Guyana’s Gas-to-Energy project, one of the country’s largest infrastructure undertakings, is being financed through a mix of private investment, government spending, and external borrowing, with costs spread across offshore and onshore components.
The project, estimated at about US$2 billion, is...
Guyana’s crude is reaching deeper into Asia, with India emerging as a growing destination for cargoes as exports expand eastward. Shipments are being integrated into the country’s large, complex refining system, showing rising demand for Guyana’s crude grades.
According to...
Environmental permits governing Guyana’s offshore oil developments have become stricter since first oil, with expanded requirements for emissions control, monitoring, and financial accountability.
The Liza 1 project, the first commercial oil development offshore Guyana, operated under an environmental permit that...
A 49.4-megawatt (MW) solar farm at the Aurora Gold Mine (AGM) is expected to cut approximately 46,000 tonnes of carbon dioxide emissions annually, reducing reliance on diesel at the company’s mining project.
AGM is owned by China’s Zijing Mining Group.
Prime...
Operators and contractors at the World Oil Deepwater Development Conference in Lisbon, Portugal, identified standardization as a key driver of faster project delivery, while warning it could constrain innovation, according to insights from Welligence.
According to World Oil’s April feature,...
Guyana began selling offshore crude less than a decade after its first discovery. Today, the “Land of Many Waters” produces more than 900,000 barrels of oil per day (b/d) at the ExxonMobil-operated Stabroek Block. But once that oil leaves...
Guyana’s light to medium sweet crude from offshore fields like Liza in the Stabroek Block is finding its way to global refineries, including the Repsol YPF Cartagena Refinery in southeastern Spain. There, crude is transformed into the gasoline, diesel,...
ExxonMobil in an 8-K filing with the U.S. Securities and Exchange Commission (SEC), said higher crude prices could lift upstream earnings by up to US$2.3 billion in the first quarter of 2026, compared with the fourth quarter of 2025.
The...
Updates on offshore drilling activity may trigger expectations of new oil discoveries, but in practice, each well serves a different purpose, and not all lead to commercial production.
In Guyana’s Stabroek Block, where ExxonMobil and its co-venturers continue an active...
ExxonMobil Guyana Limited will continue developmental drilling at the Hammerhead project’s HH_1101 drill center offshore Guyana, according to Guyana’s Maritime Administration Department.
The notice stated that the work is being carried out within the Stabroek Block in Guyana’s Exclusive Economic...
