Thursday, June 30, 2022

Production

Lifting of topsides begins for Guyana’s third FPSO

SBM Offshore posted footage of the lifting of the first series of topside modules onto the hull of the Prosperity floating production, storage and offloading (FPSO) vessel, on Wednesday. Work on the FPSO for ExxonMobil Guyana’s third development project at...

EPA ties ExxonMobil’s Yellowtail permit to rigid provisions for reducing emissions

While the Environmental Protection Agency (EPA) has granted ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) permission to move ahead with its US$10B Yellowtail Project, it has done so with several rigid conditionalities attached. With respect to air management,...

Shell starts up gas production at Colibri project offshore Trinidad

Shell Trinidad and Tobago (T&T), through Shell PLC subsidiary BG International Ltd., announced recently that it started production at the Colibri natural gas field offshore the Twin Island Republic. In a statement, the company explained that ‘Project Colibri’ is a backfill project that is expected to...

Hess commits US$2.3 billion to Yellowtail development

Days after government and regulatory approvals were granted for the massive Yellowtail project, Hess Corporation announced its final investment decision on the project with a commitment of US$2.3 billion. This represents the company’s net share of development costs, excluding pre-sanction...

Yellowtail will help secure energy transition, says Exxon in final investment decision

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), expects the Yellowtail project to be instrumental in helping secure the energy transition, it said as it announced the final investment decision (FID) on Monday morning. “Yellowtail’s development further demonstrates the...

US$10 billion Yellowtail development will be largest investment in Guyana’s history

The Yellowtail project will cost US$10 billion to develop, the Ministry of Natural Resources said, in a long-awaited announcement of its approval. This represents the largest investment ever made in the history of Guyana. The Liza Phases One and Two,...

EPA grants Environmental Authorisation for Yellowtail Project

The Environmental Protection Agency (EPA) disclosed on Friday that it gave approval ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) to move ahead with the Yellowtail Project. The regulatory body said an Environmental Permit was granted for a period...

Guyana oil production volumes exceeding expectations

ExxonMobil sees its production volumes from the Permian Basin and offshore Guyana potentially combining for close to 2 million b/d of oil equivalent well before the end of the decade, S&P Global Platts said in an article earlier this...

More oil revenues for Guyana this year as Liza-1 production set to increase

Since 2020, ExxonMobil had planned to make modifications to the Liza Destiny floating production, storage and offloading (FPSO) vessel to safely sustain oil production levels higher than its current nameplate of 120,000 barrels per day. This will soon become...

Keeping Guyana at the forefront of deepwater development, ExxonMobil gears up for fifth project

To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...

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Guyana to resume national climate resilience strategy this year

When Guyana first earned money for the conservation of its forests, it was determined to make sure the proceeds...