Guyana News

Venezuela Asks World Court to Throw Out Guyana border case

Nov 18, 2022

Venezuela told judges at the International Court of Justice (ICJ) on Thursday that they should throw out a case filed by Guyana in a long-running border dispute, which could determine which country has rights to offshore oil and gas fields. Guyana…

Closely Watched Gazania Wildcat Offshore S. Africa Disappoints

Nov 18, 2022

Eco-Atlantic hasn't found any hydrocarbons in the Gazania-1 exploration well, which is located off the coast of South Africa. The well was drilled in about 150 meters of water, is located 25 kilometers offshore the Northern Cape in the Orange Basin…

SBM Offshore, ExxonMobil Pen MoU for Another Guyana FPSO

Nov 11, 2022

Dutch FPSO systems provider SBM Offshore said Thursday it had signed a memorandum of understanding with ExxonMobil for the supply of another FPSO in Guyana.'The company recently placed an order for a seventh Fast4Ward MPF hull. The construction…

Suriname Launches Bid Round for Six Offshore Blocks

Nov 10, 2022

Suriname's Staatsolie Hydrocarbon Institute (SHI) has this week announced the launch of a competitive bid round for six new oil and gas exploration blocks.The blocks are located in the currently sparsely explored Demerara acreage of Suriname…

Booming Guyana Sets Offshore Oil Auction Under Revamped Fiscal Terms

Nov 04, 2022

Guyana, one of the world's hottest oil drilling zones, will offer 14 offshore exploration blocks under terms that 'significantly' increase its share of oil revenue, the South American nation's vice president said on Thursday. Officials this…

ExxonMobil Books Maersk Nomad SSV for Operations in Guyana

Nov 03, 2022

U.S. oil major ExxonMobil has chartered the Subsea Support Vessel (SSV) Maersk Nomad for a minimum one-year contract, supporting its field development activities offshore Guyana.Maersk Nomad will be operating with two ROVs onboard, providing…

MODEC Confirms FPSO FEED for Exxon's Uaru Oil Field Offshore Guyana

Nov 01, 2022

Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field development project offshore Guyana.The FEED contract…

Exxon's Record-breaking Q3 Profit Nearly Matches Apple's

Oct 28, 2022

Exxon Mobil Corp on Friday smashed expectations as soaring energy prices fuelled a record-breaking quarterly profit, nearly matching that of tech giant Apple. Its $19.66 billion third-quarter net profit far exceeded recently raised Wall Street…

ExxonMobil Makes Two More Oil Finds at Guyana's Stabroek Block

Oct 26, 2022

ExxonMobil has made two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana.The discoveries, which are the eighth and ninth this year, will add to the block’s previously announced gross discovered recoverable…

ExxonMobil Awards DOF Subsea a $253,4M Deal for Offshore Vessel Duo in Guyana

Oct 21, 2022

U.S. oil major ExxonMobil has awarded three-year contracts for two DOF Subsea vessels for work in Guyana, where Exxon has so far made more than 25 oil discoveries, with more than 11 billion barrels of oil found.Under the contracts, DOF Subsea will perform IMR…

U.S. Oil Service Firms' Results to Show Impact of Demand, Inflation

Oct 18, 2022

Oilfield service firms are poised to deliver the strongest third-quarter results in years as demand for equipment and services has risen despite supply chain snags and higher costs from inflation, according to analyst forecasts.Schlumberger…

Guyana Launches Tender for Its First Oil Refinery

Oct 17, 2022

Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes a force in crude oil production. Construction work on the facility, to be located on public land near the Berbice river…

VIDEO: Topside Module Construction Starts for Giant ONE Guyana FPSO

Oct 14, 2022

The Dutch FPSO leasing specialist SBM Offshore said Friday the construction of the topside modules had kicked off in Singapore for one of the company's largest-ever FPSO units, the One Guyana FPSO.'During September this year, two steel strike…

India Will Weigh What Russia Has to Offer on Sakhalin-1 Ownership Revamp

Oct 11, 2022

India maintains a 'healthy dialogue' with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters.   Russia last week issued a…

Veolia Water Technologies' Seawater Treatment Process Module for One Guyana FPSO

Oct 04, 2022

Veolia Water Technologies has won a multi-million dollar contract to supply a seawater treatment process module for the One Guyana FPSO, that will operate in the ExxonMobil-operated Stabroek block, offshore Guyana.The Yellowtail - SBM Offshore/McDermott…

Current News

Reach Subsea to Add Two ROV Support Vessels to Its Fleet

Reach Subsea to Add Two ROV Support Vessels to Its Fleet

Europa Gives Up Block Offshore Morocco after Quest to Find Drilling Partner Fails

Europa Gives Up Block Offshore Morocco after Quest to Find Drilling Partner Fails

Icon Offshore Sells Perisai Pacific 101 Jack-up Rig at Significant Profit

Icon Offshore Sells Perisai Pacific 101 Jack-up Rig at Significant Profit

Wales’ Marine Test Center Expands Its Capabilities

Wales’ Marine Test Center Expands Its Capabilities

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