An ExxonMobil-led consortium is considering its first offshore natural gas production in Guyana, close to the country's maritime border with Suriname, an executive at the U.S. oil and gas group said on Wednesday.Exxon, Hess Corp, and CNOO are…
SBM Offshore’s floating floating production, storage, and offloading (FPSO) unit ONE Guyana, built for ExxonMobil’s Yellowtail field offshore Guyana, has left the drydock and arrived along quayside at the Seatrium yard in Singapore.The FPSO…
Ocean services provider DeepOcean has been awarded a contract by ExxonMobil Guyana for the provision of subsea construction and inspection, maintenance, and repair (IMR) services offshore Guyana in South America.Under the contract, DeepOcean will plan and execute a wide range of subsea activities…
Singapore’s Offshore Frontier Solution – a joint venture between MODEC and Toyo Engineering Corporation – has awarded ABB a contract to deliver a complete electrical system and associated digital solutions for Errea Wittu floating production storage and offloading (FPSO) unit…
Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023.The South American nation's gross domestic product is expected to increase by 34…
ExxonMobil Guyana has unveiled that the Prosperity floating production storage and offloading (FPSO) unit, used in the Payara project, achieved background flare in 39 days, ahead of the 60-day target.Achieved ahead of schedule outlined in the project’s environmental permit…
Saipem won two offshore contracts, one in Guyana and the other in Brazil, worth approximately $1.9 billion.The first contract has been awarded by ExxonMobil’s subsidiary ExxonMobil Guyana Limited for the proposed Whiptail oilfield development located in the Stabroek block offshore Guyana…
Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China.MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil…
KOTUG said Tuesday it had, via its Guyanese subsidiary KOTUG Guyana strengthened its position in Guyana with the arrival of three additional Offshore Terminal Tugs to support ExxonMobil Guyana’s offshore operations.With the arrival of KOTUG-owned ‘SD Grace’…
U.S. oil major ExxonMobil said Tuesday it had started production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day. The company's third FPSO…
Dutch FPSO leasing firm SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024…
Malaysia's state-owned oil firm Petronas has discovered several oil-bearing layers in an exploration well off the coast of Suriname, state oil firm Staatsolie said in a statement on Thursday.Suriname's offshore exploration areas are adjacent to Guyana…
Oil production consortia led by TotalEnergies and Exxon Mobil bid on separate shallow-water oil and gas blocks in Guyana's first competitive auction, a government official said in a briefing on Thursday.The official disclosed which companies…
An appraisal well drilled by a consortium led by Exxon Mobil in Guyana has resulted in a 'significant discovery' of oil and gas, the South American country's energy ministry said on Thursday.The Lancetfish-2 well results mark the fourth offshore discovery in the country this year…
Exxon Mobil's $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources may have been larger than Chevron's $53 billion agreement to buy Hess, but it is Chevron that is paying a loftier price tag.Pioneer generates twice as much annual cash as Hess…
Subscribe
