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Guyana’s third oil production vessel - Prosperity, has arrived in the country's waters.  Operator ExxonMobil in a Tuesday morning release said the Prosperity will kickstart production from its Payara field in the Stabroek Block later this year.  "The arrival of the...

By Dr. Carolyn Walcott & Dr. Terrence Blackman Many people in Guyana, a small country, culturally a part of the Caribbean, located in the northeastern corner of South America, must be made aware that the country has a stock exchange....

Energy market research and intelligence company Westwood Energy says exploration for hydrocarbons remains a high-risk business with only one in every three high impact exploration wells drilled between 2017 and the end 2022 resulting in a potential commercial discovery. “The...

Stabroek Block operator, Esso Exploration & Production Guyana Limited (EEPGL), plans to put in place a contract for the provision of managed warehouse facility and services as its operations expand in the South American nation.  In a public request for...

Chinese shipyard, Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS), said it completed and delivered the fourth generic Fast4ward® Multi Purpose Floater (MPF4) Hull to SBM Offshore on April 5.   MPF4 adopted SBM Offshore’s proprietary generic hull design following the previous three...

Eni, in partnership with PetroCi, celebrated the sail away of the Firenze floating production, storage and offloading (FPSO) vessel to the Baleine field offshore Côte d'Ivoire in Dubai. The largest hydrocarbon discovery in the country was made at Baleine. The...

Recent Securities and Exchange Commission (SEC) 8-K filings by supermajor ExxonMobil shows a dip in its first quarter profits, which the company said it attributed to drop in oil and gas prices.  Operating results could drop to around US$9.6 billion,...

Halliburton announced Wednesday that Repsol implemented the Halliburton Landmark DecisionSpace® 365 Well Construction Suite as its preferred digital solution to automate and streamline its well design process. Halliburton said the deployment provides scalability, flexibility, integration, and third-party collaboration and...

QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania. Pursuant to the terms of the agreement, and subject to customary approvals by the government of Mauritania, QatarEnergy will...

After a third dud, ExxonMobil has abandoned current drilling efforts in Brazil’s deepwater acreage, according to a Wall Street Journal report.  WSJ’s sources indicate that Exxon has shifted geologists and engineers from Rio de Janeiro to its other prospects in...