Exxon group’s total spend to date stands at US$29B; only 65 % recovered- Routledge
While ExxonMobil Guyana and its partners, Hess Corporation and CNOOC Petroleum Guyana Limited, have pledged an investment to the tune of US$40 billion, its...
SBM to host Local Content Summit during Guyana’s Energy Conference
Dutch shipbuilder, SBM Offshore recently announced that it will host a Local Content Summit, slated to take place during the upcoming Guyana Energy Conference...
Exxon targetting total output of 500M barrels of oil by year end – Exxon...
Head of ExxonMobil Guyana Limited, Alistair Routledge said his company has set an ambitious target of reaching a total cumulative output of 500 million...
Exxon hunting for two major discoveries for standalone projects says gas exploration on the...
ExxonMobil Guyana Limited’s Head, Alistair Routledge said today that his company’s exploration and appraisal programme for 2024 will involve two anchor hunting wells as...
Baker Hughes announces plans to expand supercenter facility
Energy and technology giant, Baker Hughes is set to embark on a substantial expansion of its Land of Canaan, East Bank Demerara (EBD) supercenter...
Norton accuses govt. of scrapping NRF Macroeconomic Committee to pave way for unchecked spending
Opposition Leader, Aubrey Norton recently accused the PPP/C government of removing a provision for a Macroeconomic Committee in the updated Natural Resource Fund (NRF)...
Guyana can fall back on its own financing, another line of credit for gas-to-energy...
Be it through budgetary allocations or a contingent line of credit under negotiations, the US$1.8B gas-to-energy project will be completed. This assurance was confidently...
3 companies hired by gov’t for third party inspections of Exxon’s offshore projects
To bolster oversight of ExxonMobil's oil and gas operations offshore, Minister of Natural Resources, Vickram Bharrat announced yesterday that the government has three companies...
Guyana’s oil account received $118.9B in 2023 fourth quarter; earns $5.6B in interest
Guyana's Natural Resource Fund (NRF) saw significant deposits in the fourth quarter of 2023, totaling $118.9 billion (US$570.11 million), as reported by the Bank...
Govt. allocates $100M to review plans for Exxon’s 7th offshore project
The Government of Guyana has allocated $100 million to hire a consultant to review the field development plan (FDP) for ExxonMobil’s seventh development project...
