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SBM Offshore to build largest producing unit in company’s history for Exxon’s Yellowtail project

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SBM Offshore announced on Wednesday that it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for Guyana's Yellowtail Development project. The Dutch floater specialist said the award...
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TechnipFMC wins contract to supply subsea system for Guyana’s US$9 billion Yellowtail Project

OilNOW -
French-American conglomerate, TechnipFMC has been awarded a large contract by ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), to supply the subsea production system for the Stabroek block's US$9 billion Yellowtail Development Project. For TechnipFMC, a “large” contract is between...
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Guyanese being upskilled in support of over US$27 billion in Exxon’s offshore projects

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As it awaits the requisite regulatory approvals, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has assured that it has and will continue to invest in upskilling locals to support its Stabroek Block projects worth over US$27B. As part...
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Guyana & Brazil make South America TechnipFMC’s most important subsea market – CEO

OilNOW -
Chairman and Chief Executive Officer (CEO) of TechnipFMC, Doug Pferdehirt, has deemed South America to be by far, the most important market for its subsea business this decade. During his company’s 2021 third quarter earnings call, the Chairman said Brazil...
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Guyana oil revenue surpasses half billion USD, next lift just days away

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As of October 31, 2021, Guyana’s Natural Resources Fund (NRF) grew to US$534 million. This is according to a monthly oil fund report prepared by the Ministry of Finance (MoF). The last reported figure in the NRF was US$436...
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Exxon targeting 75% Guyanese workforce for Yellowtail oil production vessel – report

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After eight years of operations offshore Guyana, ExxonMobil expects around 75% of the workforce on the giant Yellowtail Floating, Production, Storage and Offloading (FPSO) vessel will be Guyanese, starting from an initial 25%. This is according to the Environmental Impact...
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Guyana – one of the world’s last oil and gas frontiers

OilNOW -
This article was first published in the T&T Business Newsday on October 21, 2021. ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an incredible 10 billion barrels of oil equivalent. The first discovery was...
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Exxon set to begin public discussions on Guyana’s largest offshore project

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ExxonMobil local affiliate Esso Exploration and Production Guyana Limited (EEPGL) is forging ahead with its fourth offshore project at the Stabroek Block, the largest to date, at the Yellowtail Development. The company has since submitted the Environmental Impact Assessment (EIA)...
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TechnipFMC bags substantial contract for Brazil’s Petrobras

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TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a substantial long-term charter and services contract by Petrobras (NYSE: PBR) for the pipelay support vessel Coral do Atlântico. The Brazilian-registered vessel has been secured on a three-year contract, with an option to...
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Exxon Senior VP says partnering with Guyana is a privilege

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Senior Vice President of Exploration and New Ventures at ExxonMobil, Mike Cousins, says partnering with the people of the new oil producing South American country of Guyana has been a privilege for the company which has found over 9...
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SBM Offshore’s Blue Ammonia FPSO design wins ABS approval

SBM Offshore has received approval in principle from the American Bureau of Shipping (ABS) for a new floating production,...

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