Dutch FPSO specialist SBM Offshore on Tuesday announced the arrival of the FPSO Prosperity at the Stabroek Block offshore Guyana.The FPSO traveled just over 11,000 nautical miles – or just over 20,000 kilometers - from Singapore to Guyana in just under 50 days…
Maxar Technologies, a provider of space solutions and geospatial intelligence, has secured a three-year contract with the government of Guyana, for the provision of environmental monitoring services for both offshore and terrestrial applications…
Singapore's Keppel Offshore & Marine said Wednesday it was on track to deliver a 'mega' floating production, storage, and offloading vessel (FPSO) to SBM Offshore in the first quarter of 2023. This is the third FPSO that Keppel Shipyard is delivering…
U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field…
China's CNOOC Ltd has set its 2023 production target at a record 650 million to 660 million barrels of oil equivalent (boe), about 8% above last year's goal. The state-controlled offshore oil and gas company produced about 620 million boe last year…
Offshore exploration and production (E&P) capital expenditures (capex) will shake off the pandemic-induced declines of the past two years and rebound by 20% in 2022, reaching a total $165 billion spent on exploration, wells, and facilities (Figure 1)…
Italian energy industry services company Saipem has secured offshore oil and gas field construction contracts in Guyana and Egypt worth about $1.2 billion in total.In Guyana, the U.S. oil major ExxonMobil has hired Saipem to support its Uaru offshore oil field development project…
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…
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…
Oslo-listed marine seismic survey firm Magseis Fairfield has signed a contract with ExxonMobil for a large Ocean Bottom Node (OBN) project offshore Guyana, where ExxonMobil has so far discovered 11 billion barrels of oil.The project is expected…
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…
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…
Exxon Mobil Corp on Tuesday said it found oil in three new wells drilled off the coast of Guyana, raising recoverable oil and gas potential from its discoveries to nearly 11 billion barrels.The discoveries continue a run of exploration successes that date to 2015…
FPSO specialist SBM Offshore has shared a video showing the lifting and installation of the first topside module batch for the Prosperity FPSO at the Keppel O&M yard in Singapore. The hull of the FPSO Prosperity, which will be Guyana's third…
U.S. oil major ExxonMobil has made a final investment decision for its fourth and largest oil field development offshore Guyana - the Yellowtail - after receiving government and regulatory approvals.ExxonMobil said that the Yellowtail project in the Stabroek Block is expected to produce about 250…
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