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With WTI Midland part of Brent complex, could Guyana’s crude be next?

OilNOW -
The oil market is continuously evolving, and the inclusion of the Permian Basin’s WTI Midland into the Brent complex in May 2023 marked a milestone. Global Director for Crude Oil and Fuel Oil at S&P Global Platts, Joel Hanley,...
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Japanese FPSO builder to engage Guyanese suppliers this week

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Japanese shipbuilder MODEC will hold a Vendor Engagement Forum on May 14, 2024. The company will engage with Guyanese suppliers at the Centre for Local Business Development (CLBD) office in Georgetown. The forum will include information-sharing about MODEC’s procurement...
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Staatsolie ready to support oil fund for Suriname as Block 58 development plans underway

OilNOW -
Suriname’s state oil company Staatsolie is preparing itself to prudently manage the country’s billion-dollar offshore oil industry. Staatsolie’s Managing Director, Annand Jagesar said the company is already eyeing a crucial step to realizing this goal; the establishment of a...
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Noble Resolve jack-up to plug and abandon 13 wells in Spain next year

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Noble Corporation said it was awarded a new contract for the jack-up Noble Resolve with an undisclosed operator.  The jack-up will embark on a campaign to plug and abandon 13 wells offshore Spain for 170 days starting in Q2 2025. The...
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Int’l community will not allow Maduro to play Putin’s Ukraine card in Western Hemisphere – Fmr Colombian Pres.

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Former Colombian President Ivan Duque believes that the situation unfolding in Ukraine will not be replicated in the Western Hemisphere, because of the international community’s support for Guyana.  Russia invaded Ukraine back in 2022 in an escalation of the Russo-Ukrainian...
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Successful delivery of Prosperity, Sepetiba FPSOs boosts SBM Offshore’s Q1 revenue

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SBM Offshore reported a strong performance in its first quarter results for 2024, with revenues driven by the successful delivery and operation of the Prosperity and Sepetiba floating production, storage and offloading (FPSO) vessels to Guyana and Brazil. Øivind...
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ExxonMobil, Ramps formally deny inflated customs declaration charge in Guyana Court

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ExxonMobil Guyana and Ramps Logistics on April 10 denied before a Guyana Court, a charge concerning the submission of an inflated invoice to the local tax and customs administrator, the Guyana Revenue Authority (GRA).  The accusation points to a declaration...
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SBM Offshore looking for Guyanese companies to fabricate steel for Jaguar FPSO

OilNOW -
SBM Offshore is seeking to hire Guyanese fabricators once again to support the construction of a floating production, storage and offloading (FPSO) vessel for another ExxonMobil development at the Stabroek Block. Guyana Deep Water Operations Incorporated, an affiliate of SBM...
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CGX’s Berbice port facility continues to face delays

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CGX Energy has delayed the commencement of cargo operations at its Berbice Deep Water Port (BDWP) to the third quarter of 2024, it said in a report on its Q1 highlights. As stated in a March update, the company...
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EPA affirmed that increasing oil production is safe – Guyana VP

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Guyana's Vice President Bharrat Jagdeo has addressed concerns regarding the increase in oil production rates offshore Guyana, emphasizing that the Environmental Protection Agency (EPA) has affirmed the safety of these optimization efforts.  Jagdeo noted concerns about the safety of producing...
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Exxon-led group recovers over US$35.9 billion in costs from Guyana oil projects

ExxonMobil and its partners Chevron (formerly Hess) and CNOOC have recovered approximately US$35.9 billion in exploration, development and other...

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