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Guyana regulator moves to overturn court judgment on Exxon assurance guarantee

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The Environmental Protection Agency (EPA) has filed an appeal against a recent upset judgment by the High Court. Justice Sandil Kissoon directed the EPA to secure an unlimited parent and/or affiliate guarantee, based on a provision in ExxonMobil Guyana’s...
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A progress update on Guyana’s 4th oil development

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Work to deliver Exxon’s fourth oil production project offshore Guyana is progressing rapidly at opposite ends of the globe. Construction of the massive ONE GUYANA FPSO is underway in Singapore and development drilling is in high gear at the...
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Total, QatarEnergy grab up shallow blocks from Suriname’s 2021 bid round

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Suriname’s state oil company Staatsolie Maatschappij Suriname N.V., TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday May 8, 2023. In 2021, a Shallow Offshore Bid Round was completed offshore the South American...
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Noble pilots management system on Maersk vessel drilling Wei-1 offshore Guyana

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Noble said it has kicked off the implementation of its management system on the Discoverer rig which is currently drilling CGX’s Wei-1 well offshore Guyana. Discoverer is the first Maersk vessel to test the Noble management system following the...
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Exxon to fund Guyana US$1.2M to support audit of Uaru operations

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ExxonMobil Corporation’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is required to submit US$1.2 million to the Guyana government to support its audit of drilling and production operations at the Uaru project. This was outlined in the Petroleum Production...
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Brazil’s Anna Nery FPSO achieves start-up

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Brazil’s Petrobras is ramping up production in its Campos Basin with the start-up of the Anna Nery vessel. Paired with the Anita Garibaldi floating production, storage, and offloading (FPSO) unit, the vessels are an integral part of Brazil’s major revitalisation...
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Guyana government’s 2023 withdrawals from oil fund now at US$400 million

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Guyana’s Senior Finance Minister Dr. Ashni Singh announced that the Government has made its second drawdown this year from the Natural Resource Fund in accordance with the Natural Resource Fund (NRF) Act 2021. The Minister indicated that the withdrawal was...
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MODEC proceeding with first major Exxon deepwater project in 20 years, off Guyana’s coast

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Mitsui Ocean Development & Engineering Company Inc. (MODEC) said on Monday it will proceed with engineering, procurement, construction and installation (EPCI) of the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision on the project by ExxonMobil Guyana...
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Exxon’s petroleum agreement for prolific Stabroek Block expires in October 2026 – Hess President

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Exxon's phenomenal success in the Stabroek Block can see the operator making a multi-billion-barrel addition to the already discovered 11 billion oil-equivalent barrels, once its exploration success keeps pace with what it has been, to date. Over the last...
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Guyana eyes exporting gas from Uaru Project 

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With the Uaru Development Project expected to produce 540 million standard cubic feet of gas per day, Guyanese authorities want ExxonMobil Guyana to conduct a study on the possibilities for export. According to the provisions of the Petroleum Production Licence...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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