Guyanese chemical industry news

The 100th Subsea 2.0 tree, made in Malaysia, will be used in the Gulf of America. The platform's modular design reduces lead time and enhances efficiency in subsea operations.

2026 capex focuses on high-return projects, with $10.5B in U.S., $7B offshore. $1B targets carbon reduction and new energies. Affiliate capex at $1.3-$1.7B.

TotalEnergies and partners sign a production sharing contract for Guyana's Block S4, planning a 2,000 km² 3D seismic survey in a shallow-water offshore area.

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.