The dual-activity dynamically positioned (DP3) drillship, Stena Carron, is undertaking operations in the deep waters off the Guyana coast in the ExxonMobil-operated Stabroek Block where a 7th development is being targeted.
Guyana’s Maritime Administration Department (MARAD) said in a May...
Vreed-en-Hoop Shorebase Inc. (VEHSI) is inviting locally registered suppliers to provide 91 services in support of its operations. The Expression of Interest (EOI) submissions are due by May 29, 2023.
VEHSI is a joint venture between NRG Holdings Inc., a...
Norway has officially reopened the Njord oil field in the Norwegian Sea, marking a significant milestone in the country's energy industry. The platform and floating storage and offloading vessel (FSO) have undergone extensive upgrades.
Minister of Petroleum and Energy, Terje...
Guyana Justice of Appeal, Rishi Persaud, has set May 29 as the hearing date for the appeal of a Supreme Court ruling concerning financial assurance for ExxonMobil’s Stabroek Block operations.
Persaud met with participants in the case during a case...
It’s full steam ahead with Guyana’s Gas-to-Energy project.
Before the second quarter ends, Van Oord and Subsea 7 are expected to begin laying pipeline infrastructure on Guyana’s seabed, project documents indicate.
A project summary submitted by the consortium to the Environmental...
Gas production is dwindling in Latin America at a time when the world needs the resource the most. But this could be an opportune time for Guyana - the South American country with big reserves that is laser-focused on...
With the drilling costs for the Wei-1 well on the Corentyne Block jumping from the initial US$160 million estimate to a range of US$175 million – US$190 million, shareholders for Frontera Energy Corporation have expressed concern about the capacity...
Petrobras, the Brazilian state-run oil and gas company, on May 9 announced that its average oil, natural gas liquids (NGL), and natural gas production reached 2.68 million barrels of oil equivalent per day (MMboed) in the first quarter of...
Oil majors raked in big bucks in 2022. It was a great year for oil and gas profits.
ExxonMobil Corp made a whopping US$55.7 billion in earnings for the full year, up from US$23 billion in 2021 – a US$32.7...
Next up on ExxonMobil’s Stabroek Block development list is Yellowtail - one of the largest ever sanctioned. Coming in at US$10 billion, the project is running ahead of schedule; with the production vessel 45% complete and preparatory works progressing...
