News

Post-drilling analysis advances prospectivity evaluation in Canje, Kaieteur blocks offshore Guyana

Exploration efforts in the Canje and Kaieteur Blocks offshore are continuing, according to ExxonMobil Guyana, which said that experts are diligently examining the post-drill results to gain deeper insights into the oil and gas potential outside of the Stabroek...

Eni hires Baker Hughes for Ivory Coast subsea project

Baker Hughes has been awarded a major contract by Eni and its partner Petroci for the Baleine Phase 2 project in Ivory Coast, Africa’s first Scope 1 and 2 net-zero emissions development. This award includes eight deep water trees, three...

Guyana postpones offshore licensing round

Guyana's Vice President Dr. Bharrat Jagdeo has announced a one-month postponement of the country's offshore licensing round beyond the July 15 bid submission deadline. The delay is to facilitate a review of Guyana's oil and gas regulatory framework. The...

Centre for Local Business Development shortlists 35 for ElevateAll weekend business bootcamp

The Centre for Local Business Development has announced the shortlisting of 35 entrepreneurs for its highly anticipated ElevateAll Weekend Business Bootcamp. This selection marks the beginning of Phase One of the programme, aimed at empowering local business owners, operators,...

Exxon has eyes set on buying Liza Destiny & Unity FPSOs from SBM Offshore

The Liza Destiny and Liza Unity floating, production, storage and offloading vessels (FPSOs) are on ExxonMobil Guyana’s radar for purchase, said its Vice President and Business Service Manager, Phillip Rietema.  Both vessels were constructed by Dutch floater specialist SBM Offshore...

Bomesc secures US$152M topside contract for Errea Wittu FPSO

Tianjin-based marine engineering equipment supplier, Bomesc Offshore Engineering, has successfully secured a contract worth US$152 million for the topsides integration on the Errea Wittu floating production, storage and offloading (FPSO) vessel being constructed for ExxonMobil’s Uaru development in Guyana.  According...

TechnipFMC to provide subsea production systems for Australia gas fields

TechnipFMC has signed a 20-year framework agreement with Chevron Australia Pty Ltd, under which TechnipFMC may provide Subsea 2.0™ configure-to-order subsea production systems for gas field developments off Australia’s northwest coast. The agreement covers the supply of wellheads, tree systems,...

Guyana gov’t moves to fight another challenge to landmark Gas-to-Energy project

The government of Guyana, through the Office of the Attorney General, has taken steps to defend the landmark Gas-to-Energy project in the face of yet another challenge. The project, aimed at transforming the country's energy landscape and providing low-cost...

Ministry to publish proposed amendment to Guyana oil law on June 19

Guyana's Vice President Dr. Bharrat Jagdeo has disclosed plans to commence a public consultation process for the draft Petroleum (Exploration and Production) Act, which will be unveiled by next week. The move will give Guyanese an opportunity to share...

Dalian shipbuilder to construct hull, living quarters for new Guyana FPSO

MODEC has secured a significant agreement with Dalian Shipbuilding Industry Company (DSIC) to construct the hull for a new floating production, storage, and offloading (FPSO) vessel being built for ExxonMobil's Uaru development offshore Guyana. The DSIC, situated in Dalian City...

Latest News

Return of Venezuelan crude could support Trinidad refinery revival – Energy Chamber 

The return of Venezuelan crude to international markets could support efforts to restart refinery operations in Trinidad and Tobago,...