ExxonMobil’s Liza find back in 2015 unlocked a treasure trove of oil and gas discoveries in Guyana’s Stabroek Block. Now, in 2024, the number stands at 45 discoveries and Exxon aims to take this even higher.
“I believe Guyana will...
Saipem's FDS2 vessel has successfully wrapped up its pipelay and subsea construction work for ExxonMobil's Yellowtail Project offshore Guyana, achieving a milestone of 180 consecutive “Perfect Days.” This accomplishment means 180 days without any injury, asset damage, or environmental...
For ExxonMobil, arbitration would be the “last resort” to resolve the findings of the IHS Market audit of its 1997-2017 Stabroek Block expenses.
“I don't have any intent to call an arbitration. I don't think that that's the right way...
UK-based analytics firm Wood Mackenzie says while investment growth in the oil and gas sector is set to continue, it will occur at a slower pace than in previous years.
Capital allocation in the oil and gas sector has become...
Suriname’s second final investment decision (FID) is expected from Petronas for a potential Block 52 development, Managing Director of Staatsolie, Annand Jagesar has said.
Petronas Suriname E&P is the operator of Block 52 with a 50% participating interest. ExxonMobil Exploration...
Italian engineering and drilling firm Saipem is seeking Expressions of Interest (EOIs) for catering services at its Vreed-en-Hoop Shore Base Inc. (VEHSI) facility. Saipem's operation at VEHSI spans 81,000 square meters.
VEHSI is a collaboration between NRG Holdings, a 100%...
TOTALTEC Inc. has announced the launch of its new hospitality group, CampBOSS Inc., which will open its first facility in Houston, Greater Georgetown. The state-of-the-art complex will feature 52 rooms, with plans to expand to over 100 rooms in...
Surveys have officially begun for the Dragon Gas Project as the Dona Jose 2 vessel embarked on a geophysical and geotechnical study at Tembladora Port, Chaguaramas. The vessel, chartered by Geohidra—a Venezuelan company contracted by Shell—will gather data from...
By 2027, US$55 billion would have been invested in oil and gas projects in Guyana by ExxonMobil and its co-venturers Hess and CNOOC. This commitment is based on the terms of the 2016 Stabroek Block Production Sharing Agreement.
“Any change...
ExxonMobil is drilling the Hammerhead-4 appraisal well offshore Guyana, ahead of its Hammerhead development project, which aims to produce oil from the 2018 discovery.
According to ExxonMobil Guyana President Alistair Routledge, the appraisal drilling of Hammerhead-4 is a crucial step in further...
