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Publicising Exxon’s cost recovery statements not in keeping with norm – Guyana VP

OilNOW -
Though respectful of the public’s right to know how much oil companies are spending and recovering to cover their investments, there are some categories of information that just cannot be disclosed due to their proprietary nature, says Vice President...
Business Wire

Technip Energies Financial Results for Full Year 2022

Robust FY 2022: Adjusted revenue of €6.4bn and adjusted recurring EBIT margin of 7.0%, up 50bps Y/Y Strong EPS growth supports proposed dividend of €0.52/share, up 16% Y/Y Substantial growth in TPS backlog, up 63% Y/Y, reinforcing T.EN’s differentiated hybrid model Initiate...
Business Wire

Gensource Potash Announces Strategic Business Relationship with Nekaneet First Nation and Provides Tugaske Project Update

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES SASKATOON, Saskatchewan & LONDON--(BUSINESS WIRE)--Gensource Potash Corporation (“Gensource” or the “Company”) (AIM/TSXV: GSP), a fertilizer development company focused on sustainable potash production, is honoured to announce...
News

With increasing offshore projects, SBM Offshore looks to expand Guyana supplier base

OilNOW -
SBM Offshore held a vendor forum on Friday, the closing day of the International Energy Conference and Expo 2023, at the Marriott Hotel. The company needs an expanded supplier base, as it is building, delivering and operating an increasing number...
News

Exxon working to more than triple Guyana oil production by 2027

OilNOW -
By 2027, Guyana oil production is expected to hit 1.2 million barrels per day (bpd), making it the second largest producer in South America, after Brazil, based on current output across the region. Liam Mallon, ExxonMobil’s Upstream President confirmed the...
News

Jagdeo defends Exxon recovering cost of Ogle facility

OilNOW -
Vice President Dr. Bharrat Jagdeo last Friday defended the government’s position to support ExxonMobil recovering the US$160 million cost of its Guyana onshore facility, through the cost oil mechanism in the Stabroek Block Production Sharing Agreement (PSA). ExxonMobil Guyana President,...
News

OPEC expects Guyana to up 2023 crude production by more than 90,000 bpd

OilNOW -
The Organisation of Petroleum Exporting Countries (OPEC) expects Guyana to add about 90,000 barrels of crude per day (bpd) to its current output, according to the  January monthly oil market report. This would lift Guyana’s 2023 output 32 million barrels...
News

Guyana First Lady says new oil production vessel creates link to brighter future

OilNOW -
Singapore, February 1, 2023: First Lady of Guyana, Arya Ali, says the name of the Prosperity floating production, storage and offloading (FPSO) vessel represents what is in store for the people of the new oil producing South American country....
News

PROSPERITY UPDATES: Naming ceremony for Guyana’s third FPSO set for Wednesday

OilNOW -
The naming ceremony for Guyana’s third floating, floating, production, storage and offloading (FPSO) vessel – the Prosperity – is set for Wednesday Feb. 1 at the Keppel Shipyard in Singapore. First Lady of Guyana, Arya Ali, attended a reception hosted...
News

PROSPERITY UPDATES: Guyana FPSO built with record sustainable design

OilNOW -
The Payara project, scheduled for startup in 2023, will utilise a floating production, storage and offloading (FPSO) vessel with a record sustainable design. ExxonMobil had said that its new Guyana FPSOs would be modeled off the sustainable design of the...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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