Liza Phase 1 producing 10% above design capacity – ExxonMobil Chairman
…reports $17.9B earnings in second-quarter 2022
United States oil major ExxonMobil has increased its production capacity offshore Guyana to more than 340,000 oil-equivalent barrels per...
Govt negotiating US$2B insurance policy with ExxonMobil – AG Nandlall
…says Opposition’s motion was “misconceived, flawed”
The Guyana Government is currently negotiating an insurance coverage of up to US$2 billion with ExxonMobil in the case...
Breaking: ExxonMobil makes 2 more discoveries offshore Guyana
Please see below full press release:
IRVING, Texas – ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara...
Guyana’s annual oil revenue to go from US$1B in 2022 to US$7.5B by 2030...
…expected to become world’s 4th largest offshore oil producer by 2035
Guyana’s oil earnings are projected to go from US$1 billion this year to US$7.5...
More amendments to be made soon to Petroleum Act – VP
…as Govt seeks to strengthen regulation of oil sector
With the Government having passed the Petroleum (Exploration and Production) (Amendment) Act 2021 in the National...
Works commence on US$300M shore base facility for ExxonMobil
Just days after the sod was turned for the construction of the US$300 million shore base facility for ExxonMobil at Port Vreed-en-Hoop, the dredging...
Brazil’s Petrobras buys 1st crude shipment from Guyana
…as state-owned Brazilian company looks to diversify suppliers
Guyana has registered two lifts of one million barrels of crude each from the Liza Phase One...
Govt to tender for int’l project manager for gas-to-shore development
…RFPs sent out to prequalified companies; to be received by July
The Government of Guyana plans to go out to tender for an international project...
Phase 1 of Exxon’s Shore Base facility at Vreed-en-Hoop to commence by month-end
– 100 workers including locals to be employed
Several vessels have arrived in Guyana’s waters for the commencement of the first phase of construction for...
Wales to undergo massive development with gas-to-shore project – VP Jagdeo
…to cut cooking gas imports, slash electricity costs by 50%
Unprecedented transformation will lead to a booming hub in the once sugar-driven community of Wales...
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See statement from Director of Guygas Inc. Siri Persaud:
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