Guyana

Since the late 1930s, the offshore industry has advanced from the first platform in 14 ft of water to the ultradeepwater 20K era. Driven by seismic, drilling, and development breakthroughs, the industry has pushed into deeper waters, high-pressure reservoirs, and new frontiers like Guyana, continually expanding the limits of offshore exploration.

In 2022, Hess and the government of Guyana announced an agreement for the company to purchase 37.5 million REDD+ carbon credits directly from the government, one of the largest private-sector forest preservation agreements in the world. This paper explores the analysis of decarbonization pathways, voluntary carbon markets, and individual carbon offset projects that ul…

The supermajor expects its latest development will be online by 2027 and add 250,000 B/D to Guyana's soaring output.

Majors and independents alike are targeting high-impact wells across the globe to boost future oil and gas production volumes.

The largest project to date will add a capacity of 250,000 B/D starting in 2025.

The contractor was tapped by Offshore Frontier Solutions to provide electrical systems and associated digital solutions for ExxonMobil’s fifth FPSO in the region.

Heavy-lift and installation specialists will pre-install a mooring spread for upcoming Stabroek block FPSO.

Updates about global exploration and production activities and developments.

The contracts awarded by ExxonMobil and Equinor are for work offshore Guyana and Brazil.

The all-stock transaction is the second megadeal to rock the energy industry this month.