ExxonMobil to drill three new wells in 2025 near Guyana’s high-yield ‘Golden Lane’ oil zone
ExxonMobil is gearing up to drill three new exploration and appraisal wells in 2025- Hamlet-1, Barreleye-2, and Lukanani-2- all strategically located updip…
Category: OIL & GAS
President Ali outlines vision for Guyana to become a global petrochemical hub
President Dr Irfaan Ali has laid out an ambitious plan for Guyana to expand its oil and gas sector beyond crude production…
Government of Guyana Welcomes QatarEnergy to Block S4
The Government of Guyana, through the Ministry of Natural Resources, has signed a Production Sharing Agreement (PSA) for shallow-water Block S4 offshore…
ExxonMobil’s Uaru and Whiptail Projects on track to push Guyana’s oil output past one million barrels daily
ExxonMobil Guyana’s oil output is set for another major boost, with President Alistair Routledge confirming that the company’s fifth and sixth offshore…
IEA warns of oil surplus in 2026 -Guyana among countries adding to rising supply
The International Energy Agency (IEA) has warned that the world could see an even bigger oil surplus next year, as much as…
Guyana FPSO Contract Awarded to Chinese Contractor
Bomesc (Beijing Oriental Marine Exploration & Construction) has secured contracts worth up to US$240 million to supply topsides modules for a future…
“It would appear that OGGN perhaps misled the senators” -Routledge on Exxon’s tax credit allegations
President of ExxonMobil Guyana Limited (EMGL), Alistair Routledge, has suggested that U.S. Senators may have been misled by the Oil and Gas…
Oil Giant ExxonMobil Denies Fraudulent Tax Involvement
ExxonMobil Guyana has publicly rebutted assertions that it has benefited from U.S. foreign tax credits tied to its operations in Guyana, with…
Guyana Moves Closer To 1 Million BPD
In its latest move offshore, ExxonMobil and its consortium partners have pushed Guyanese oil output to 770,000 barrels per day (bpd) following…
Chevron making strides in Guyana-Suriname Basin
In a significant development for the Guyana-Suriname Basin, Chevron is poised to drill the Korikori-1 exploration well in Block 5, offshore Suriname…
