U.S. oilfield equipment maker NOV Inc. announced that it won a third-quarter contract from ExxonMobil Guyana to supply an actively heated flexible pipe system for the Hammerhead field development offshore Guyana.
NOV said the scope of work includes the design,...
Independent energy consultant and reservoir engineer Les Anthony said more than 180 million barrels of oil remain recoverable from ExxonMobil’s Liza 1 project offshore Guyana, even as production from the country’s first oil development shows signs of decline after...
Guyana’s crude oil production for the full year is on track to average between 700,000 and 725,000 barrels per day (b/d), after the Yellowtail project lifted output to 900,000 b/d in the latter half of the year.
Government data reviewed...
Guyana’s Natural Resource Fund (NRF) received about US$195 million in November 2025, driven by crude oil sales and the first signing bonus paid to the fund, according to the latest NRF report.
The fund took in roughly US$191.6 million from...
Construction of the Guyana Technical Training College (GTTC) at Port Mourant, Berbice has been completed and the facility is ready to receive its first full cohort of students in January, President Irfaan Ali revealed this week on Facebook.
The campus...
BOURBON signed a five-year contract with ExxonMobil Guyana Limited to provide maritime support services from early 2026, the French offshore operator said on Wednesday.
The deal includes extension options and will deploy the large platform supply vessel Bourbon Calm to...
DOF Subsea’s Skandi Constructor made its first entry into the Demerara Channel and Port of Georgetown on December 3, a major development for Guyana’s offshore support capabilities. The Centre for Local Business Development announced the visit on December 9.
The...
Guyana is preparing to launch its first 3D multi-client seismic survey since 2008, a move officials say will shape future licensing rounds and strengthen the country’s position as a competitive exploration destination.
The update was delivered by Bobby Gossai, Senior...
Chevron Corporation’s newly announced 2026 capital program puts fresh emphasis on Guyana, underscoring the company’s deepening stake in one of the world’s most prolific oil basins, following its acquisition of Hess Corporation.
The company unveiled an organic capex range of...
Guyana’s crude exports in November showed a broad spread of destinations, with rare buyers in Asia taking barrels displaced by an increasingly saturated European market, according to data from the Maritime Administration Department (MARAD) and vessel-tracking platforms.
A total of...
