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Exxon awards SBM Offshore for supplier excellence in support of Guyana operations

OilNOW -
SBM Offshore has received the 2023 Ruby awards for supplier excellence from U.S. oil major, ExxonMobil, for delivering best-in-class operations of floating production, storage and offloading (FPSO) vessels for Guyana. SBM Offshore was contracted by ExxonMobil to deliver and operate...
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Guyana’s Uaru was MODEC’s highest earning EPCI project of 2023

OilNOW -
MODEC unveiled its 2023 financial results, spotlighting a significant profit uplift due to the successful advancement of its engineering, procurement, construction, and installation (EPCI) projects, alongside enhanced asset integrity of its older Brazil floating production, storage and offloading (FPSO)...
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Guyana wants to be global pioneer on climate, energy and food security, says Ali

OilNOW -
President Irfaan Ali has articulated Guyana's plan to be a global leader in tackling the challenges of climate change, energy sustainability, and food security. The country is using the momentum from its oil-fueled development to expand its influence and...
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Liza, Payara will continue producing oil into late 2040s

Kemol King -
Guyana's Vice President, Bharrat Jagdeo, during a Feb. 15 press conference, highlighted that the Liza and Payara projects are projected to sustain oil production until the late 2040s. The production profile for the projects, informed by data from ExxonMobil,...
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Guyana emerging as oil producing giant in the Americas as output soars

OilNOW -
The International Energy Agency (IEA) anticipates that global oil markets will remain "comfortable" throughout 2024, buoyed by burgeoning production from key regions including the Americas, notably Guyana, which is expected to contribute significantly to meeting global oil demand. The South...
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Cyprus: Eni sees potential for 150 million cubic feet a day from Cronos gas discovery

OilNOW -
A production test by Eni offshore Cyprus has allowed the company to estimate gas production capacity of over 150 million standard cubic feet per day, it said in a Feb. 15 update. The test was part of the Cronos-2...
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TotalEnergies looking to Exxon’s Guyana model for cost-saving measures

Shikema Dey -
As TotalEnergies plans its first offshore development in Suriname’s Block 58, it is taking a page out of ExxonMobil’s book with its cost-saving operations in the prolific Stabroek Block offshore Guyana.  “With Suriname, we are trying to work on an...
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DeepOcean secures contract with ExxonMobil Guyana for subsea services

OilNOW -
Ocean services provider DeepOcean has clinched a contract from ExxonMobil Guyana, marking its foray into the South American country's market and its first major collaboration with Exxon in the Americas. The contract entails the provision of subsea construction and...
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Venezuela’s military posture does not conform with its diplomatic stance – Todd

OilNOW -
Guyana and Venezuela recently pledged peace with the Arygle agreement. But recent satellite images surfaced showing an increased military presence by Venezuela, close to the shared border.  “This is not the first time Venezuela has adopted a military posture that...
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SBM Offshore launches second annual Guyana-Monaco Mousetrap Car Grand Prix

OilNOW -
SBM Offshore has officially initiated the second Guyana-Monaco Mousetrap Car Grand Prix 2024, inviting secondary schools in Guyana to participate in the unique international competition with the support of the Ministry of Education. According to a release from SBM Offshore...
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NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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