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...
Guyana collected US$77.9 million (GY$16.2 billion) in royalties from ExxonMobil, Hess (acquired by Chevron) and CNOOC, for crude produced and sold offshore during the second quarter of 2025, according to the latest Natural Resource Fund (NRF) report.
This brought royalty...
Subsea tree awards for the first seven months of 2025 are at their lowest level since 2020, according to Westwood’s Global Subsea Tree Tracker.
Westwood reported that just 97 units have been recorded year-to-date, with Turkey and Norway accounting for...
ExxonMobil is aiming to replicate the remarkable success it has had in Guyana, in neighboring Trinidad and Tobago, and even expects the oil and gas development to progress faster there due to T&T's established industry, deepwater ports and robust...
Oil production has started at ExxonMobil's Yellowtail Development offshore Guyana, making it the fourth mega-project to startup in just five years offshore the South American country. This is according to announcements from the Government of Guyana and ExxonMobil on...
Guyana has emerged as the most active location for Noble Corporation’s floater rigs, with four high-specification drillships operating exclusively in the ExxonMobil-operated Stabroek Block.
According to Noble’s latest fleet status report, the Sam Croft, Bob Douglas, Tom Madden, and Don...
Guyana earned US$34.8 million (GY$7.3 billion) in interest from its oil fund in the second quarter of 2025, more than enough to pay for the construction of a new hospital, based on the Bank of Guyana’s latest report on...
