Production guidance from Hess Corporation for the Stabroek Block indicates a reduction in 2023 Q2 compared to the prior quarter, as Exxon moves to execute maintenance on the Liza Phase 2 project.
Net production for Hess, a 30% stakeholder in...
In a significant milestone for bpTT, the energy company has announced the successful completion of the first phase of its ambitious "small pools" drilling campaign. Launched in October 2022, the campaign focuses on accessing smaller gas accumulations near existing...
A new date of Wednesday, May 31 has been set for the hearing of an appeal on a Supreme Court ruling concerning financial assurance for ExxonMobil’s Stabroek Block operations.Â
The case came up in the Appellate Court on Monday, May...
Guyana's Ministry of Natural Resources announced on May 29 the approval of thirteen additional Local Content Annual Plans for the reporting year 2023. Approved plans detail the utilisation of Guyanese goods and services for the year in question.
Vickram Bharrat,...
Venezuela and Trinidad and Tobago are set to resume negotiations aimed at jointly developing a dormant offshore natural gas field, Reuters said with information from three sources familiar with the matter.
The two nations are scheduled to hold a meeting...
The Gas-to-Energy project in Guyana is progressing. Alistair Routledge, President of ExxonMobil Guyana, and Dr. Bharrat Jagdeo, Guyana's Vice President, provided updates on the project during recent press engagements.
On the government’s side, Mr. Jagdeo conveyed optimism about positive engagements...
SBM Offshore, a global leader in offshore energy solutions, has unveiled its development of intelligent agents and data analytics to predict events and optimise asset performance. The company said its innovative solutions have continuously captured over 160 million time-series...
ExxonMobil made a shift from SBM Offshore to Mitsui Ocean Development & Engineering Company Inc. (MODEC) for its fifth production vessel - Errea Wittu.
While construction is in its early stages, Exxon remains confident that MODEC can deliver and match...
There has been an increased global push from anti-oil environmentalists for an end to oil projects in an effort to combat climate change and ensure a smooth transition to renewable energy sources. But countries like Guyana and Norway have...
TotalEnergies is seen as Suriname’s golden ticket to kickstart its Guyana-like offshore oil production operations.
But this is proving to be slow in coming. Why? The country still awaits a final investment decision (FID) for its offshore Block 58 -...
