News

CGX Energy and Frontera Energy have announced a bid to hold on to the Corentyne Block, just days before a deadline that could see them relinquish the acreage if government approval is not secured. “The Joint Venture has submitted a...

CNOOC Petroleum Guyana Limited (CPGL) is set to lease a complex for office and residential use in support of its activities in Guyana for 20 years.  This move is part of CPGL's expansion in the region, which began with its...

DOF Group has been awarded two significant long-term contracts by Petrobras. These include a major contract for the pipelay support vessel (PLSV) Skandi Niterói and a very large contract for the anchor handling support vessel (AHTS) Skandi Botafogo. The Brazilian-built...

Chinese shipyard Shanghai Waigaoqiao Shipbuilding (SWS) has launched the Jaguar Floating Production Storage and Offloading vessel (FPSO) being constructed for ExxonMobil’s Whiptail development.  SWS announced on Friday that the vessel, a Multipurpose Floater 5 (MPF5), was launched and is on track...

Goldman Sachs has appointed John Hess to its board of directors, as reported by the Financial Times. This announcement comes as Goldman Sachs advises Hess' company on its $53 billion acquisition by Chevron. Hess will leave his roles at Hess...

MODEC Guyana Inc. (MOG) has issued a Request for Information (RFI) for Floating, Production, Storage and Offloading vessel (FPSO) mooring hook-up services for the Uaru Project.  The project involves the Errea Wittu FPSO, which will be situated 190 kilometers from...

ExxonMobil has selected Hammerhead as its seventh development in Guyana’s Stabroek Block.  The company filed for environmental authorization on June 25. The development is expected to target between 120,000 and 180,000 barrels per day (b/d).  Unlike the previous developments, Hammerhead is expected...

Dates have been set by the International Court of Justice (ICJ) for written second round pleadings by Guyana and Venezuela in the ongoing border case.  Per the ICJ’s order, Guyana has until December 9 this year to make submissions. Venezuela...

Guyana plans to advertise its need for a storage facility and a marketer for the Natural Gas Liquids (NGL) from its Gas-to-Energy project soon. “The government is working to have an NGL storage facility and marketer for the NGL to...

Guyana’s High Court ruled on June 24 that the State and ExxonMobil Guyana has a right to be party to legal proceedings that affect petroleum operations.  According to a release from the Attorney General’s office, which represented the State, the...