Guyanese chemical industry news

ExxonMobil's Hammerhead project in Guyana will produce 150,000 barrels/day by 2029, boosting local jobs and investments. Total committed funds for seven projects exceed $60 billion.

Yellowtail FPSO begins production, boosting Guyana's capacity to 900,000 barrels/day. Local workforce is 67%. Eight developments planned by 2030, targeting 1.7 million barrels/day.

The merger creates a top-tier energy firm, enhancing growth and shareholder returns, with significant assets in Guyana and Bakken, and $1B in cost synergies expected by 2025.