A notice from Guyana’s Maritime Administration (MARAD) signalled the start of construction for the country’s new US$260 million Demerara River crossing. The completed structure is expected to be delivered within two years.
“As a result, an exclusive zone (Work Area)...
Equinor is operating the world's first wind farm designed specifically to power offshore oil and gas platforms. Known as Hywind Tampen, this innovative project has revolutionized the industry by combining offshore wind power with traditional oil and gas operations.
Located...
ExxonMobil Guyana and its contractors have demonstrated strong achievement on the local content front, investing over GY$80 billion (US$400 million) with more than 1,500 Guyanese businesses in 2022 alone. Since the initial discovery in 2015, their total expenditure with...
The dual-activity dynamically positioned (DP3) drillship, Stena Carron, is undertaking operations in the deep waters off the Guyana coast in the ExxonMobil-operated Stabroek Block where a 7th development is being targeted.
Guyana’s Maritime Administration Department (MARAD) said in a May...
Vreed-en-Hoop Shorebase Inc. (VEHSI) is inviting locally registered suppliers to provide 91 services in support of its operations. The Expression of Interest (EOI) submissions are due by May 29, 2023.
VEHSI is a joint venture between NRG Holdings Inc., a...
Norway has officially reopened the Njord oil field in the Norwegian Sea, marking a significant milestone in the country's energy industry. The platform and floating storage and offloading vessel (FSO) have undergone extensive upgrades.
Minister of Petroleum and Energy, Terje...
Guyana Justice of Appeal, Rishi Persaud, has set May 29 as the hearing date for the appeal of a Supreme Court ruling concerning financial assurance for ExxonMobil’s Stabroek Block operations.
Persaud met with participants in the case during a case...
By Cristina Caus - OilNOW
On April 11, 2023, the floating production, storage and offloading vessel (FPSO) Prosperity arrived in Guyana and joined the other two FPSOs, Liza Destiny and Liza Unity. This became the third FPSO vessel that has...
Gas production is dwindling in Latin America at a time when the world needs the resource the most. But this could be an opportune time for Guyana - the South American country with big reserves that is laser-focused on...
With the drilling costs for the Wei-1 well on the Corentyne Block jumping from the initial US$160 million estimate to a range of US$175 million – US$190 million, shareholders for Frontera Energy Corporation have expressed concern about the capacity...
