Showing results for:

ExxonMobil sets new Guyana record with over 700,000 barrels per day in Q3 2025

ExxonMobil Corporation today reported record-breaking production from Guyana in the third quarter of 2025, surpassing 700,000 barrels of oil per day and achieving the early start-up of the Yellowtail project, four months ahead of schedule and under budget. ExxonMobil holds...

Noble expands backlog to US$7 billion amid lower quarterly earnings

Noble Corporation reported a net loss of US$21 million for the third quarter of 2025, as rig utilization and revenue declined, but the company strengthened its backlog and maintained strong cash generation. This week, President and Chief Executive Officer Robert...

ExxonMobil invests 1.5 million training hours to build Guyana’s oil and gas workforce – Routledge 

Since 2022, ExxonMobil has invested 1.5 million hours of training to build the skills of Guyanese men and women working in the country’s oil and gas industry. President of ExxonMobil Guyana, Alistair Routledge, on a recent episode of Starting Point...

ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge, said the company’s offshore work is entirely funded by its own cash reserves. “All of the financing of the business here...

ExxonMobil’s Longtail project to operate for 30 years, producing premium condensate and gas

ExxonMobil’s next proposed development offshore Guyana, the Longtail project, is being designed to operate for three decades, making it the company’s longest-running production venture in the Stabroek Block. During an interview with the Starting Point - The Oil and Gas...

ExxonMobil says LNG remains on the table as it weighs the best use of Guyana’s gas resources

ExxonMobil has reaffirmed that Liquefied Natural Gas (LNG) remains a viable option for developing Guyana’s gas resources, even as the company focuses on projects that deliver greater value to the country. Alistair Routledge, President of ExxonMobil Guyana, stated in a...

MODEC seeks fabrication services for upcoming FPSO projects in Guyana

MODEC Guyana Inc. has issued a Request for Information (RFI) seeking qualified suppliers to provide fabrication services for upcoming floating production, storage and offloading (FPSO) projects offshore Guyana. The company is requesting services to supply and fabricate handrails, monorails, and...

DOF Subsea secures one-year contract extensions for vessels supporting ExxonMobil in Guyana

DOF Subsea has announced one-year contract extensions for two of its vessels operating offshore Guyana. The company said in a LinkedIn post on October 23 that the Skandi Nomad is now contracted until the fourth quarter of 2026, while the...

Baker Hughes backlog hits record US$32.1 billion as LNG, offshore orders surge

Baker Hughes has reported a record $32.1 billion backlog in the third quarter of 2025, driven by strong orders in its Industrial & Energy Technology (IET) segment and rising demand from the liquefied natural gas (LNG), power generation, and...

TechnipFMC has an unbroken run of ExxonMobil Subsea awards in Guyana – CEO 

TechnipFMC Chief Executive Officer Doug Pferdehirt has highlighted the company’s exceptional record of securing every subsea production system contract awarded by ExxonMobil in Guyana since 2017. Speaking on the company’s third-quarter 2025 earnings results announced on Wednesday, Pferdehirt said that...

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...