ExxonMobil Guyana Ltd. and BM Offshore completed the transaction related to the FPSO Prosperity, ahead of the maximum lease term, which would have expired next November.
The two United Kingdom firms that last year marketed Guyana’s oil from two offshore platforms in the Stabroek Block will be doing so again, for a one year fiscal period.
Suriname and Guyana are taking significant steps toward jointly exploiting gas reserves off their coasts. Staatsolie director Annand Jagesar stressed the importance of this collaboration, acknowledging that while immediate outcomes are unlikely, both countries are committed to developing a shared approach.
WHILE Guyana’s economy continues to be one of the fastest-growing in the world, primarily fueled by revenues from its extensive oil deposits, the nation is also witnessing significant growth in other sectors. This trend raises the question: how is the non-oil economy performing, and what impact is inflation having on the country?
A gas partnership could be on the horizon for Guyana and Suriname, as the two countries continue to deepen their relations.
South American nations are increasingly realigning energy strategies to capitalize on offshore oil and gas reserves, signaling a marked shift from previously stated goals of reducing dependence on fossil fuels to satisfy the net zero agenda of those obsessed with a faux climate emergency.
An Exxon Mobil (XOM.N), opens new tab consortium’s crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday.
Output had fallen to between 400,000 and 500,000 barrels per day from July 2 through the end of the month, government data showed, a sign that planned work on the floating production storage and offloading (FPSO) facilities had begun.
An Exxon Mobil consortium’s crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday.
The total estimate of recoverable oil and gas in Guyana rose to 11.6 billion barrels, Natural Resources Minister Vickram Bharrat said on Wednesday.
ExxonMobil Guyana is moving forward with plans to develop its seventh oil project in the country, targeting the Hammerhead field in the Stabroek Block. The Environmental Protection Agency (EPA) has begun reviewing ExxonMobil’s application for this new venture.