Marine Link
Tuesday, June 17, 2025

Guyana News

07 May 2025

Inchcape Shipping Services, Symmetry Group Announce Partnership in Guyana

From left: Kishan Ramoutar, ISS Marine Services Manager, Trinidad, Guyana & Suriname, Manniram Prashad, Chairman of GOGEC, Kerensa Bart, Co-Founder & President of Symmetry Group, Dr Peter Ramsaroop, Chief Investment Officer, GO-INVEST, Tekram Singh, Partner Symmetry, Daniel Rizkalla, ISS Commercial Manager - Americas and Ashley Zelesnikar, ISS Sales Manager. Credit: Inchcape Shipping Services

Inchcape Shipping Services (ISS) and Symmetry Group Inc. (SGI) have announced a strategic joint venture in Guyana, marking a significant milestone in the maritime and logistics sectors. This partnership aligns with Guyana's Local Content requirements, combining the strengths of both companies to offer an integrated suite of services tailored to the needs of the country's burgeoning oil and gas industry.Symmetry Group Inc. has acquired a 51% majority stake in ISS Guyana, combining SGI's local expertise with ISS's global reach and capabilities.

06 May 2025

Exxon Consortium Produced 668,000 bpd in Guyanese Oil Last Week

A consortium led by Exxon Mobil that controls all oil and gas output in Guyana produced 668,000 barrels per day (bpd) of oil last week. Credit: Adobe Stock/Peter Hermes Furian

A consortium led by Exxon Mobil that controls all oil and gas output in Guyana produced 668,000 barrels per day (bpd) of oil last week, the U.S. company's head for the South American country, Alistair Routledge, said during a conference on Tuesday.The group is working to install its fourth floating output facility after receiving it in Guyana's waters in February. In March, the companies produced 627,000 bpd, and the 631,000 bpd average achieved in the first quarter was 3% higher year-on-year…

15 Apr 2025

Exxon Consortium to Begin Installation of Floating Oil Facility in Guyana

A consortium led by U.S. Exxon Mobil is about to begin the installation of its fourth floating oil production facility in Guyana. Credit: Adobe Stock/sharafmaksumov

A consortium led by U.S. Exxon Mobil is about to begin the installation of its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday.The floating production storage and offloading (FPSO) facility 'One Guyana,' built by SBM Offshore with a 250,000 barrel-per-day capacity, departed from Singapore in mid-February.Once installed, the vessel will allow the consortium to boost output capacity to some 940,000 bpd later this year.

09 Oct 2024

Tanker Vessels Flock to Guyana as Oil Exports Soar 58%

“Year-to-date, Guyana’s oil exports have jumped to 598 thousand barrels per day (kbpd), a 58% year-on-year increase, adding to the growth achieved in previous years. Over the past three years, the average annual growth rate has hit 76%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.ExxonMobil first started producing from the Liza field in the Starbroek Block in late 2019. Since then, the operation in the Liza field has been expanded and production in the Payara field added.

20 Aug 2024

Hess Guyana's Value is Central to Exxon Mobile Spat

Copyright Christophe/AdobeStock

An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess, one of the two biggest deals in the largest wave of consolidation in the oil industry in decades. The asset most coveted by Chevron in the takeover is Hess’s stake in a Guyana field operated by top U.S. rival Exxon.Exxon and China's CNOOC  have challenged the deal…