"Guyana" News

ExxonMobil Taps Acorn for EIA Work on Fifth Offshore Development in Guyana

Aug 09, 2022

ExxonMobil has hired Acorn International, an environmental and risk management consultancy with offices in Boston and Houston, to perform an Environmental Impact Assessment (EIA) and lead the public consultation program for the Uaru Project…

SBM Orders Seventh Fast4Ward Hull

Aug 05, 2022

Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024…

KOTUG To Support Liza FPSOs Off Guyana

Aug 05, 2022

KOTUG's subsidiary KOTUG Guyana has been awarded a second contract by ExxonMobil affiliate Esso Exploration and Production Guyana to support operations in Guyana. KOTUG’s latest addition, the 120 tonnes bollard pull strong SD Honour, will join…

Tullow Oil Abandons Guyana Well After Dismal Drilling Results

Aug 05, 2022

Tullow Oil said on Friday it would abandon drilling operations at Beebei-Potaro exploration well in offshore Guyana after results showed the well bore water.The group, which holds 37.5% of the Kanuku block where the well lies, said it would…

High Impact Exploration Sees Rebound

Aug 04, 2022

38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…

TechnipFMC Wins Contract for Gas to Energy Project in Guyana

Aug 02, 2022

Oilfield services firm TechnipFMC announced it has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited for the Gas to Energy Project in Guyana.Subject to final project sanction, TechnipFMC will provide engineering…

Subsea 7, Van Oord Ink Exxon Guyana Contract

Jul 28, 2022

Subsea 7 and Van Oord have been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths of up to 1,450 metres.The scope covers the project management…

Exxon Accelerates Production in Guyana, Makes Two New Discoveries

Jul 27, 2022

Exxon Mobil Corp said on Tuesday it has made two new oil discoveries offshore Guyana and that it has already exceeded its original year-end daily production target for the South American country.The announcements are part of Exxon's efforts…

CGX Secures Funds for Wei-1 Exploration Well Off Guyana. Spud Date Set for October

Jul 22, 2022

CGX, a Toronto-based oil and gas firm focused on the Guyana-Suriname Basin, has secured funding for its next offshore exploration well in Guyana's Corentyne block by agreeing to farm out a portion of its interest to its partner Frontera.As part of the agreement…

SBM Offshore Closes $1.75B Financing for Its Largest FPSO Yet

Jul 21, 2022

Dutch FPSO leasing specialist SBM Offshore said Thursday it had completed the US$1.75 billion project financing for the FPSO One Guyana. The company has previously said that this would be the company's largest FPSO so far. It will be deployed at ExxonMobil's Yellowtail development…

Guyana Races Against the Clock to Bank Its Offshore Oil Bonanza

Jul 18, 2022

For the poor, small South American country of Guyana, there's no time like the present when it comes to reaping the rewards of its offshore oil jackpot.With sky-high oil prices, a transition to renewable energy on the horizon, and 750,000 citizens desperate for better lives…

Strohm to Deliver TCP Subsea Water Alternating Gas (WAG) Jumper for Exxon's Guyana Project

Jul 01, 2022

U.S. oil major ExxonMobil is set to install a subsea water alternating gas (WAG) jumper made from Strohm’s Thermoplastic Composite Pipe (TCP) on the Liza Phase 2 project offshore Guyana. This will be followed by a multi-jumper deployment campaign…

Staatsolie to Offer 60% of Suriname's Offshore Blocks in Coming Year

Jun 30, 2022

Suriname's state oil firm Staatsolie is getting ready to offer 60% of the country's offshore blocks for auction over the next 12 months, starting with a deepwater round in the fourth quarter, a company executive said on Wednesday.The Guyana…

Petrobras Buys Its First Guyanese Crude Cargo

Jun 22, 2022

Brazilian state-controlled oil company Petrobras has bought its first cargo of Guyanese crude for refining domestically, the company told Reuters, as South America's newest producer expands its market reach.With the start of a second floating production facility in February…

Eni's Giant Oil Find Offshore Ivory Coast Wins Discovery of the Year Award

Jun 22, 2022

Italian oil and gas firm Eni's giant oil find offshore Ivory Coast last year won the 'discovery of the year' award, and Eni also secured the title of the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s annual Exploration Survey…

Current News

Jadestone Shutting Down Montara FPSO Output to Fix Tank Issues

Jadestone Shutting Down Montara FPSO Output to Fix Tank Issues

Nigeria's NNPC Renews Oil Contracts to Produce 10 Bln Barrels

Nigeria's NNPC Renews Oil Contracts to Produce 10 Bln Barrels

Repair to Oil Pipe that Shut U.S. Offshore Output Due by End of Day

Repair to Oil Pipe that Shut U.S. Offshore Output Due by End of Day

Sapura Energy Wraps Sale of Sapura 3000 Pipelayer

Sapura Energy Wraps Sale of Sapura 3000 Pipelayer

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