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Regulator designates anchor-free zone around Exxon’s undersea gas pipeline 

OilNOW -
Guyana’s Maritime Administration Department (MARAD) has designated a 500-meter buffer zone around an offshore pipeline installed by ExxonMobil Guyana, warning mariners that the area is an anchor-free zone and urging extreme caution when navigating nearby. The regulator said the pipeline...
Stories Beyond the Barrel

From sugar estate to offshore drilling; here’s Stephen Moonasar’s journey

OilNOW -
Stephen Moonasar’s career path took an unexpected turn—from the sugar estates of Guyana to a drill ship nearly 200 kilometers offshore. His story is a testament to how skills training and opportunity can transform lives. “I was born in the...
News

MODEC Guyana to publish RFIs for key offshore services

OilNOW -
MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next six months.  The list includes industrial gas services, fire pump performance tests, oil and gas laboratory analysis, and transformers, all set...
News

Guyana’s gas development has a complex road ahead

OilNOW -
With over 17 trillion cubic feet of natural gas—and counting—discovered in Guyana’s Stabroek Block, the government is now focusing on its development. However, the process is a bit more complex than oil production. With ExxonMobil’s experience, the government’s goal...
News

Shearwater GeoServices to conduct 4D survey offshore Guyana for ExxonMobil

OilNOW -
ExxonMobil has awarded Norwegian seismic company Shearwater GeoServices a contract to conduct a six-month 4D ocean bottom node survey offshore Guyana. The survey, set to begin in the first half of 2025, will use Shearwater’s seismic vessel as a...
News

Suppliers scope out potential opportunities at SBM Offshore’s Let’s Talk Local Content Forum 

OilNOW -
Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as the company outlined potential opportunities at its Let’s Talk Local Content Forum.  The event capped a week of oil and gas...
News

Saipem and Subsea7 announce merger to form global offshore powerhouse

OilNOW -
Saipem and Subsea7 have signed a memorandum of understanding (MoU) for a potential merger, aiming to create a dominant player in the subsea and offshore engineering and construction (E&C) sector. The new entity, Saipem7, would have a combined backlog of...
News

Five wells, two surveys for Suriname’s offshore basin

OilNOW -
Five offshore exploration wells and two geological surveys are planned for Suriname in 2025, Staatsolie confirmed. Operators TotalEnergies, PETRONAS, Shell, Chevron, and QatarEnergy will drill across multiple blocks. In Block 58, TotalEnergies and APA Corporation continue development after their final...
News

SBM Offshore reports record US$1.9 billion earnings in 2024

OilNOW -
SBM Offshore reported a record directional EBITDA (earnings before interest, taxes, depreciation, amortization) of US$1.9 billion for 2024, a 44% increase from the previous year. The earnings were driven in part by ExxonMobil’s purchases of the Prosperity and Liza Destiny...
News

Brazil’s first FPSO unit with Sustainability-1 Notation starts production – SBM Offshore

OilNOW -
SBM Offshore said the Almirante Tamandaré is formally on hire as of February 16. The floating production, storage and offloading (FPSO) vessel is the first in Brazil to have the Sustainability-1 Notation from Bureau Veritas. The Notation recognizes the Company’s...
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Latest News

NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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