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A guide to Guyana’s Gas-to-Energy project

Kemol King -
Entering the commissioning year of the Gas-to-Energy project, here is an updated breakdown of the basics - parameters, costs, timelines, and other key information. What is the Gas-to-Energy project?  The Gas-to-Energy project is purposed to establish infrastructure so natural gas can...
News

SWS signs contract for sixth FPSO hull with SBM Offshore

OilNOW -
Shanghai Waigaoqiao Shipbuilding (SWS) has signed a contract with SBM Offshore to construct the hull of a sixth 2.3 million-barrel floating production, storage, and offloading (FPSO) unit.  The agreement was finalized on December 20. SBM Offshore completes US$1.5 billion financing for...
News

ExxonMobil begins maintenance on Liza Destiny FPSO 

OilNOW -
ExxonMobil commenced maintenance on the Liza Destiny floating, production, storage and offloading vessel (FPSO) within Guyana's Stabroek Block on December 20, 2024.  According to a notice from the Maritime Administration Department (MARAD), the activities are expected to conclude by December...
News

DSIC launches Errea Wittu FPSO for ExxonMobil’s Stabroek Block

OilNOW -
Chinese contractor Dalian Shipbuilding Industry Company (DSIC) has launched the Errea Wittu floating production, storage, and offloading (FPSO) vessel, Upstream Online said on Dec. 26.  It is the fifth FPSO designed for ExxonMobil’s Stabroek Block offshore Guyana. Errea Wittu FPSO hull...
News

U.S. Bank confirms US$526M loan to help Guyana slash 460,000 tonnes of emissions annually

OilNOW -
The Export-Import Bank of the United States (EXIM) confirmed that its Board approved a $526 million loan to Guyana in support of the country’s landmark Gas-to-Energy project.  The financing from the transaction will aid the construction of a natural gas...
Exploration

Exxon continues appraisal of Haimara gas discovery

OilNOW -
ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said the Stena Carron rig will be engaged in drilling at the Stabroek Block, with the operation set to conclude by...
News

Steam turbines, oil tanks in Guyana for Gas-to-Energy project

OilNOW -
US-based group Lindsayca-CH4 said two state-of-the-art steam turbines and two oil tanks arrived in Guyana on December 21, 2024.  The infrastructure, the group said, are critical components for the Gas-to-Energy project. “These assets have been safely transported and will be...
News

Hull for Guyana’s Jaguar FPSO arrives at Singapore yard

OilNOW -
SBM Offshore said the multi-purpose floater (MPF) 5 has arrived at the Seatrium yard in Singapore. The hull is the base vessel for the Jaguar floating production, storage and offloading (FPSO) vessel bound for Guyana.  With the hull’s safe arrival...
News

T&T Energy Ministry to investigate rig collapse that left worker missing

OilNOW -
Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the Heritage Offshore East Field of Trinidad and Tobago on Sunday morning. T&T media is reporting that the rig collapsed. The Ministry of Energy...
News

ExxonMobil completes purchase of Destiny FPSO for US$535 million

OilNOW -
ExxonMobil Guyana has purchased the Liza Destiny floating production, storage and offloading (FPSO) vessel, SBM Offshore said in a December 19 release. The transaction comprised a total cash consideration of c. US$535 million. The net cash proceeds will primarily be...
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SWS signs contract for sixth FPSO hull with SBM Offshore

Shanghai Waigaoqiao Shipbuilding (SWS) has signed a contract with SBM Offshore to construct the hull of a sixth 2.3...

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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