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Guyana’s oil output surges as FPSO upgrades boost capacity by 125,000 b/d

OilNOW -
Upgrades to the first three floating production, storage and offloading (FPSO) vessels offshore Guyana have unlocked a major boost in oil capacity -125,000 barrels per day (b/d).   According to SBM Offshore’s half year report, this increase comes from debottlenecking work...
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MODEC’s H1 profit climbs on project wins, backlog swells to record US$25.5 billion

OilNOW -
Japan’s MODEC Inc. said on Friday its net profit for the first half (H1) of 2025 rose 17% from a year earlier, buoyed by revenues from engineering, procurement, construction and installation (EPCI) projects and a record order book, even...
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Upcoming Business Talk to address invoicing in Guyana’s oil & gas sector

OilNOW -
The Centre for Local Business Development, in partnership with the Greater Guyana Initiative, will host an in-person session titled ‘Understanding Invoicing in the Oil & Gas Industry’ on August 18.  The event, which is part of the Centre’s ‘Managing Growth:...
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23 days until Guyana’s elections: These are the runners gunning for the Presidency

Shikema Dey -
With just 23 days to go before Guyana heads to the polls, the race for the presidency is heating up. Key contenders are vying to lead the country through its next chapter, fueled by billions in oil revenues.   Six parties...
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From risk to reward: How Ayanna Whaul found her place at Halliburton 

Shikema Dey -
Ayanna Whaul stands out as one of Halliburton’s key human resource professionals in the Caribbean region. As a talent management specialist, she plays a central role in training and development, local content reporting, succession planning, and capacity building. Her...
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ONE GUYANA FPSO equipped to ensure uninterrupted gas handling offshore – GoG

Shikema Dey -
The Government of Guyana has confirmed that the ONE GUYANA floating production storage and offloading (FPSO) vessel is the first offshore unit in the country equipped with “full sparing on all gas processing compressors”.  According to the government, this ensures...
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Oil production begins at ExxonMobil’s fourth mega-project offshore Guyana

Shikema Dey -
Oil production has started at ExxonMobil's Yellowtail Development offshore Guyana, making it the fourth mega-project to startup in just five years offshore the South American country. This is according to announcements from the Government of Guyana and ExxonMobil on...
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SBM Offshore fleet grows to 17 FPSOs, reaching 2.7 million barrels per day capacity

OilNOW -
SBM Offshore has expanded its fleet to 17 floating production, storage and offloading (FPSO) units, achieving a total production capacity of 2.7 million barrels per day. This was confirmed in the company’s 2025 half year report released this week. The...
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SBM Offshore turnkey revenue doubles on progress of Jaguar and GranMorgu FPSOs 

Shikema Dey -
SBM Offshore's Turnkey revenue doubled in the first half of 2025 to US$1.32 billion, up from US$662 million in the same period last year. According to its half-year report, this was driven by construction progress on the Jaguar and...
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Guyana hosts Noble’s largest floater presence – Fleet Status Report 

OilNOW -
Guyana has emerged as the most active location for Noble Corporation’s floater rigs, with four high-specification drillships operating exclusively in the ExxonMobil-operated Stabroek Block.  According to Noble’s latest fleet status report, the Sam Croft, Bob Douglas, Tom Madden, and Don...
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QatarEnergy deepens presence in Suriname with stakes across six offshore blocks

QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing...

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