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Exploration

Maximising local content, developing Guyanese workforce are top priorities – SBM Offshore

OilNOW -
SBM Offshore says it remains committed to building the capacity of its Guyanese workforce as part of plans to become fully integrated in the South American country. These objectives were emphasised at the second annual Guyana International Petroleum Exhibition (GIPEX),...
News

Guyana oil production targeted for possible December start-up

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Oil production in the South American country of Guyana is targeted for a possible December start-up at the Liza Phase 1 Development, months ahead of the originally planned timeline of QI 2020. The Liza field sits in the giant 6.6...
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Guyana moving to ‘Prosperity’ for 3rd offshore development

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With the discovery of large quantities of oil off its coast, the South American country of Guyana began preparations for becoming the newest oil producing nation in the region which saw the construction of its first oil production complex...
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SBM Offshore begins construction of Guyana’s 2nd floating oil production complex

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Dutch firm SBM Offshore has commenced the construction phase of the Liza Unity floating production, storage and offloading vessel (FPSO) following ExxonMobil’s final investment decision (FID) on the Liza Phase 2 development, in May 2019. This follows the recent delivery...
Exploration

Exxon strikes oil at Tripletail offshore Guyana

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ExxonMobil said on Monday it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent...
News

ExxonMobil makes 13th discovery offshore Guyana

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ExxonMobil said on Thursday it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent...
News

None like Payara: Exxon yet to replicate optimization, but there’s still time

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The ramp-up of ExxonMobil’s Payara project remains unmatched in Guyana’s offshore oil history, even as more developments come on stream. Wood Mackenzie’s Principal Analyst Luiz Hayum described the startup of the Prosperity FPSO at Payara as setting an industry...
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Baker Hughes achieved 55% Guyanese workforce in 2024

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Baker Hughes reached a major local content win in 2024, with 55% of its workforce in Guyana made up of Guyanese. The company credits sustained investment in local talent and a people-centered development strategy. “People first energy board is really...
News

SBM Offshore advanced global recruitment in 2024, expanded training programs in Guyana

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SBM Offshore recruited 1,274 new staff in 2024, with the majority based in Brazil, India, and Guyana. “New joiners are successfully prepared for their jobs through intensive local onboarding,” the company stated in its 2024 annual report. Leadership training was...
News

Guyana cemented as core pillar in ExxonMobil’s global oil strategy

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ExxonMobil has reaffirmed Guyana’s growing importance within its global operations, with Business Services Manager John Colling declaring that the South American nation will remain a “very important component” of the company’s production strategy for years to come. ExxonMobil currently has...
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MODEC: Eight Guyanese trainees head to Singapore for second phase of development program

Eight Guyanese nationals have completed the first phase of MODEC Guyana’s 20-month Onshore Trainee Program and are set to...

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