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CNOOC excited about Liza Phase Two start-up; outlines 2022 business strategy

OilNOW -
China National Offshore Oil Corporation (CNOOC) which has a 25 percent working interest in the Stabroek Block, outlined on Tuesday, key details of its 2022 business strategy. The company said that it has 13 new projects coming on stream that...
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FPSO contracts surge; Guyana contributing to global total this year – Rystad Energy

OilNOW -
The market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, with 10 new awards expected, according to a Rystad Energy report. Two lease...
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Liza Unity start-up, gas-to-energy FID among major projects for Exxon this year – Routledge

OilNOW -
Guyana’s oil production will almost triple this year as the state-of-the-art Liza Unity floating production storage and offloading (FPSO) vessel comes on stream, adding to the output from its sister unit, the Liza Destiny. ExxonMobil is also looking to make...
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Liza Destiny FPSO racks up over 800 days with no recordable incident – Routledge

OilNOW -
The Liza Destiny FPSO, Guyana’s first oil production vessel, has racked up over 800 days with no recordable incident offshore the South American country where it has been producing oil for the past 24 months. The vessel, built and operated...
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Dutch floater specialist secures US$620 million loan for Brazil FPSO

OilNOW -
SBM Offshore announced Friday that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão. The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is...
News

Builder of Guyana FPSOs celebrates five years in new oil province

OilNOW -
SBM Offshore, the builder and operator of floating production storage and offloading (FPSO) units operating offshore Guyana, on Wednesday celebrated five years of operations in the new oil producing South American country. The auspicious occasion was marked with the...
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‘Guyana is best growth opportunity seen in Latin America past 30 years’ – Energy group

OilNOW -
With discovered oil resources of over ten billion barrels, low breakeven costs of $25-$35, and a light sweet crude, low in sulfur that emits fewer greenhouse gasses, Managing Director of Americas Market Intelligence John Price, says Guyana is the...
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SBM Offshore providing training opportunities for Guyanese to work on FPSOs

OilNOW -
SBM Offshore is providing the opportunity for Guyanese to be equipped with the skills and knowledge to work onboard Floating Production Storage and Offloading (FPSO) vessels operating offshore the South American country, through its Trainee Technician Programme. This aligns...
News

Exxon confident in performance of gas compressor on new Guyana FPSO

OilNOW -
Guyana’s largest floating production storage and offloading (FPSO) vessel arrived offshore this week for oil production activities at the ExxonMobil-operated Stabroek Block. The U.S. oil major says it is confident that the equipment on the SBM Offshore built and...
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By 2026, 4 FPSOs will deliver 50 million barrels of oil, US$4 billion annually to Guyana – Bharrat

OilNOW -
Guyana’s Natural Resources Minister, Vickram Bharrat, says in the next four to five years Guyana would be well on its way to becoming the “mini-Dubai” of the Caribbean as it will have four oil ships providing considerable production volumes...
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OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the...

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