Production Manager for ExxonMobil Guyana, Mike Ryan, said there is potential to tie new discoveries at the Stabroek Block into existing offshore projects. The use of this engineering process, called subsea tieback, is a move that saves companies a fraction...

Canadian oilfield service company, Shawcor Ltd. said its pipe coating division has been awarded a definitive contract by Saipem for ExxonMobil’s fourth Stabroek Block development – Yellowtail. A definitive contract ranges between CA$40 million - CA$50 million. Shawcor will be providing...

The Inter-American Development Bank (IDB) has commented in one of its latest publications that Guyana’s oil boom will drive hydrocarbon exports beyond US$3 billion this year and also account for 59.7% of Gross Domestic Product (GDP). It further noted in...

Dutch floater specialist SBM Offshore is the only company in the world to deliver floating production storage and offloading (FPSO) vessels with capacity above 120,000 barrels per day, on time, in the last five years. The company’s world-class performance is...

The capabilities of key agencies tasked with monitoring the offshore oil and gas operations in Guyana have been strengthened over the last two years and work is ongoing to further build capacity as production ramps up in the new...

Given its well-advantaged assets in Guyana and the United States along with its work in Carbon Capture and Storage (CCS), ExxonMobil Corporation believes society should not have to choose between reliable, affordable energy and reduced greenhouse gas emissions. According to...

Hess Corporation reported on Wednesday that its capital and exploratory expenditure for the second quarter of 2022 totaled US$622 million compared with US$429 million in the prior year’s quarter. The company said this is primarily due to higher drilling...

The Payara project, ExxonMobil’s third development in Guyana’s offshore Stabroek Block is 80% complete, according to President and Chief Operating Officer of Hess Corporation, Greg Hill. Topside fabrication/installation is currently being undertaken aboard the Prosperity floating production, storage and offloading...

Guyana’s transformational Gas-to-Energy project is quickly advancing. ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has awarded a substantial contract to Subsea 7 and Dutch maritime contracting company, Van Oord, for the construction of the offshore pipeline and accompanying...

The International Monetary Fund (IMF) in its latest World Economic Outlook published on Tuesday, painted a gloomy picture of global development with much uncertainty ahead. According to the IMF, global output contracted in the second quarter of this year, owing...