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Contracts confirmed for giant Prosperity FPSO, SBM Offshore looking to execute some fabrication work in Guyana

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Dutch floater specialist, SBM Offshore, announced Thursday that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the...
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Yellowtail could add another 220,000 bpd to Guyana output, 7 floaters on the cards – Hess

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Though the Hammerhead area was targeted for the fourth development project in the Stabroek block offshore Guyana, the high quality oil discovered back in July during the appraisal drilling at the Yellowtail field has changed the plans for the...
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SBM Offshore plans to put more Guyanese on FPSOs and in shorebase offices – Michiel Heuven

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SBM Offshore is looking to increase its local workforce and build the capacity of Guyanese to take up more leadership positions in its operations in the new oil producing South American country. This is according to the company’s Head...
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Approval of Payara this month will keep 2023 first oil target on track – Hess

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Although already delayed since 2019, if the Payara development is approved by the end of September, this will ensure that the 2023 timeline for oil production start-up remains on track, adding another 220,000 barrels of oil per day to...
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Another Strike: ExxonMobil announces Redtail Discovery Offshore Guyana

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Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...
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Government does not see Payara as “make or break” – Vice President

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Vice President of Guyana, Bharrat Jagdeo, said on Monday the government does not see the Payara Development project as a ‘make or break’ as it relates to benefits that would accrue to the South American country from its multi-billion...
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Logistics company ramping up vessel capacity as demand for services offshore Guyana grows

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RAMPS Logistics is expanding its services in Guyana as exploration and production activities offshore the South American country continue to expand. The company plans to increase the number of vessels operating in the country which the head of its...
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Oil and gas companies continue to fold under severe pressure even as Guyana offshore blooms

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The COVID-19 pandemic is adding severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. This comes at a time when prospects on the South American north coast continue to...
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TechnipFMC seeks Guyanese firms for subsea project facilities

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TechnipFMC has invited Guyanese companies to submit Expressions of Interest (EOIs) for the construction of facilities it needs to support its subsea projects related to ExxonMobil’s production activities offshore Guyana. The date for the submission of EOIs is September 13,...
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Unprecedented market challenges driving competition for scarce resources – Alistair Routledge

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The ongoing COVID-19 pandemic has hit each and every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The spread of the virus has forced many oil and...
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Spain-bound tanker departs Guyana with second Yellowtail cargo – OilX

The Nordic Zenith tanker has departed ExxonMobil Guyana’s ONE GUYANA floating production vessel with the second cargo of crude...

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