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SBM Offshore seeking suppliers for offshore gas sampling and chromatography

OilNOW -
Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, is inviting suppliers to provide technical and operational solutions for on-site natural gas sampling and Gas Chromatography (GC).  SBM Offshore on track to deliver ‘near zero emission’ FPSO to...
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British trading firms win contracts to market Guyana’s crude oil

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UK-based BB Energy Trading Limited and JE Energy have secured contracts to market Guyana’s share of crude oil from the country's three floating production storage and offloading (FPSO) vessels.  The contracts were awarded through a competitive bidding process managed by...
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Guyana stands out globally; will maintain cost competitiveness despite expected drop in future oil prices – Norway firm

OilNOW -
South America's newest oil producer, Guyana, continues to stand out as a highly competitive destination for deepwater projects around the world. U.S. oil major ExxonMobil is currently spending around 20% of its total exploration and production (E&P) investments in...
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Guyana projects help boost SBM Offshore half-year earnings as 8th hull reserved for Suriname

OilNOW -
SBM Offshore posted strong financial performance in the first half of 2024, with directional revenue increasing to US$1,840 million - a 23% increase compared to the same period last year. Directional Turnkey revenue rose to US$662 million compared to US$558...
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Bringing Hammerhead gas to shore among considerations for Exxon

OilNOW -
ExxonMobil is considering multiple alternative options for the associated gas from the proposed Hammerhead oil development.  Hammerhead, which is currently being reviewed for regulatory approval, would be the seventh Stabroek Block project. For the prior six developments, the associated gas...
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ExxonMobil leads majors in reserve replacement – Westwood 

OilNOW -
At the end of 2023, ExxonMobil reported booked reserves equivalent to more than 12 years of its production, according to a report from Westwood Global Energy Group.  In contrast, the combined proved reserves for five supermajors - bp, Shell, Chevron,...
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Bourbon Clear vessel in Guyana to support Yellowtail development operations 

OilNOW -
Offshore marine services company – Bourbon Guyana Inc. – now has seven vessels supporting oil and gas operations offshore in the Stabroek Block.  “The Bourbon Clear joins our local Bourbon Guyana fleet, increasing the number to 7 OSVs operating...
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SBM Offshore observes 11th Life Day anniversary with emphasis on Hand Safety

OilNOW -
SBM Offshore marked its 11th annual Life Day on May 28, focusing on hand safety and overall workplace wellbeing. The event, themed “Every day is Life Day,” was celebrated globally and included a gathering at the Guyana Marriott Hotel. Martin...
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‘Excellence in project execution, operation’ saw Payara reaching nameplate capacity ahead of schedule – Exxon

OilNOW -
ExxonMobil said in its 2024 first-quarter earnings report that excellence in project execution and operations was demonstrated when the Payara project safely reached its nameplate production target of 220,000 barrels per day (b/d) in January.  Dutch floater specialist, SBM Offshore,...
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Exxon greenlights US$12.7 billion Whiptail project in Guyana

OilNOW -
Mega project to start-up in 2027 The final investment decision (FID) for ExxonMobil’s sixth Stabroek Block development, Whiptail, has been made, the company announced on Friday.  The project, after ramping up, will add 250,000 barrels of oil per day to Guyana...
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Guyana records US$3 billion trade surplus in Q1 2025, driven by oil exports

Guyana posted a trade surplus of US$3.01 billion in the first quarter of 2025, driven by crude oil exports,...

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