Wednesday, February 8, 2023

News

Guyana and Suriname forge closer private sector ties

Guyana’s Private Sector Commission is establishing closer ties with its Surinamese counterpart for enhanced collaboration as both countries pursue oil and gas development.  The Guyana-Suriname Private Sector Business Council headed by Guyanese Paul Cheong was created in 2022 and on...

PROSPERITY UPDATES: Naming ceremony for Guyana’s third FPSO set for Wednesday

The naming ceremony for Guyana’s third floating, floating, production, storage and offloading (FPSO) vessel – the Prosperity – is set for Wednesday Feb. 1 at the Keppel Shipyard in Singapore. First Lady of Guyana, Arya Ali, attended a reception hosted...

Exxon posts record-breaking US$56 billion earnings for 2022

With 2022 closed, ExxonMobil raked in a whopping US$55.7 billion in earnings for the full year, up from US$23.0 billion in 2021 – a US$32.7 billion increase, its Chief Executive Officer (CEO) Darren Woods reported to investors on Jan....

Stabroek partners looking to up Liza Unity production in Q4 2023

After a successful start-up in February 2022 and a gradual production ramp-up in July, the Stabroek Block co-venturers are considering production optimisation measures on the Liza Unity FPSO in the fourth quarter of 2023. Hess President and Chief Operating Officer,...

Norway firm says energy markets enjoying 7-year investment feast

Rystad Energy’s projections place the global energy market for suppliers in a seven-year feast, following a seven-year famine that ended in 2021. The analyst said last year was a turning point with the post-pandemic recovery and record high gas prices...

Young Guyanese cop training opportunity at Qualco HQ

Ravindra Chuniram and Joshua Ramotar were two of the first Guyanese hired by Qualco Guyana to work at its Supply, East Bank Demerara training base as Roustabouts – an entry-level, broad-based skill-level oil and gas position. Both men are now...

Ten wells planned for Stabroek Block in 2023 – Hess

The Stabroek Block co-venturers intend to drill 10 exploration and appraisal wells there in 2023, Chief Executive Officer of Hess Corporation, John Hess said Tuesday. “We continue to see multibillion barrels of additional exploration potential on the Stabroek Block,” Hess...

PROSPERITY UPDATES: Guyana FPSO built with record sustainable design

The Payara project, scheduled for startup in 2023, will utilise a floating production, storage and offloading (FPSO) vessel with a record sustainable design. ExxonMobil had said that its new Guyana FPSOs would be modeled off the sustainable design of the...

Builder of Guyana FPSOs launches landmark competition for high school students

SBM Offshore in collaboration with the Ministry of Education in Guyana recently launched the Guyana-Monaco Mousetrap Car Grand Prix Competition, an international contest held annually in the Principality of Monaco. The competition sees high school students using the Laws of...

Partnership brings subsea robotics training, ROV simulator to Guyana for first time

A partnership between Caribbean Subsea Specialist Inc. (CSSI) and 3t EnerMech (ODITC) has led to the launch of world-class robotics training and project simulation being available for the first time in Guyana. The Schilling Heavy Duty remotely operated underwater vehicle...

Latest News

BP extends Stena IceMAX contract for drilling in Gulf of Mexico

BP has extended its contract for utilisation of the mobile offshore drilling unit (MODU) Stena IceMAX, Stena Drilling said...