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Guyana inks deal for second powership as holiday season approaches

OilNOW -
The Guyana government has inked a contract for a second powership to be deployed in Guyana by UCC Holdings, for the delivery of 75 megawatts (MW) of additional generating capacity. The agreement was signed on November 13 in Georgetown, by...
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Touchstone averages 5,211 boe/d production in third quarter

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In the third quarter of 2024, Touchstone Exploration achieved an average quarterly production of 5,211 barrels of oil equivalent per day (boe/d), 75% of which was natural gas, marking a 54% increase from 3,391 boe/d in the same period...
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Halliburton setting up shop in Namibia

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Halliburton said it will open new facilities in Namibia, the growing oil frontier in southern Africa. The company said its in-country operations will be supported by facilities at Windhoek, Walvis Bay, Swakopmund, and Lüderitz—a combined footprint of 20,000 m². The...
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Guyana oil production hits half-billion-barrel mark

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ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output was derived from three Stabroek Block projects—Liza 1, Liza 2, and Payara—in less than five years. Exxon said the three...
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ONE GUYANA FPSO to arrive in Q2 2025 – Exxon

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The ONE GUYANA floating production, storage and offloading (FPSO) vessel is expected to arrive in Guyana in the second quarter of 2025. So says ExxonMobil Guyana President, Alistair Routledge, speaking at a November 12 steel strike ceremony for the Jaguar FPSO...
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Dutch Appeal Court strikes ruling that Shell should cut emissions 45% by 2030

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The Dutch Court of Appeal has overturned a prior ruling that required Shell to reduce its global carbon footprint by 45% by 2030, S&P Global reported.  This decision, handed down on November 12, nullified a 2021 District Court order resulting...
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Venezuela gas explosion shuts down more than 60% of fuel supply to country

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More than 60 percent of Venezuela’s fuel supply has been shut down following a gas explosion at a key production facility run by state firm Petroleos de Venezuela (PDVSA). At least eight people were killed in the incident while...
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Guyanese companies to fabricate over 300 tonnes of steel for Jaguar FPSO

Kemol King -
Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than 300 tonnes of steel for the Jaguar floating production, storage and offloading (FPSO) vessel. The massive ship is being constructed...
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Guyana poised to add close to one million barrels per day as FPSO sector takes off globally

OilNOW -
A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction. Norway-based energy research and...
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Hammerhead impact study to inform government’s decision on project approval – EPA

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Guyana's Environmental Protection Agency (EPA) on November 11 published a statement providing clarity on an issue after a local newspaper claimed it was “moving ahead” with ExxonMobil’s Hammerhead project despite the fact that the government paused its search for...
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Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...

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