Guyana has rapidly transitioned into the world's newest petro-state, driven by significant offshore oil discoveries and production, leading to unprecedented economic growth.

storage and offloading vessel destined for ExxonMobil’s Yellowtail field on the prolific deepwater Stabroek block offshore Guyana. The FPSO, which was is undergoing integration and commissioning ...

The Union government had launched the first tranche of auction of 13 offshore blocks on November 28, 2024, for the grant of exploration licence and production lease. This includes three offshore ...

New Wave Offshore Energy will provide MWS services for ExxonMobil Guyana’s Whiptail development. The Whiptail project is XOM’s sixth deepwater development located in the Starbroek Block ...

US supermajor ExxonMobil has submitted an application for an environmental authorisation to develop the Longtail discovery offshore Guyana ... the prolific Stabroek block. Longtail was discovered ...

A federal judge on Thursday blocked an oil and gas lease sale in Gulf waters off the coast of Louisiana, finding that a federal agency didn’t adequately take into account how new offshore ...

Remington Oil and Gas was the apparent high bidder on two offshore lease blocks at the OCS Sale 196. Remington Oil and Gas was the apparent high bidder on two offshore lease blocks at the OCS Sale ...

when Guyana said a Venezuela coast guard patrol entered its waters and approached an output vessel in an offshore oil block managed by ExxonMobil. The Venezuelan government said the waters they ...

The future of one of the most recent offshore drilling lease sales authorized under the Biden administration is in jeopardy after District Court for the District of Columbia Judge Amit Mehta’s ...

when Guyana said a Venezuela coast guard patrol entered its waters and approached an output vessel in an offshore oil block managed by ExxonMobil (XOM.N), opens new tab. The Venezuelan government ...

Commissioned by SBM Offshore for ExxonMobil Guyana, the One Guyana FPSO is designed to produce around 250,000 barrels of oil per day (bopd). It will also have a gas treatment capacity of around ...