News

After a successful start-up in February 2022 and a gradual production ramp-up in July, the Stabroek Block co-venturers are considering production optimisation measures on the Liza Unity FPSO in the fourth quarter of 2023. Hess President and Chief Operating Officer,...

Rystad Energy’s projections place the global energy market for suppliers in a seven-year feast, following a seven-year famine that ended in 2021. The analyst said last year was a turning point with the post-pandemic recovery and record high gas prices...

Ravindra Chuniram and Joshua Ramotar were two of the first Guyanese hired by Qualco Guyana to work at its Supply, East Bank Demerara training base as Roustabouts – an entry-level, broad-based skill-level oil and gas position. Both men are now...

The Stabroek Block co-venturers intend to drill 10 exploration and appraisal wells there in 2023, Chief Executive Officer of Hess Corporation, John Hess said Tuesday. “We continue to see multibillion barrels of additional exploration potential on the Stabroek Block,” Hess...

The Payara project, scheduled for startup in 2023, will utilise a floating production, storage and offloading (FPSO) vessel with a record sustainable design. ExxonMobil had said that its new Guyana FPSOs would be modeled off the sustainable design of the...

SBM Offshore in collaboration with the Ministry of Education in Guyana recently launched the Guyana-Monaco Mousetrap Car Grand Prix Competition, an international contest held annually in the Principality of Monaco. The competition sees high school students using the Laws of...

A partnership between Caribbean Subsea Specialist Inc. (CSSI) and 3t EnerMech (ODITC) has led to the launch of world-class robotics training and project simulation being available for the first time in Guyana. The Schilling Heavy Duty remotely operated underwater vehicle...

Petrobras has been saddled with increased costs for floating production, storage, and offloading (FPSO) vessels, triggered by supply chain disruptions. Yet, the Brazil-state-owned company, in pursuing an aggressive production ramp-up, has four new vessels for start-up this year; a total...

ExxonMobil is looking to increase its multi-billion barrel recoverable resources offshore Guyana this year. Its co-venturer Hess Corp. recently announced yet another significant discovery at Fangtooth SE-1. And according to Rystad Energy, more discoveries will come over the next several years, with...

ExxonMobil’s majority-owned affiliate, Imperial Oil Ltd., has committed US$560 million to commence construction of the largest renewable diesel facility in Canada. Imperial’s renewable diesel facility will use low-carbon hydrogen produced with carbon capture and storage technology to help Canada meet...