Spitzer Industries, Inc.’s Post

🌟 Exciting opportunity for investment in Guyana! 🌟 As we witness remarkable growth in the region, particularly with our Yellowtail development offshore, now is the time to explore the potential this vibrant market offers. With major projects like ExxonMobil's megaproject nearing completion, Guyana is becoming a hub for innovation and sustainable development. Let’s connect and discuss how we can make impactful investments that benefit both the economy and the community. Together, we can shape the future of energy and infrastructure in Guyana! #InvestInGuyana #Mentorship #Opportunity #EconomicGrowth #SustainableDevelopment #Yellowtail #ExxonMobil #Energy #Infrastructure #Innovation #Teamwork #FutureReady #GlobalInvesting #CommunityImpact #Partnerships #GrowthMindset #Vision #Success #Leadership #Development #OilAndGas #RenewableEnergy #ProjectManagement #InvestmentStrategy #LocalDevelopment #Empowerment #Networking #IndustryLeadership #2025Goals

https://lnkd.in/gxGPFQfk Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that cou...

🚧 𝙂𝙤𝙡𝙙𝙚𝙣 𝙋𝙖𝙨𝙨 𝙇𝙉𝙂 𝘾𝙤𝙣𝙨𝙩𝙧𝙪𝙘𝙩𝙞𝙤𝙣 𝙏𝙪𝙧𝙢𝙤𝙞𝙡 𝘿𝙚𝙡𝙖𝙮𝙨 𝙏𝙚𝙭𝙖𝙨 𝙋𝙡𝙖𝙣𝙩 𝙎𝙩𝙖𝙧𝙩𝙪𝙥 🚧 𝑴𝒂𝒋𝒐𝒓 𝑫𝒆𝒍𝒂𝒚𝒔 𝒇𝒐𝒓 $11 𝑩𝒊𝒍𝒍𝒊𝒐𝒏 𝑳𝑵𝑮 𝑷𝒓𝒐𝒋𝒆𝒄𝒕 𝒊𝒏 𝑻𝒆𝒙𝒂𝒔 🔹 𝑷𝒓𝒐𝒋𝒆𝒄𝒕 𝑶𝒗𝒆𝒓𝒗𝒊𝒆𝒘 Golden Pass LNG, a $11 billion joint venture between QatarEnergy and ExxonMobil, faces a significant delay. Initially set to start operations this year, the project’s startup is now postponed by at least six months. 🔹 𝑹𝒆𝒂𝒔𝒐𝒏𝒔 𝒇𝒐𝒓 𝑫𝒆𝒍𝒂𝒚 𝐋𝐞𝐚𝐝 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫 𝐁𝐚𝐧𝐤𝐫𝐮𝐩𝐭𝐜𝐲: Zachry Holdings, the lead contractor, filed for bankruptcy and exited the project. This threw the project timeline into uncertainty. 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐒𝐭𝐚𝐭𝐮𝐬: The plant was 75% complete before the turmoil. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐅𝐢𝐥𝐢𝐧𝐠: Indicated potential revisions in the startup schedule. 🔹 𝑹𝒆𝒗𝒊𝒔𝒆𝒅 𝑻𝒊𝒎𝒆𝒍𝒊𝒏𝒆𝒔 𝐓𝐫𝐚𝐢𝐧 𝐎𝐧𝐞: Now expected to be online by the end of June 2025. 𝐓𝐫𝐚𝐢𝐧𝐬 𝐓𝐰𝐨 𝐚𝐧𝐝 𝐓𝐡𝐫𝐞𝐞: Forecasted for December 2025 and March 2026, respectively. 🔹 𝑪𝒉𝒂𝒍𝒍𝒆𝒏𝒈𝒆𝒔 𝑨𝒉𝒆𝒂𝒅 𝐁𝐮𝐝𝐠𝐞𝐭 𝐎𝐯𝐞𝐫𝐫𝐮𝐧𝐬: The project is already $2.4 billion over budget. 𝐖𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 𝐈𝐦𝐩𝐚𝐜𝐭: Zachry dismissed 4,072 workers from the Sabine Pass project. 🔹 𝑭𝒖𝒕𝒖𝒓𝒆 𝑼𝒑𝒅𝒂𝒕𝒆𝒔 An updated completion schedule will be disclosed. The joint venture owners are yet to identify a new contractor. Stay tuned for more updates on the Golden Pass LNG project. ♻️ If you found this update helpful, consider sharing it with your network! P.S. How do you think this delay will impact the global LNG market? Comment below! https://lnkd.in/g4fqTwb3

Bloomberg News reported in November that Venture Global LNG will seek to raise more than $3 billion, meaning it could be one of the largest initial public offerings of 2025.

The Whiptail project, sanctioned by Hess Corporation and developed by ExxonMobil, is set to revolutionize oil production, boosting capacity by 250,000 barrels/day by 2027. 🚀 This vital development will play a key role in meeting future energy demands while ensuring an affordable, just, and secure energy transition. 💡 🌍 Impacting on Guyana’s economy: The Whiptail project isn't just about oil—it's about transforming Guyana's economy. By 2027, it's projected to increase oil production by 250,000 barrels/day, promising significant economic growth, job opportunities, and energy independence for the nation. 🇬🇾💼 👩🔧 Local Employment Boost: In addition to economic growth, the Whiptail project is committed to creating local job opportunities and investing in Guyanese communities. By supporting sustainable development initiatives, it aims to spread prosperity across the nation. 💪🏽🌱 🌐 Contributing to the SDGs: The Whiptail project isn't just an economic endeavor—it's about sustainable development. With a $12.7 billion investment in local communities and projects, it's driving progress towards economic prosperity, social equity, and environmental sustainability in Guyana. 🌟 Let's join hands in celebrating this milestone towards a brighter, more sustainable future for Guyana and beyond! 🌎🌟 #ExxonMobil #Guyana #SustainableFuture #ExxonGuyana #WhiptailProject #EnergyTransition #SustainableDevelopment #CommunityInvestment #Guyana

In an industry where precision and excellence define success, it's easy to get lost in the daily grind. But every project, every task, every decision we make brings us one step closer to building something greater. Remember, success isn't just about what you accomplish; it's about the impact you leave behind. Let’s build something that matters – not just today, but for the future. Keep pushing, keep innovating. Let’s make this week count! #MondayMotivation #DriveForExcellence #InnovationMindset #MakeItCount #StartStrong #DTNInnovates #DTN PETAN PETAN PETAN Heirs Holdings Heirs Energies Heirs Technologies Shell TotalEnergies Chevron Equinor ExxonMobil Seplat Energy Plc Seplat Petroleum Development Company Plc NCDMB Technology Innovation and Incubation Center Carbontech Carbontech Composite Systems Nigerian Content Development and Monitoring Board NNPC Limited max weng George Clack

Great news for Aberdeen City Centre! Shell and Equinor have announced their new joint venture will be headquartered in the Granite City, solidifying Aberdeen’s position as a hub of expertise and innovation in the energy sector.   With plans to establish the headquarters in the silver fin building on Union Street, this significant development highlights the continued importance of our city centre in driving economic growth and shaping the future of the north sea industry.   Read the full The Press and Journal article here: https://lnkd.in/euPyxF7B  

The Plaquemines LNG project led by Venture Global LNG is facing a $2.35 billion cost overrun. Yep! Another megaproject. While many megaprojects continue to experience such issues, the true question is: How did this project start? Like most megaprojects, as 'mega.' Starting a megaproject as 'mega' leads to disaster. So, now the bigger question is: how can Venture Global LNG save its project or prevent it from happening again? Simple. Start small, generate value, and scale. This approach, proven by Boom Project Partners, can significantly reduce costs and increase shareholder value. Want to learn more about how to avoid megaproject disasters? DM me or book an appointment. Jim Strohman #megaproject #projectmanagement #costoverrun #construction #engineering #oilgas

"Venture Global is set to start producing liquefied natural gas at its second giant plant on the US Gulf coast within days, as the company prepares to float in one of the US’s largest energy listings." "The facility will be the US’s eighth major LNG export terminal and its second biggest, and will switch on just weeks before Donald Trump assumes the presidency with a plan to project American 'energy dominance' based on the country’s abundant fossil fuel output." "At 20mn tonnes a year when fully online, Venture Global’s new facility will produce an amount equal to more than a fifth of current US LNG output capacity — and almost four times as much as Germany imported in 2023." "The Plaquemines facility is a major milestone for a company that has grown rapidly over the decade, riding a wave of global demand for US gas. Its first export terminal, Calcasieu Pass, came online in March 2022 just as gas prices soared following Russia’s full-scale invasion of Ukraine." "The company raised more than $20bn in financing to build Plaquemines. It is set to produce its first batch of LNG about 30 months after a final investment decision was made on the project — a rapid pace in an industry renowned for delays." #VentureGlobal #LNG #Plaquemines #FT

Equinor and Shell to form JV combining UK offshore oil and gas assets The collaboration aims to tackle declining production in a maturing basin using combined portfolios and expertise to support the UK’s resource recovery. https://lnkd.in/ethYsi4U