Guyana to Greenlight Two Oil and Gas Projects This Year

Monday, February 3, 2025
© atdr - stock.adobe.com / Adobe Stock

Guyana's government plans to issue two licenses this year for oil and gas projects, one for Exxon Mobil's seventh development in the country, Hammerhead, and one for the nation's first natural gas development, Energy Minister Vickram Bharrat told Parliament on Friday.

The gas license is conditional on a green light to Exxon and Fulcrum LNG for an ambitious project that could involve exports of liquefied natural gas. The license plans were included in the country's 2025 public budget.


(Reuters - Reporting by Kemol King; writing by Marianna Parraga; Editing by Leslie Adler)

Categories: Industry News Activity South America Oil and Gas

Related Stories

Chevron Emerges as Winner in ExxonMobil Dispute Over Guyana Oil Field

Chevron Emerges as Winner in ExxonMobil Dispute Over Guyana Oil Field

Solstad’s Normand Pioneer CSV Up for Petrobras Job

Solstad’s Normand Pioneer CSV Up for Petrobras Job

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Current News

SLB Narrowly Beats Quarterly Profit Estimates

Vard Books Construction Order for CSOV Pair

ABL to Deliver Grid Works for 600MW French Offshore Wind Farm

Cadeler Adds Wind Keeper WTIV to Fleet, Locking in Long-Term Vestas Deal

Subscribe for OE Digital E‑News

Offshore Engineer Magazine