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Guyanese companies to fabricate over 300 tonnes of steel for Jaguar FPSO

Kemol King -
Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than 300 tonnes of steel for the Jaguar floating production, storage and offloading (FPSO) vessel. The massive ship is being constructed...
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ExxonMobil completes US$1.23 billion Prosperity FPSO purchase from SBM Offshore 

OilNOW -
ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from SBM Offshore. The Dutch FPSO-builder announced the completion of the transaction, in a November 7 release, ahead of the maximum lease...
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Optimization efforts ‘perfectly within operating envelope of FPSOs’, says SBM Offshore

OilNOW -
Oil production offshore Guyana has soared from an initial 120,000 barrels per day (b/d) with the Liza 1 development to more than 600,000 b/d, as additional projects come online and equipment on the oil production vessels are optimized to...
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Exxon signals intention to buy Liza Destiny, Prosperity FPSOs from SBM Offshore 

OilNOW -
ExxonMobil intends to purchase the Liza Destiny and Prosperity floating production storage and offloading vessels (FPSOs) from SBM Offshore, the shipbuilder reported in its half-year earnings.  SBM Offshore said both purchases are expected in the “second half of 2024, ahead...
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FPSOs operating within approved production rates – Guyana oil minister

OilNOW -
Guyana's Minister of Natural Resources, Vickram Bharrat, has refuted claims by Opposition Parliamentarian David Patterson regarding the operating limits of the country's oil-producing vessels. Patterson had alleged that the Liza Destiny, Liza Unity, and Prosperity floating production storage and...
News

No other FPSO project in past five years achieved ramp-up like Prosperity 

Shikema Dey -
ExxonMobil’s ramp-up of its third floating, production, storage and offloading (FPSO) vessel offshore Guyana has set an industry benchmark, according to Wood Mackenzie's Upstream Research Principal Analyst, Luiz Hayum.  The Prosperity FPSO, built for the Payara development, reached its oil...
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ABS to classify Seatrium’s new FPSOs for Petrobras in offshore digital collaboration

OilNOW -
Seatrium has awarded the American Bureau of Shipping (ABS) a classification contract for Petrobras' newbuild floating production storage and offloading (FPSO) platforms, P-84 and P-85. Final delivery is expected by 2029. These are the first FPSOs following the ABS...
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Guyana’s biggest FPSO by target production to set sail in H1 2025

OilNOW -
Guyana is set to welcome a trailblazing new floating production, storage and offloading (FPSO) vessel next year. The ONE GUYANA vessel, being constructed by SBM Offshore, is targeting the highest initial oil production observed in the industry for an...
News

Opportunity for Guyanese to fabricate well jumpers for ExxonMobil

OilNOW -
Guyanese fabricators have a new opportunity to provide well fabrication and assembly services in support of ExxonMobil’s offshore operations. A June 7 request for information (RFI) indicates that the company plans to put in place a multi-year enabling agreement for...
News

TotalEnergies targeting ‘Tesla-like FPSO’ as milestones reached, FID nears for Suriname project

OilNOW -
Paramaribo, Suriname - TotalEnergies announced on Wednesday that several key milestones have been reached for its first development at Suriname’s Block 58 where it is the operator. Referencing comments made on Tuesday at the 2024 Suriname Energy Oil and...
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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the...

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