Showing results for:

ExxonMobil seeks local insurer for Hammerhead-related exposures

ExxonMobil Guyana Limited has issued a Request for Information (RFI) to identify qualified suppliers to provide a Local Insurance Policy for the Hammerhead Construction All Risk (CAR) Insurance Package Program. The RFI seeks insurers who meet the requirements under section...

Yellowtail produced 134,000 b/d in September

Oil production at ExxonMobil's Yellowtail development offshore Guyana averaged 134,000 barrels per day (b/d), increasing from 75,000 b/d in the previous month, government data shows. Yellowtail, ExxonMobil’s fourth project offshore Guyana, started production on August 8 and is ramping...

Exxon, partners recover US$6.6 billion in Guyana oil costs in first half of 2025 – Finance Ministry reports

ExxonMobil and its partners recovered about US$6.6 billion in costs from Guyana’s oil sector in the first half of 2025, the Ministry of Finance said in its mid-year report. The report, released on Monday, reflects the continued recouping of...

Chinese engineering giants among 12 groups vying to build natural gas facility in Guyana

Twelve groups, including several major Chinese engineering firms, have submitted proposals to construct a natural gas liquids (NGL) storage and marine offloading facility in Guyana — a key component of the country’s landmark Gas-to-Energy project. The National Procurement and Tender...

ExxonMobil to showcase Proxxima technology on upcoming Hammerhead FPSO

ExxonMobil will put its new Proxxima materials to the test on the upcoming Hammerhead floating production, storage and offloading (FPSO) vessel, its seventh development in Guyana’s prolific Stabroek Block. Chairman and Chief Executive Officer Darren Woods made the disclosure during...

Here’s everything you need to know about ExxonMobil’s proposed Longtail development 

ExxonMobil’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated gas production. The project, which targets a final investment decision in 2026, is expected to operate for three decades and...

Chevron CEO hails Guyana progress, praises team behind Yellowtail, Hammerhead projects

Chevron’s Chairman and Chief Executive Officer, Mike Wirth, said the company is pleased with progress in Guyana following its acquisition of Hess Corporation’s assets.  Speaking during Chevron’s third-quarter 2025 earnings call, Wirth confirmed that the Yellowtail project began production during...

TechnipFMC and DOF to host supplier forums in Guyana as subsea demand grows

Two of ExxonMobil’s key subsea contractors — TechnipFMC and DOF Subsea — are set to host Supplier Engagement Forums in November as Guyana’s offshore oil industry continues to expand. Both events will take place at the Centre for Local...

‘Discovery 6’ Supercomputer unlocks over US$1 billion in value from Guyana operations – ExxonMobil

ExxonMobil has commissioned one of the world’s most powerful supercomputers, Discovery 6, to boost efficiency and accelerate data analysis across its global portfolio, including its offshore operations in Guyana. Developed with Hewlett Packard Enterprise and Nvidia, the system ranks 17th...

Chevron earnings dip as Guyana operations strengthen portfolio

Chevron Corporation today reported earnings of US$3.5 billion (US$1.82 per diluted share) for the third quarter of 2025, down from US$4.5 billion (US$2.48 per share) in the same period last year.  The decline was driven mainly by lower crude prices...

Latest News

Guyana oil fund got US$253 million in February

Guyana’s Natural Resource Fund (NRF) received US$253 million (GY$53 billion) in February from the sale of the country’s share...