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Hull reserved for Guyana’s Jaguar FPSO – Dutch shipbuilder

OilNOW -
Dutch shipbuilder, SBM Offshore, said it has reserved a multi-purpose floater hull for the Jaguar floating production, storage and offloading (FPSO) vessel it is expected to construct for ExxonMobil's sixth development offshore Guyana.  In its 2023 Annual Report, the company...
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Guyana, Suriname, and Brazil pledge energy cooperation in trilateral declaration

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In a joint declaration issued after a trilateral working meeting, Presidents Dr. Mohamed Irfaan Ali of Guyana, Luiz Inácio Lula da Silva of Brazil, and Chandrikapersad Santokhi of Suriname expressed their commitment to strengthen energy cooperation among the three...
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Exxon to continue pipelaying for Gas-to-Energy project with Tamuata, Stingray barges

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ExxonMobil Guyana is expected to continue with pipelaying activities from the West Coast of the Demerara River toward the Stabroek Block for the Gas-to-Energy project. Guyana’s Maritime Administration said in a notice that the shallow water pipelaying barges Stingray and...
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Guyana will live with outcome of Exxon challenge to Chevron acquisition – Jagdeo

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Vice President of Guyana, Bharrat Jagdeo says the government “will live with” the result of the surprise challenge by ExxonMobil over Chevron's acquisition of Hess' stake in the Stabroek Block. Exxon and CNOOC are asserting the right of first...
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SBM Offshore delivers record financial performance in 2023

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SBM Offshore announced on Feb. 29 that it delivered record level financial performance in 2023 with Directional Revenue of US$4.5 billion, over 38% above guidance. The company also maintained its future backlog at more than US$30 billion. “Over the past...
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No reason to consider delays in Block 58 project – Staatsolie

Shikema Dey -
Staatsolie - Suriname’s state oil firm, sees no reason to delay the nation’s first offshore oil development. The project, to be sanctioned by TotalEnergies, has a price tag of US$9 billion.  TotalEnergies’ Chief Executive, Patrick Pouyanné had told investors on...
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Guyana says use of Trinidad’s gas infrastructure depends on cost

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Vice President Bharrat Jagdeo sought to defend Guyana’s hesitation to utilize Trinidad and Tobago’s natural gas facilities to process Guyana’s gas, as calls came in for collaboration between the two countries.  Trinidad’s Prime Minister Keith Rowley and Energy Minister, Stuart...
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CNOOC, Lindsayca/CH4, NRG Holdings among groups with proposals for Guyana gas infrastructure

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The Guyana government has received 17 proposals from companies/groups for the design, finance, construction, and operation of essential gas infrastructure to support offshore developments.  These include an affiliate of CNOOC (a Stabroek block partner), Lindsayca/CH4 (the group developing the Gas-to-Energy...
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Guyana tax regulator casts net for accountants, auditors for petroleum departments

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In response to the expansion of the oil and gas tax roll, the Guyana Revenue Authority (GRA) has embarked on a strategic capacity-building drive for its Petroleum Cost Recovery and Petroleum Revenue Departments.  The initiative aims to recruit a group...
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Guyana achieves milestone: World’s first CORSIA-eligible credits for sale to airlines

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Guyana has made history by becoming the first country to receive CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation)-eligible credits for airlines, a significant achievement in global efforts to combat climate change.  According to a release from the Guyana...
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SBM Offshore’s ONE GUYANA FPSO boosts performance as Exxon eyes early purchase

SBM Offshore has reported another strong quarter, underscoring the success of its Guyana operations as its ONE GUYANA floating...

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