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ExxonMobil Guyana charts path from zero to 1.5 million barrels per day with Hammerhead project

ExxonMobil Guyana has confirmed that its operations in the Stabroek block will reach a combined production capacity of 1.5 million barrels of oil per day by 2029, marking a ten-year leap from first oil to one of the fastest...

ExxonMobil continues drilling at Yellowtail as ONE GUYANA FPSO ramps up production

ExxonMobil Guyana Limited (EMGL) continued developmental drilling on September 20 at the Yellowtail Project’s YT_1P10 drill center within the Stabroek Block.Ā  The Noble Don Taylor rig will carry out the operation until October 31, 2025, according to a recent notice...

Majors pivot back to frontier basins with bold deepwater plays, says Rystad Energy

Rystad Energy says some of the world’s largest oil companies are once again turning to frontier basins in search of major discoveries, with recent acquisitions in less-explored, riskier areas. In a LinkedIn post on September 22, Nishigandha, a senior Exploration...

Maersk, GTI to deliver world-class training for Guyana workforce

Maersk Training is partnering with Global Technology Incorporated (GTI), an academic center in Guyana, to strengthen local training and workforce development, according to a company announcement on LinkedIn. In the September 17 post, Bruno Aguiar Thomaz, Managing Director of Maersk...

Noble Tom Madden continues development drilling at Uaru

ExxonMobil Guyana Limited (EMGL) continued developmental drilling at the UA_4i02 Drill Center, part of the Uaru project in the Stabroek Block.  The campaign, underway since September 21, is being executed by the Noble Tom Madden drillship and is scheduled to...

ExxonMobil sanctions 7th Guyana project; first oil in 2029

ExxonMobil has made a final investment decision (FID) for the development of the Hammerhead discovery offshore Guyana, its seventh sanctioned project in the Stabroek Block, targeting first oil in 2029. The news comes on the heels of the issuance of...

Guyana issues production license for Exxon’s US$6.8 billion Hammerhead project

Guyana’s Ministry of Natural Resources announced on Monday that it has approved ExxonMobil’s Hammerhead project, a US$6.8 billion venture that will increase oil production capacity by 150,000 barrels per day (b/d). Oil from Hammerhead, discovered in the southwestern part of...

Chevron CEO hails Hess deal as 2025’s biggest U.S. merger, bets on lasting oil demand

Mike Wirth, Chief Executive Officer of Chevron, defended the company’s oil-first strategy in a recent interview with the New York Times, even as the International Energy Agency (IEA) projects that global demand could peak before 2030. Wirth, who has led...

Noble, EDO and MATPAL gear up for recruitment drive in Guyana’s Essequibo region

The Noble Recruitment Drive is set to arrive in Parika in theĀ Essequibo Islands-West Demerara region of Guyana on Sunday, bringing opportunities for locals seeking careers in the offshore industry. The event will be hosted at the Market Tarmac near the...

Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be fully trained locally beginning in October 2025, ExxonMobil Guyana announced on Wednesday.Ā  The move marks a milestone in the country’s local...

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Eni, Repsol deal targets 645 mcf/d domestic supply at Venezuela’s Perla field ahead of 2031 exports

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field...