Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by a new contract with ExxonMobil Guyana Limited for the Hammerhead development in the Stabroek Block.
The company said orders received totaled...
ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block.
Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000...
ExxonMobil Guyana Limited (EMGL) has expanded its offshore data acquisition work, with new geotechnical, underwater, and seismic surveys underway across the Stabroek Block.
According to a notice from the Maritime Administration Department, geotechnical surveying operations commenced on November 15 and...
Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production continued to climb with ExxonMobil’s new Yellowtail project. Data compiled from the Maritime Administration Department (MARAD) and ship-tracking platforms MarineTraffic,...
ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey, marking the country’s entry into large-scale gas development. He was speaking at the Berbice Development Summit, where he outlined how...
Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and Energy Industries to discuss expanding the company’s presence in the country’s energy sector.
The meeting, held on Wednesday (November 13) at...
ExxonMobil Guyana Commercial Manager Paul Foster on Tuesday said that there are unique advantages to investing in Guyana, as he urged potential investors to plan and align strategies on natural gas-fed projects to be located at an upcoming industrial...
In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of Guyana and Cerebras Systems – an American artificial intelligence (AI) company – signed a landmark Memorandum of Understanding (MOU) to...
Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the prolific ‘Golden Lane’ trend. This is according to a November 11 report from global energy...
Minor changes have been made to the non-fiscal terms in Guyana’s new model Production Sharing Agreement (PSA), according to Minister of Natural Resources, Vickram Bharrat.
The terms govern Guyana’s first offshore auction. Concerns were raised by Stabroek Block operator ExxonMobil....
