The floating production storage and offloading (FPSO) vessel Bacalhau, a collaboration between Equinor ASA and MODEC, Inc., embarked from the Dalian Shipbuilding Industry Co. (DSIC) yard on June 12, en route to Singapore for modules integration and commissioning.
Bacalhau represents...
Leaders in Guyana’s insurance industry recently affirmed that it has the capacity to underwrite 100 percent of the risks in the oil and gas industry.
Specifically, Melissa Desantos, President of the Insurance Association of Guyana and Peter Abdool, President of...
Guyana’s Environmental Protection Agency (EPA) has received the mandated US$2 billion oil spill guarantee from Stabroek Block operator ExxonMobil Guyana and its partners, Hess and CNOOC.
This was confirmed on June 14 by Exxon’s Vice President and Business Service Manager,...
While Guyanese authorities recently signed onto two hefty loan agreements with Qatar and Saudi Arabia totalling US$500 million, Vice President, Dr. Bharrat Jagdeo has assured that authorities still have a firm grip on its debt management reins.
The official said...
TechnipFMC has been awarded a significant contract by Woodside Energy to engineer, procure, construct, and install flexible pipes and umbilicals for the Julimar Phase 3 development, offshore Western Australia.
The Company will tie back four subsea gas wells in the...
SLB, previously known as Schlumberger, has recently issued a Request for Information (RFI) as it embarks on the search for firms capable of providing auditing services for its affiliate in Guyana. The oilfield services company has outlined the specific...
TotalEnergies announced the Ntokon oil and gas discovery on OML102 offshore Nigeria, on Tuesday, June 13.
Located in shallow waters, 60 kilometres (km) off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 metres of net oil pay...
In a significant development, Touchstone Exploration, a leading energy company, emerged victorious in the highly competitive bid round for the coveted Cipero onshore block in Trinidad and Tobago. The company's wholly-owned subsidiary, Primera Oil and Gas Limited (Primera), was...
No word on commerciality
Drilling costs revised upward again
After completing the drilling of the Wei-1 well offshore Guyana, CGX Energy Inc. on Tuesday announced a discovery of 71 feet of net oil pay. The CGX exploration campaigns in recent years...
Since 2015, ExxonMobil has made over 35 discoveries at the prolific Stabroek Block offshore Guyana with the Tilapia-1 find encountering the largest high-quality oil-bearing sandstone reservoir – bigger than the world-class Liza-1 - which put the South American country...
