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Guyanese companies to fabricate over 300 tonnes of steel for Jaguar FPSO

Kemol King -
Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than 300 tonnes of steel for the Jaguar floating production, storage and offloading (FPSO) vessel. The massive ship is being constructed...
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Guyana poised to add close to one million barrels per day as FPSO sector takes off globally

OilNOW -
A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction. Norway-based energy research and...
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Hammerhead impact study to inform government’s decision on project approval – EPA

OilNOW -
Guyana's Environmental Protection Agency (EPA) on November 11 published a statement providing clarity on an issue after a local newspaper claimed it was “moving ahead” with ExxonMobil’s Hammerhead project despite the fact that the government paused its search for...
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Touchstone boosting production with Cascadura wells 

OilNOW -
Touchstone Exploration announced well test results on November 11 from its Cascadura-2ST1 and Cascadura-3ST1 wells, as it undertakes a production boost in Trinidad and Tobago. The production came through the Cascadura C onshore well pad in the Ortoire Block. Touchstone said that during...
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As low-carbon investments overtake oil and gas, Guyana determined not to have stranded assets

OilNOW -
As global energy investments increasingly favor low-carbon and renewable projects over fossil fuels, Vice President Bharrat Jagdeo is steadfast in his view that Guyana must avoid the risk of stranded oil assets. With substantial offshore oil discoveries providing a...
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‘Thousands of people in hundreds of organizations’ complete SBM Offshore’s FPSO Alexandre de Gusmão

OilNOW -
The Floating Production Storage and Offloading vessel Alexandre de Gusmão, which incorporates SBM Offshore’s Fast4Ward® new build, multi-purpose hull design, has been completed. The company recently announced the naming ceremony of the vessel, which took place at the COSCO...
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ExxonMobil completes US$1.23 billion Prosperity FPSO purchase from SBM Offshore 

OilNOW -
ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from SBM Offshore. The Dutch FPSO-builder announced the completion of the transaction, in a November 7 release, ahead of the maximum lease...
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Guyana government reaffirms that no discussions are underway with CGX

OilNOW -
CGX Energy published its 2024 third-quarter financial statements on November 7, during which it said it is the operator of the Corentyne Block. This is despite Guyana’s Vice President, Bharrat Jagdeo, and Minister of Natural Resources, Vickram Bharrat, publicly...
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Guyana, Norway have outsized impact on Noble’s backlog profile – CFO

OilNOW -
Noble Corporation's Chief Financial Officer Richard Barker discussed the significant influence of its long-term commitments in Guyana and Norway on the company’s backlog profile during their Q3 earnings call this week. Noble’s total backlog stands at US$4.7 billion, a...
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NGC can lend expertise to Guyana, Suriname for gas projects – Chairman

OilNOW -
The National Gas Company (NGC) of Trinidad and Tobago wants to be a partner for emerging natural gas producers in the region, especially in Guyana and Suriname. With global energy shifting towards lower-carbon fuels like natural gas, which is...
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Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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