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ExxonMobil seeks information on waste management services in Guyana

ExxonMobil Guyana Limited (EMGL) has issued a request for information (RFI) for Waste Management Services, focusing on waste oil, hazardous waste, and non-hazardous waste.  EMGL aims to evaluate the services and capabilities of potential suppliers to manage these waste types...

Petrobras and Brazil’s Cade amend natural gas and refining divestment deals

Petrobras has signed an agreement with Brazil’s antitrust authority Cade, amending its natural gas and refining divestment deals. These deals, originally inked in 2019 during Jair Bolsonaro's administration, aimed to reduce Petrobras' dominant market position. In a statement, Petrobras affirmed...

Guyana may be willing to ease some ‘penalties’ in new oil contracts

As Guyana considers a second auction of offshore oil exploration licenses, the government may be open to easing some terms in its model petroleum contracts, to attract more investors.  During a Thursday press conference, Vice President Bharrat Jagdeo explained that...

Gas to Energy control center to monitor power outages in real-time

The Gas to Energy project in Guyana will feature a state-of-the-art control center in Eccles, East Bank Demerara, to improve nationwide power reliability. This center will employ real-time monitoring to identify and address power outages promptly. Vice President Bharrat Jagdeo...

SLB OneSubsea and TotalEnergies partner on major offshore Angola project

SLB has secured a contract from TotalEnergies for its OneSubseaâ„¢ joint venture to deliver a 13-well Subsea Production System for the Kaminho project, offshore Angola. The project will be developed in two phases for the Cameia and Golfinho discoveries,...

Oil contract terms key to Exxon’s multi-billion U.S. dollar investments in Guyana 

The fiscal regime of the Stabroek Block Production Sharing Agreement (PSA) continues to be a key factor behind ExxonMobil's decision to continue investing billions of U.S. dollars into Guyana. So says Vice President and Business Services Manager at ExxonMobil Guyana...

Kaieteur Block failed to meet ‘investment hurdle’ – Exxon Official

ExxonMobil's Vice President in Guyana, Philip Rietema, said that the company's decision to withdraw from the Kaieteur Block last year was driven by the project's failure to meet ‘investment hurdles’ given the complex realities of oil and gas exploration.  “We...

DOF Group announces acquisition of Maersk Supply Service in US$1.11 billion deal

Norwegian offshore supply vessel company DOF Group has confirmed its agreement to acquire Denmark-based Maersk Supply Service (MSS) in a significant US$1.11 billion cash and stock transaction, announced on Tuesday. The merger will consolidate under the DOF Group banner, creating...

Guyana’s biggest FPSO by target production to set sail in H1 2025

Guyana is set to welcome a trailblazing new floating production, storage and offloading (FPSO) vessel next year. The ONE GUYANA vessel, being constructed by SBM Offshore, is targeting the highest initial oil production observed in the industry for an...

Stabroek Block operator ExxonMobil tops June 2024 charts for global market cap.

Texas-based oil major ExxonMobil, operator of Guyana’s Stabroek Block ranks number one on global charts for June 2024, based on market capitalization among the top oil companies in the United States. Market capitalization, sometimes referred to as market cap,...

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SBM Offshore gets front-end engineering contract for ExxonMobil’s Longtail FPSO

ExxonMobil Guyana awarded contracts to SBM Offshore to perform front end engineering and design (FEED) studies for the Longtail...