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2024

Guyana Taps U.S. Firm Led by Ex-Exxon Executive for Natural Gas Project

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The government of Guyana has picked Fulcrum LNG, a U.S. firm founded and led by a former senior executive at ExxonMobil, to develop the country’s natural gas resources.   After scoring huge success in oil discoveries and production, Guyana is now looking to establish a natural gas industry with the associated gas pumped from the prolific oilfields offshore the South American country, where an Exxon-led consortium is pumping more than 600,000 barrels per day (bpd) of crude oil from the Stabroek block. Guyana has discussed gas development…