financetom
Business
financetom
/
Business
/
Exxon to expand oil and gas output in Guyana, seeks permit for Longtail project
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exxon to expand oil and gas output in Guyana, seeks permit for Longtail project
Feb 12, 2025 7:31 AM

GEORGETOWN, Feb 12 (Reuters) - A consortium led by Exxon

Mobil ( XOM ) 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CIBC Notes Canada's Retail Sales Appear to Slip in July After June's Rebound
CIBC Notes Canada's Retail Sales Appear to Slip in July After June's Rebound
Aug 22, 2025
08:55 AM EDT, 08/22/2025 (MT Newswires) -- Following a sharp rebound in June, Canadian retail sales appear to have slipped into reverse again in July, said CIBC after Friday's data. The final reading for June confirmed a strong 1.5% month-over-month increase in sales, which was close to the advance estimate and consensus forecast, noted the bank. The composition of growth...
Badger Gets TSX Approval to Renew INormal Course Issuer Bid
Badger Gets TSX Approval to Renew INormal Course Issuer Bid
Aug 22, 2025
08:58 AM EDT, 08/22/2025 (MT Newswires) -- Badger Infrastructure Solutions ( BDGIF ) on Friday said the Toronto Stock Exchange approved its notice of intention to renew its normal course issuer bid. The bid consists of the purchase and cancellation of up to 2.9-million common shares during the period commencing on August 26, and ending on the earlier of August...
Sector Update: Consumer
Sector Update: Consumer
Aug 22, 2025
08:54 AM EDT, 08/22/2025 (MT Newswires) -- Consumer stocks were edging higher premarket Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) advancing by 0.4%. BJ's Wholesale Club Holdings (BJ) shares were down more than 5% after the company reported fiscal Q2 revenue that missed analysts' expectations. ...
European farmers facing higher costs after EU tariffs on Russian fertiliser imports
European farmers facing higher costs after EU tariffs on Russian fertiliser imports
Aug 22, 2025
* EU tariffs on Russian fertiliser imports started in July * EU aiming to starve Moscow of export revenues to fund war * Tariffs can be postponed if prices rise too high, EU has said * Russia's Mazepin says European farmers will pay higher prices By Alexander Marrow LONDON, Aug 22 (Reuters) - EU tariffs on Russian fertiliser imports that...
Copyright 2023-2026 - www.financetom.com All Rights Reserved