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Builder of Guyana FPSOs completes US$635 million loan for giant Brazil floater

OilNOW -
Dutch floater specialist SBM Offshore announced Thursday that it has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The facility was secured by the special purpose company which will own FPSO Almirante Tamandaré....
News

World’s first FPSO to be awarded SUSTAIN-1 Notation is now in alignment with key elements of UN SDGs – ABS

OilNOW -
The Liza Unity FPSO which has been awarded the SUSTAIN-1 notation by leading Classification Society American Bureau of Shipping (ABS) is now in alignment with key elements of the United Nations’ Sustainable Development Goals (SDGs). “The SUSTAIN-1 notation demonstrates the vessel’s alignment with...
News

Guyana FPSOs ramping up traffic at Asian shipyard

OilNOW -
Guyana’s appetite for Floating Production Storage and Offloading (FPSO) units to produce its massive oil reserves is growing as more developments come on stream at the ExxonMobil-operated Stabroek block. This demand for FPSOs was most evident recently with two Guyana...
News

Massive Prosperity FPSO hull arrives at Singapore yard

OilNOW -
Dutch floater specialist SBM Offshore said on Thursday the hull for the Prosperity Floating Production Storage and Offloading (FPSO) vessel has arrived safely at the Keppel yard in Singapore. The next phase of construction will now commence, with the...
News

This South American country has a huge appetite for FPSOs

OilNOW -
There is no letting up in South America's hottest new oil and gas basin where demand for FPSOs is growing as more hydrocarbons are found off the coast, adding to the multi-billion-barrel resources already discovered. Take a brief by the...
News

SBM Offshore mobilizing for departure of Guyana FPSO

OilNOW -
SBM Offshore said on Thursday its financial results at half-year are in line with management expectations and that staff and contractor teams continue to perform well despite the challenging conditions from the continuing pandemic. The company is also mobilizing...
Exploration

Exxon says goal is to have 75% Guyanese workforce on each FPSO

OilNOW -
ExxonMobil Guyana says it has been pursuing various initiatives to ensure hundreds of Guyanese are able to take up leading roles in supporting the operations of the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel. Public and Government Affairs Advisor, Janelle Persaud, disclosed...
News

Over 26,000 tons of topsides lifted for Guyana’s 2nd FPSO

OilNOW -
The topsides lifting campaign for the Liza Unity FPSO was completed in March 2021 with over 26,000 tons of topsides lifted in position since the vessel came out of dry-dock in October of last year. Both Keppel and Dyna-Mac...
News

Guyana renews search for firm to market Liza crude

OilNOW -
Guyana's Ministry of Natural Resources has issued a new Invitation for Bids (IFBs) from suitable firms to market the country's oil entitlement from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel. Bidders are asked to submit their tenders...
News

Surge in FPSO awards to double fabricators’ pipeline, Yellowtail next in line for Guyana

OilNOW -
Norway-based Rystad Energy said in a report on Thursday that the FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. The consultancy group expects FPSO awards...
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SEOGS 2025 moves to accommodate growing participation

Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the...

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