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…
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3…
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…
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…
Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. The departure reflects a wider move by major oil producers…
Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data.Government bans on Russian oil since the invasion of Ukraine have spurred demand for alternative crudes…
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…
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…
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…
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…
Exxon Mobil Corp is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps up production faster than expected and the South American country wrestles with fixing terms of new oil leases…
Guyana could bank about $1.25 billion this year from the sale of oil as its share of offshore production and royalties, up 30% from a prior estimate, the government's finance ministry said over the weekend. Historically one of South America's poorest nations…
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…
Guyana's president Irfaan Ali on Monday visited ExxonMobil's Liza Unity FPSO - Guyana's second FPSO in production - where he praised the Guyanese crew aboard.According to Guyana's Department of Public information, he told the Guyanese crew on…
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…
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