Guyana News


SBM Offshore to Build Fourth FPSO for Exxon in Guyana

Nov 17, 2021

Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. This will be SBM Offshore's largest-ever FPSO.The FEED contract for what will be Guyana's fourth FPSO…

Report: Exxon, SBM Offshore in Talks to Build Fourth FPSO for Guyana

Nov 12, 2021

Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.The talks include the potential for some future platform assembly in Guyana…

Guyana Eyes More Gas, Renewable Energy for Power Generation

Nov 01, 2021

Guyana plans to meet an unprecedented growth expected in its power demand by building a new gas-fueled plant and expanding its hydropower capacity, a key step to leave behind fossil fuels for generating electricity, President Irfaan Ali said this week…

Hess Sees 1 Million bpd Oil Output from Guyana by 2027

Oct 28, 2021

Hess Corp expects to produce more than 1 million gross barrels of oil per day (bpd) in Guyana by 2027 from at least six production units, the U.S. oil producer said on Wednesday.The projection comes shortly after a second floating production…

Liza Unity FPSO Reaches Guyana

Oct 27, 2021

Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220…

Guyana Could Resume Oil Supply Talks with India

Oct 22, 2021

Oil producer Guyana could resume talks with India for a deal to sell the government's share of crude as output rises next year, the South American nation's vice president told Reuters.Earlier this year, Indian refiners bought at least two test cargoes of Guyana's Liza light sweet crude…

VIDEO: Guyana-bound Prosperity FPSO Enters Drydock in Singapore

Oct 14, 2021

The hull of the Prosperity FPSO has recently arrived from China where it was built to Singapore where Keppel will mate it with topside modules, after which the vessel will set sail for Guyana, to become the South American country's third FPSO in production…

ExxonMobil Hikes Offshore Guyana Resource Estimate to 10 Billion Barrels, as Another Well Strikes Oil

Oct 07, 2021

U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels…

Bristow Names Guyana Area Manager

Sep 30, 2021

Offshore helicopter group Bristow has appointed Courtney Byrne as the Area Manager, Guyana. 'In this position, Byrne will work closely with Bristow customers and across the company to deliver world-class service as we grow our operations in Guyana and foster relationships in the local community…

Saudi Aramco Unit to Market Guyana's Crude for One Year

Sep 17, 2021

Guyana has granted a unit of Saudi Arabian Oil Co, known as Aramco, a one-year contract to market the government's share of the crude produced in the South American country, Vice President Bharrat Jagdeo told Reuters.The country in early September…

VIDEO: Guyana's Second FPSO Sets Sail from Singapore

Sep 09, 2021

Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana.Keppel Shipyard, responsible for the construction and integration of the topside modules with the China…

Saudi Aramco Unit Wins Guyana Oil Tender

Sep 08, 2021

Guyana awarded a unit of Saudi Aramco a tender to purchase a portion of the country's oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday.The South American country last month received…

Spurred by Offshore Oil Discoveries, Guyana's Economy to Grow 500% by 2030

Aug 19, 2021

Guyana's economy is expected to expand by 500% by 2030 as companies continue to plumb its offshore oil and gas reserves, a government official said on Wednesday.The small South American country has become one of the world's oil exploration hotspots…

Guyana, Suriname Eye Further Drilling from Oil Majors After Discoveries

Aug 18, 2021

Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday…

Current News

Lottery System to Decide Who Wins Rights to Giant Danish Offshore Wind Farm

Lebanon Re-launches Second Offshore Oil and Gas Round

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

U.S. Interior Department Set to Release Federal Oil Leasing Review

Subscribe for OE Digital E‑News