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SBM Offshore moving ahead with 2 more hulls under Fast4Ward® programme

OilNOW -
SBM Offshore said Thursday it has signed contracts for the construction of the Company’s fourth and fifth hulls under its purchase program for Fast4Ward® new build multi-purpose hulls. The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd....
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Hundreds flock to oil and gas job fair in Guyana as industry preps for take off

OilNOW -
Hundreds of Guyanese flocked to a job fair on Thursday organized by El Dorado Offshore (EDO), one of the companies in the South American country providing human resource services to the emerging oil and gas industry. The event, the second...
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Approval of Payara development expected by Q1 2020

OilNOW -
Final Investment Decision on ExxonMobil’s third development project offshore the South American country of Guyana is expected by Q1 2020 as authorities move to embark on a third-party review of the Field Development Plan. Sanctioning of the Payara development...
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Guyana revenue take will increase as oil production climbs

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The projected revenues the South American country of Guyana is set to receive from oil production have been steadily growing since approval of the first offshore development at the giant Liza field. The Liza Phase 1 Development, sanctioned in June...
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University students, members of the public visit Exxon’s ‘open house’ for Payara project

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Adopting a different format geared towards maximising interaction with the public, ExxonMobil Guyana staged an ‘open house’ on its proposed 220,000 barrels per day Payara project on Monday, September 30 at the Pegasus Hotel in the country’s capital, Georgetown. The...
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High-level gov’t delegation tours Guyana’s 1st floating oil production complex

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A high-level Guyanese delegation on Monday visited the country’s first Floating, Production, Storage and Offloading Vessel (FPSO)—the Liza Destiny—for a first-hand look at the facility that will be producing the country’s first barrel of oil. The team, comprising ExxonMobil’s Country...
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Guyana seeking expert to review Payara development plan

OilNOW -
Authorities in Guyana have begun the process for hiring an expert to review the Field Development Plan (FDP) submitted by US oil major ExxonMobil for the 220,000 barrels per day Payara Development. “The Department of Energy (DE) has received the...
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Risk and reward: less than 9 months to first oil

OilNOW -
With roughly less than nine months to go until first oil, there is great anticipation of the positive impact that oil revenues would potentially have on Guyana’s economic development. The 13 discoveries made by ExxonMobil thus far do not only...
News

SBM Offshore takes ‘Life Day’ to Guyana

OilNOW -
With an eye on the safety and wellbeing of its employees, SBM Offshore observed its sixth annual Life Day event on Wednesday, June 12, 2019. Life Day, which is observed globally, was held in Guyana for the first time,...
News

ExxonMobil looking to sanction 2 more developments in Guyana this year

OilNOW -
As Guyana moves closer to producing its first barrel of oil from the Liza Phase 1 Development project, ExxonMobil is looking to make its Final Investment Decision on two more developments offshore the South American country this year. The company...
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SLB acquires ChampionX as it strengthens production and recovery capabilities

SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its...

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