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ExxonMobil conducting met-ocean survey at Stabroek

OilNOW -
ExxonMobil Guyana is currently conducting a met-ocean survey at its Stabroek Block offshore the South American country of Guyana. The operation, which is scheduled to conclude on May 5, is being executed by the M/V Sea Service some 90 nautical...
News

Resource from 3 wells to be added to 5.5 billion estimate at Stabroek Block

OilNOW -
ExxonMobil said that the last three discoveries in the Stabroek Block offshore Guyana – Haimara, Tilapia and Yellowtail – will add to the 5.5 billion barrels of oil equivalent resource estimation determined following the tenth discovery. Jack Williams, Senior Vice...
News

ExxonMobil contracts Noble Don Taylor for Guyana drill campaign

OilNOW -
ExxonMobil has contracted the drillship Noble Don Taylor for operations offshore the South American country of Guyana. This is according to a fleet status report from Noble Corporation which was published on April 18, 2019. The Noble Don Taylor has...
News

Guyana oil bounty pushing demand for more drill capacity

OilNOW -
On the heels of its record 13th discovery offshore Guyana, US oil major ExxonMobil is looking to ramp up its exploration and production activities in the South American country with the addition of yet another drillship to its fleet,...
News

FID and key terms in O&G industry

OilNOW -
FID is the Final investment decision to invest in a project, typically made by the board and executive committee of oil companies. At this point, major risks have been mitigated and concerns addressed. The project then moves to execution,...
News

Magnitude of oil discoveries presents ‘historic opportunity’ for Guyana to boost growth – World Bank

OilNOW -
With approval of a US$20M loan from the World Bank to support a programme geared towards capacity building for Petroleum Resources Governance and Management, the South American country of Guyana is hoping to continue putting systems in place that could...
News

Upstream: SBM set to firm up third Fast4Ward order

OilNOW -
SBM Offshore is set to sign a commercial contract with Chinese yard China Merchant Heavy Industry (CMHI) this weekend to build the hull of a floating production, storage and offloading vessel under the Dutch floater specialist’s Fast4Ward design, Upstream...
Exploration

Offshore drilling making comeback with low-cost targets like Stabroek

OilNOW -
Producing 120,000 barrels of oil per day from the Permian basin would require a $12.8 billion investment while hitting the same volume from Guyana’s Stabroek Block require just $3.7 billion for the first phase of the Liza Development project. John...
News

TechnipFMC snags EPCI contract for Eni’s Merakes project

OilNOW -
TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, Transportation and Installation (iEPCI™) contract by Eni for the Merakes project, located offshore Balikpapan Indonesia, at a water depth of approximately 1,500 meters. This contract covers five deepwater wells, and...
News

TechnipFMC setting up new service facility in Guyana

OilNOW -
ExxonMobil’s prime contractor for the manufacturing and installation of subsea equipment, TechnipFMC, days ago broke ground on its new location at Houston, on the East Bank of Demerara in Guyana. According to ExxonMobil Guyana, the new TechnipFMC location will initially...
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What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat...

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