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SBM Offshore and MISC exchange FPSO assets in Brazil and Malaysia

Dutch shipbuilder SBM Offshore has signed agreements with Malaysia's MISC Berhad to exchange ownership interests related to two floating production storage and offloading (FPSO) vessels. The deal involves the FPSO Espirito Santo, operating in Brazil, and the FPSO Kikeh,...

No oil can be lifted without regulator present – ExxonMobil reaffirms

ExxonMobil Guyana Limited (EMGL) said in a statement on Thursday that no oil can be lifted from its Stabroek Block operations without a representative of the government being onboard the floating production storage and offloading (FPSO) vessels. "None of...

Guyana oil spill bill for Parliament in fourth quarter

Guyana’s new oil spill bill is due to be tabled in Parliament later this year, the government said in its 2024 Mid-Year report.  “This bill, while addressing other areas, will deal with the management of and financial responsibility for oil...

bp divests mature Trinidad assets to focus on gas growth opportunities

bp is selling its mature offshore gas fields in Trinidad and Tobago to focus on shallow water, deepwater, and cross-border gas opportunities. The company said it has entered into an agreement with Perenco to divest its Immortelle, Flamboyant, Amherstia,...

Exxon adopts new technologies for Whiptail FPSO to meet GHG goals

U.S. oil major ExxonMobil says it has implemented innovative technologies for the Jaguar floating production storage and offloading vessel (FPSO) which will support its Whiptail development in Guyana. The FPSO is being built by Dutch floater specialist, SBM Offshore. The...

Driller with most rigs off Guyana’s coast gets contract extension from ExxonMobil 

ExxonMobil has awarded Noble Corporation an additional 4.8 rig years of backlog under the Commercial Enabling Agreement (CEA) in Guyana, the drilling expert said on Sept. 4 in its fleet report.  This extends the contracts of four Noble drillships—Noble Tom...

CinNex Inc: Navigating Guyana’s multimedia industry with vision and tenacity

CinNex Inc., a name synonymous with multimedia innovation in Guyana, stands as a testament to resilience, adaptability, and foresight. At the helm of this dynamic company is John Duncan, the Chief Executive Officer (CEO), whose journey from a technical...

Exxon appraising Hammerhead discovery targeted for seventh development

The Stena Carron has commenced appraisal drilling at the Hammerhead-4 well at the Stabroek Block offshore Guyana. This is according to the country's Maritime Administration Department.  Drilling activities are expected to conclude at the end of October. Exxon announced a...

South American ‘model oil producer’ launches fourth edition of flagship conference

The Guyana Energy Conference and Supply Chain Expo officially launched the fourth edition of the country’s flagship event, set to be held February 18-21, 2025 at the Marriott Hotel in Georgetown.  Themed ‘Connecting the Dots: Integrating the Future, 82 companies...

T&T gov’t says gas output back up after maintenance works by major producers

Trinidad and Tobago’s natural gas production has rebounded following maintenance activities by three major producers, the Ministry of Energy and Energy Industries (MEEI) said in a September 2 release.  This follows an OilNOW report that output in June was 1.96...

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Study identifies major oil-generating sweet spot near Suriname’s Block 52

A new basin modelling study has identified an area near Suriname’s Block 52 as the strongest oil-generating sweet spot...