News

Exxon continues appraisal of Haimara gas discovery

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...

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

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...

Hull for Guyana’s Jaguar FPSO arrives at Singapore yard

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...

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

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...

ExxonMobil completes purchase of Destiny FPSO for US$535 million

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...

Shearwater mobilizes Amazon Warrior for 3D survey offshore Suriname

Norwegian marine geosciences company Shearwater is deploying its Amazon Warrior vessel for a 150-day, 6,042 sq km 3D seismic survey for Petronas in Suriname's offshore Blocks 63 and 52.  The operation will cover areas in the Suriname Basin, southeast of...

Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana

With December 19, 2024, marking five years of oil production in Guyana, ExxonMobil said its deepwater projects are the “most successful” in the world. The company is hailing its first five years as a significant achievement underscoring the potential...

Vreed-en-Hoop shorebase completed ahead of Yellowtail start-up

The US$300 million Vreed-en-Hoop Shorebase Inc. (VEHSI) project was completed in December. Guyana's President, Irfaan Ali, visited the facility on Wednesday afternoon, where he was informed about the project's development. Phases one, two and three, which currently occupy 44...

US$60M fuel blending facility planned for Guyana 

A US$60 million fuel blending facility - the first of its kind in Guyana - is up for environmental approval.  The Environmental Protection Agency (EPA) has screened the application for the project but has not yet granted permission for the...

Guyana Police Force to establish oil and gas unit in 2025

The Guyana Police Force (GPF) is set to launch a specialized Oil and Gas Unit in 2025, enhancing its capacity to manage security in the country’s rapidly expanding petroleum sector. Acting Commissioner of Police Clifton Hicken announced the initiative during...

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Oil jumps past $109 as Trump signals escalation in Iran conflict

Oil prices climbed sharply on Thursday after Donald Trump signaled further military action against Iran, raising concerns about supply...