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Noble Bob Douglas continues development drilling at Yellowtail site 

OilNOW -
ExxonMobil Guyana is forging ahead with developmental drilling operations at the Yellowtail well site within Guyana’s Exclusive Economic Zone.  According to a June 19 notice from Guyana’s Maritime Administration Department (MARAD), the Modu Bob Douglas is spearheading the drilling activities,...
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Guyana’s offshore oil production shines amid global supply concerns

OilNOW -
Guyana's offshore oil production continues to be a beacon of growth amid global oil supply challenges, according to Rystad Energy’s Vice President and Global Lead of Crude Trading Analysis, Patricio Valdivieso.  “Guyana’s offshore production is a bright spot,” Valdivieso stated.  ExxonMobil...
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Sonardyne joins next phase of ocean bottom node development in Brazil

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Sonardyne, an independent global provider of underwater acoustic, inertial, optical and sonar technology will participate in the next phase of the On Demand Ocean Bottom Node (OD OBN) development in Brazil. This project, initiated in 2018, is a collaboration...
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Appraisal kicks off at one of Exxon’s biggest Stabroek Block finds: Lau-Lau 

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ExxonMobil has begun appraising the Lau-Lau find, according to a recent notice published by Guyana’s Maritime Administration Department (MARAD)  Activities are being undertaken by the MODU Sam Croft rig and are expected to end around July 30.  MARAD said the Lau-Lau-2...
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Guyana to amend Financial Institution Act to lessen burden of access to capital – Ali 

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Guyana is expected to amend its Financial Institutions Act (FIA) to ease access to capital, a major private sector concern.  President Irfaan Ali announced the proposed changes at a June 20 press conference and emphasized that the amendments will give...
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FPSO Maria Quitéria heads to Brazil for Petrobras’ Jubarte field

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The floating production storage and offloading (FPSO) unit Maria Quitéria, built by Malaysian supplier Yinson, has departed China and is en route to Brazil. It will be deployed at Petrobras’ Jubarte field in the Campos Basin. The FPSO Maria Quitéria...
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Guyana taps Fulcrum LNG to partner with Exxon, government on gas development

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Guyana has identified Fulcrum LNG to potentially partner with it and ExxonMobil on a natural gas development, President Irfaan Ali said at a June 20 press conference in Georgetown.  The U.S. energy firm was among 17 to submit proposals to...
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Top offshore drillers in Latin America: Valaris, Noble, and Borr Drilling lead the way 

OilNOW -
Westwood Global Energy Group reports that the top 10 offshore drilling contractors manage 29% of the rigs in Latin America. Valaris, Noble, and Borr Drilling each have seven rigs in the region, leading the international presence. Noble’s fleet is primarily...
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Guyana simplifies investment processes with new single-window system

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The oil-rich nation of Guyana is taking significant steps to simplify business operations and attract more investments with the launch of its Planning and Development Single Window system. This new system, as announced by President Dr. Irfaan Ali, focuses...
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“I will not be compromised” – Pres. Ali on sanctioned businessmen 

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Guyana’s President, Irfaan Ali, is adamant that he will not be compromised in wake of sanctions levelled against two local businessmen by the U.S. Treasury Department just days ago.  “I will not be compromised, not me,” Ali affirmed during a...
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