The oil reserves discovered in the 6.6 million acres Stabroek Block located 120 miles of the Guyana coast will help to supply the world’s growing energy needs. The magnitude of the discoveries made so far by US oil major...

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed a Surface Technologies Frame Agreement with Chevron. This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada. Richard Alabaster, President of TechnipFMC’s Surface Technologies business, said,...

ExxonMobil Guyana Liza Tier 1 contractor TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt. This EPC contract covers the debottlenecking...

Rapid development and production offshore Guyana will see oil production at peak moving from 120,000 barrels of oil per day (bpd) from the Liza Phase 1 project in 2020 to a whopping 520,000 bpd after the Liza Phase 2...

The Build Operate transfer (BOT) model is being applied by ExxonMobil in Guyana on its high-profile Liza Phase 2 FPSO project. Given government approval, SBM Offshore will conduct fabrication, installation, lease and operation of the Liza 2 FPSO for...

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. for the engineering of the subsea system for the proposed Liza Phase 2 project. Following engineering and subject to requisite government approvals,...

Pending the granting of approval from the Environmental Protection Agency (EPA) in Guyana, US oil major ExxonMobil could make its Final Investment Decision on the giant Liza Phase 2 Development project within months. The company is awaiting Environmental Authorization from...

Head of Guyana’s Department of Energy (DOE) Dr Mark Bynoe says there is no need to delay the Liza Phase 2 development pending an audit of contract costs for Liza Phase 1. Over the last week, Dr Jan Mangal, former...

Saipem’s newly acquired US$275M Lewek Constellation vessel will be part of the Italian company’s fleet for the ExxonMobil-led Liza Phase 2 development offshore Guyana. The ultra-deepwater rigid and flexible pipelay heavy lift and construction vessel will join the Saipem FDS2...

Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana to the tune of 700 million USD. These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil,...