ExxonMobil is warning that “sustained investments are more important than ever” in oil and gas, with its newly released Global Outlook report projecting a dangerous mismatch between supply and demand if capital dries up.
The report, titled ‘Our view to...
The first cargo from ExxonMobil Guyana’s newly commissioned Yellowtail oil project is bound for the Netherlands, one of the leading destinations for Guyana’s crude, according to OilX, a flows intelligence firm.
OilX initially flagged the Yuan Bei Hai tanker as...
Oil is a major discussion point ahead of Guyana’s September 1 general election. The ruling People’s Progressive Party/Civic (PPP/C) is campaigning on a platform of continuity, while opposition parties vow to impose stricter oversight and secure a greater share...
Chevron’s entry into Guyana’s Stabroek Block will not disrupt ongoing operations, according to Schreiner Parker, Partner and Head of Emerging Markets & NOCs at Rystad Energy.
In an exclusive interview with OilNOW, Parker said, “Chevron is one of the biggest...
Oil production offshore Guyana held steady in July, ahead of the Yellowtail project's start earlier this month.
ExxonMobil produced an average of 664,000 barrels per day (b/d) in July, nearly unchanged from June. Total monthly output reached 20.58 million barrels,...
OMNI Helicopters is preparing to roll out a new super medium helicopter for civilian use, with Guyana set to become the first country where it enters commercial service.
Country Manager Sean Western confirmed the move during a graduation ceremony on...
In the span of five years, Guyana has transformed from a newcomer in oil production into one of the world’s fastest-expanding petroleum hubs. What began in 2020 with a single floating production, storage and offloading (FPSO) vessel has grown...
Production across the Americas is forecast to reach 63 million barrels of oil equivalent per day (mmboe/d) by 2031, a 7% increase from 2024, according to Westwood Global Energy Group’s June Wells & Production Outlook – Americas.
However, the consultancy...
ExxonMobil Guyana Limited (EMGL) has issued a Request for Information (RFI) to identify suppliers capable of providing and operating Multi-Purpose Support Vessels (MPSVs) for offshore operations.
The company said the enabling agreement would be non-committal and is expected to run...
Saipem has announced the completion of its contracted scope of work for ExxonMobil Guyana’s Yellowtail field in the Stabroek Block, located in water depths of about 1,800 metres.
The contract, awarded in 2022, covered the Engineering, Procurement, Construction, and Installation...
ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring...
