News

With the high cost of electricity in Guyana, authorities have been putting arrangements in place for the landmark gas-to-energy project which, in addition to cutting the cost of power in the country, is expected to also deliver benefits to...

Declaring that high impact exploration is showing signs of recovery, Westwood Global Energy named Guyana, Mozambique, and Suriname as countries where ‘key wells to watch’ are located. High impact wells, Westwood said, are those targeting more than 100 million barrels...

President and Chief Executive Officer of Modec, Takeshi Kanamori said Friday the company came to an agreement with Toyo Engineering Corporation to establish a joint venture firm for the engineering, procurement and construction and installation (EPC) business of floating...

Guyana’s Environmental Protection Agency (EPA) recently gave the greenlight to the developers looking to erect the country’s first wind farm, ushering in a project that will inject 25.2 megawatts (MW) of renewable power into Guyana’s energy mix. In a notice,...

While ExxonMobil Corporation is one of the few oil majors to earn record-breaking quarterly earnings totaling some US$17.9 billion, it did not do so by some mere stroke of good luck. It was due to its commitment to cost...

ExxonMobil Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has contracted a second tug from towage and maritime company, KOTUG, to support operations in the Liza field, KOTUG said. The “SD Power”, which has been in use offshore Guyana...

Guyana’s exploration successes have been so frequent that the Stabroek Block is being hailed as one of the most unprecedented exploration blocks of all time. Making this comment most recently was Senior Vice President and Head of Latin America and...

Drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. The Noble Regina Allen rig drilled...

SBM Offshore’s order book hiked to a record-breaking US$31.1 billion when it secured the contract to construct the massive ‘One Guyana’ floater for ExxonMobil’s Yellowtail development. This much was told to shareholders by SBM Offshore’s Chief Executive Officer (CEO) Bruno...

A €300 million contract has been awarded to Saipem for work on an offshore gas pipeline in Sicily, Italy. Saipem’s new deal came from Enimed, a subsidiary of Eni – one of the seven supermajors. The Italian engineering and services...