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ExxonMobil’s Liza projects cop excellence award

ExxonMobil's Liza projects have been honored with the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award, recognizing outstanding achievements in executing oil and gas projects.  The award, presented during the 2024 IPTC in Dhahran, Nepal, highlighted the company's...

Prosperity FPSO achieves background flare in record 39 days

Guyana’s third oil production vessel - Prosperity - has achieved background flare in a record 39 days, according to an announcement by ExxonMobil Guyana Limited (EMGL) on Wednesday.  EMGL said the accomplishment marks a significant milestone in the company’s commitment...

With six FPSOs onstream, Guyana could be debt-free by 2027 – Vice President Jagdeo

With Guyana expected to produce over one million barrels of oil per day from six floating, production, storage and offloading (FPSO) vessels by 2027, the country will likely have enough money to clear its debt. This is according to...

Prosperity FPSO delivery, Whiptail contract among highlights of SBM Offshore’s third quarter report

The on-time delivery of the Prosperity floating production, storage and offloading (FPSO) vessel and the award of a new front-end engineering and design (FEED) contract for the Whiptail development project are among the key accomplishments noted by SBM Offshore...

Liza Destiny quickest to peak production among Guyana, Brazil FPSOs – S&P Global

The timeframe to ramp up Guyana projects to peak production is significantly less than neighboring Brazil, according to S&P Global Commodity Insights.  There are only two floating production, storage and offloading (FPSO) vessels operating offshore Guyana, in the Stabroek Block...

SBM Offshore set to begin front end engineering design for Exxon’s 6th Guyana FPSO

Dutch floater specialist, SBM Offshore announced on Friday that it has been awarded contracts to perform front end engineering and design (FEED) for a floating production, storage and offloading vessel (FPSO) for ExxonMobil’s Whiptail development project in Guyana. Following FEED...

Builder of Guyana FPSOs hits major milestone with new energy solutions in France

SBM Offshore has hit a new milestone under its Engineering, Procurement, Construction, and Installation scope. The company announced on Thursday that it has successfully installed three floating wind units for the Provence Grand Large pilot project located 17 kilometers...

Higher oil exports in H1 2023 owed to Liza Unity start-up

Guyana reported a significant boost in its crude oil export earnings, reaching US$5.39 billion for the first half of 2023, marking a substantial increase of US$1.78 billion compared to the prior year.  The surge in earnings was driven by a...

MODEC FPSO hits first oil in Brazil on one of the longest charter contracts in company’s history

MODEC, Inc. announced a significant milestone in its ongoing partnership with Petróleo Brasileiro S.A. (Petrobras) as the FPSO Anita Garibaldi MV33 successfully achieved first oil production on August 16, 2023. The vessel, now operational at the Marlim field in...

Dutch company’s innovative composite pipe installed at ExxonMobil’s Liza Field

Strohm, a composite pipe company, has successfully installed its first deepwater/high-pressure thermoplastic composite pipe (TCP) jumper in the Stabroek Block offshore Guyana. The installation marks the adoption of Strohm's innovative "Jumper on Demand" approach and its effectiveness in enhancing...

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The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery....