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TechnipFMC clinches subsea contract for Ithaca Energy North Sea project

OilNOW -
TechnipFMC announced Monday that it has been awarded a significant Engineering, Procurement, Construction and Installation (EPCI) contract from Ithaca Energy (UK) Limited for the Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. TechnipFMC will design, manufacture, deliver and...
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Yellowtail will catapult Guyana to world’s largest oil producer per capita – Analyst

OilNOW -
When ExxonMobil’s Yellowtail Development Project at the Stabroek Block comes on stream in 2025, Guyana will be producing over 800,000 barrels of oil per day. One analyst who has been following the Guyana oil story closely says this is...
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Hess Corporation’s most impressive asset is in Guyana

OilNOW -
Hess Corporation's most impressive asset remains the 30% stake it has in the Stabroek Block offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015. The first 4 developments – Liza Phase 1, 2,...
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WWF calls for full environmental assessment of oil and gas operations in Guyana, applauds tougher measures for flaring

OilNOW -
The World Wildlife Fund (WWF) is calling for a full environmental and social assessment of Guyana’s oil and gas development, warning that dire consequences could be met if the South American country fails to take such steps. “Having taken note...
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ExxonMobil on track to reinstall, safely restart gas compression equipment by June

OilNOW -
ExxonMobil Guyana is on track to have its redesigned gas compression equipment reinstalled and in operation by June. The company revealed in an update on Friday that repairs and upgrades to the third stage discharge silencer, a component of...
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Guyana world class deep water projects contributing to SBM Offshore growth

OilNOW -
The four Floating Production Storage and Offloading (FPSO) vessels currently being built by SBM Offshore are positively contributing to the company’s growth phase. Two of the FPSOs are being constructed for operations offshore Guyana at the ExxonMobil-operated Stabroek Block. On...
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Giant Yellowtail FPSO will produce up to 7.5 million barrels of oil per month during early stage of operations

OilNOW -
The offshore developments in Guyana are growing both in number and capacity, with the fourth proposed project at Yellowtail being designed to utilize a giant floating production storage and offloading (FPSO) vessel capable of holding 2 million barrels of...
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Fabrication of topsides for Guyana’s 3rd oil production vessel underway in Singapore

OilNOW -
Work on Guyana’s 3rd oil production vessel is progressing on schedule in Singapore, SBM Offshore said in its Q1 trading update on Wednesday. The Dutch floater specialist has been forging ahead with major construction projects despite challenges from the...
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Singapore shipbuilder capturing big contracts for South America floaters

OilNOW -
Keppel Offshore & Marine has secured yet another contract for a South America-bound floater. The company announced on Monday that it was hired for the turnkey delivery of P-78, one of the largest Floating Production, Storage and Offloading (FPSO)...
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Supplying Guyana domestic market will help tackle growing gas-to-oil ratio offshore

OilNOW -
As an increasing number of developments come on stream offshore Guyana, large amounts of associated gas will be produced alongside high volumes of oil. Following the already producing Liza phase 1 project is phase 2, targeting 220,000 barrels of oil...
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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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