the first phase of the Liza oil field development, 120 miles offshore Guyana. The Liza Phase 1 development includes a subsea production system and a floating production, storage and offloading...

ExxonMobil makes final investment decision for Liza phase-1 development

Exxon Mobil Corporation said Friday it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The announcement comes...

ExxonMobil gunning for pay sands at Payara-2 well

Following on the success of the Liza, Payara and Snoek wells offshore Guyana, US super-major ExxonMobil and its partners Hess and CNOOC Nexen will soon commence a new drilling campaign hoping to further solidify its previous discoveries. On June 20, ExxonMobil...

Local content expert to work with Guyanese private sector

Business operators in Guyana eager to get involved in the country’s emerging oil and gas sector will soon benefit from the input of a local content specialist. OilNOW understands the Guyana government is hiring the expert based on the completion...

Henson takes up leadership of ExxonMobil frontier operations in Guyana

ExxonMobil’s newly installed Country Manager in Guyana, Rod Henson, will be looking to continue the stretch of good fortune seen by the company over the last 2 years, offshore the South American country. Exxon made the biggest oil discovery...

TechnipFMC opens new facility in Texas

TechnipFMC has opened a new facility in Odessa, Texas which will bring together its surface product and service lines in one consolidated complex so that the company can better support the Surface Americas’ integrated pad offering to clients. The facility...

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Eco Atlantic to acquire JHI in US$52M deal, gaining stake in Falklands basin and Guyana’s Canje Block

Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to...