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Reuters
11-03-2025
- Business
- Reuters
Exxon group's eighth Guyana project to produce up to 1.5 bcfd of gas
GEORGETOWN, March 11 (Reuters) - The eighth energy project in Guyana of a consortium led by U.S. major Exxon Mobil (XOM.N), opens new tab will produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day on condensate through a floating production facility that will have capacity to export the fuel, the group told the government. The Longatil project's details, which include the development of the Longtail, Tripletail and Turbot discoveries off Guyana's coast, were included in the group's request for environmental authorization, published by Guyana's government and seen by Reuters on Tuesday. Longtail is expected to become Exxon's most important gas development in Guyana so far amid the government's pressure to ramp up gas output and supply to a wide variety of projects, including petrochemical plants and liquefied natural gas. The project will include up to 60 production and injection wells, according to the document. here.
Yahoo
19-02-2025
- Business
- Yahoo
Exxon plans large-scale gas project in oil-dominated Guyana
By Marianna Parraga and Kemol King GEORGETOWN (Reuters) - U.S. oil major Exxon Mobil is planning to increase natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects. The "Wales Gas Vision", outlined by Exxon's Guyana head, Alistair Routledge, is set to provide gas for the production of fertilizers through a $1 billion pipeline completed last year. The government will take a portion of the gas supplied by Exxon for power generation and natural gas liquids production through its Gas-to-Energy project. Exxon's Wales project also requires the building of separate pipelines and a gas processing and liquefied natural gas (LNG) offshore facility. The facility will allow LNG exports and gas supply to Guyana's Berbice area for producing fertilizers and alumina, Exxon said. The company did not give a total investment figure for the project. The Exxon-led consortium in Guyana, in which U.S. Hess and China's CNOOC participate, plans to ramp up gas output in the coming years, especially through projects involving gas not associated with oil, such as Longtail. A final investment decision for Longtail, which would be the group's eighth project in the South American country and deliver up to 1.2 billion cubic feet per day (bcfd) of gas, is expected next year. Exxon is "ready to deliver gas" to shore, Routledge said at Guyana's Energy Conference. Guyana is aiming to add natural gas to an energy mix dominated by oil output, helping to increase power generation and open new sources of revenue by exporting petrochemicals and LNG, energy minister Vickram Bharrat said earlier on Wednesday. "There will be a shift towards gas utilization and monetization", the minister said at the conference in Georgetown. The government is expected to launch its ambitious gas strategy this year. The country's fourth floating oil production facility, built by SBM Offshore that departed from Singapore this week, will start operations in the third quarter, Exxon said. Sign in to access your portfolio
Reuters
19-02-2025
- Business
- Reuters
Exxon plans large-scale gas project in oil-dominated Guyana
GEORGETOWN, Feb 19 (Reuters) - U.S. oil major Exxon Mobil (XOM.N), opens new tab is planning to increase natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects. The "Wales Gas Vision", outlined by Exxon's Guyana head, Alistair Routledge, is set to provide gas for the production of fertilizers through a $1 billion pipeline completed last year. The government will take a portion of the gas supplied by Exxon for power generation and natural gas liquids production through its Gas-to-Energy project. Exxon's Wales project also requires the building of separate pipelines and a gas processing and liquefied natural gas (LNG) offshore facility. The facility will allow LNG exports and gas supply to Guyana's Berbice area for producing fertilizers and alumina, Exxon said. The company did not give a total investment figure for the project. The Exxon-led consortium in Guyana, in which U.S. Hess (HES.N), opens new tab and China's CNOOC ( opens new tab participate, plans to ramp up gas output in the coming years, especially through projects involving gas not associated with oil, such as Longtail. A final investment decision for Longtail, which would be the group's eighth project in the South American country and deliver up to 1.2 billion cubic feet per day (bcfd) of gas, is expected next year. Exxon is "ready to deliver gas" to shore, Routledge said at Guyana's Energy Conference. Guyana is aiming to add natural gas to an energy mix dominated by oil output, helping to increase power generation and open new sources of revenue by exporting petrochemicals and LNG, energy minister Vickram Bharrat said earlier on Wednesday. "There will be a shift towards gas utilization and monetization", the minister said at the conference in Georgetown. The government is expected to launch its ambitious gas strategy this year. The country's fourth floating oil production facility, built by SBM Offshore ( opens new tab that departed from Singapore this week, will start operations in the third quarter, Exxon said.
Yahoo
12-02-2025
- Business
- Yahoo
Exxon to expand oil and gas output in Guyana, seeks permit for Longtail project
GEORGETOWN (Reuters) - A consortium led by Exxon Mobil is getting ready for a very active year for exploration and production in Guyana amid upgrades that expanded the capacity of some of its floating facilities and the expected arrival of a fourth vessel, the head of the U.S. oil major in Guyana said on Wednesday. The group has requested environmental permits from Guyana's government for its Longtail project, the first that will produce non-associated gas, and to explore the Hamlet well in the southeast portion of its massive Stabroek offshore block. Longtail is expected to add up to 250,000 barrels per day (bpd) of crude output capacity and 1 billion cubic feet per day of natural gas production, said Alistair Routledge, president of Exxon Guyana, in a press conference.
Reuters
12-02-2025
- Business
- Reuters
Exxon to expand oil and gas output in Guyana, seeks permit for Longtail project
GEORGETOWN, Feb 12 (Reuters) - A consortium led by Exxon Mobil (XOM.N), opens new tab is getting ready for a very active year for exploration and production in Guyana amid upgrades that expanded the capacity of some of its floating facilities and the expected arrival of a fourth vessel, the head of the U.S. oil major in Guyana said on Wednesday. The group has requested environmental permits from Guyana's government for its Longtail project, the first that will produce non-associated gas, and to explore the Hamlet well in the southeast portion of its massive Stabroek offshore block. Longtail is expected to add up to 250,000 barrels per day (bpd) of crude output capacity and 1 billion cubic feet per day of natural gas production, said Alistair Routledge, president of Exxon Guyana, in a press conference. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
