Published 22 days ago

Exxon To Pause Some Guyana Oil Output to Finish Gas-Power Project

Summary by Oil Price

Exxon will pause for several weeks oil production at two platforms offshore Guyana in the third quarter of 2024 to connect them to a new pipeline expected to bring the associated natural gas onshore to a gas-fired power plant. Exxon, whose consortium produces more than 600,000 barrels per day (bpd) of oil from Guyana’s prolific Stabroek block, is working with the government of Guyana on a gas-to-energy project expected to use the associated gas …

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Guyana gas-to-power project to shave weeks off oil output, hit revenue

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

22 days ago·Denver, United States

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NationNews

Guyana gas-to-power project to shave weeks off oil output, hit revenue

GEORGETOWN, April 8 (Reuters) – Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation’s energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot’s revenue this year by about $1 billion. The $1.9 billion gas-to-power project, Guyana’s biggest effort to capitalize on its energy bounty, is embroiled in legal fights and risks cost overruns. The first …

22 days ago·Barbados

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Stabroek News

Guyana gas-to-power project to shave weeks off oil output, hit revenue

GEORGETOWN, (Reuters) – Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation’s energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot’s revenue this year by about $1 billion. The article Guyana gas-to-power project to shave weeks off oil output, hit revenue appeared first on Stabroek News.

22 days ago·Guyana

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