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July-August period for Liza projects shutdown – Exxon 

ExxonMobil’s scheduled shutdown of the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels to facilitate the Gas-to-Energy project pipeline hookup will occur sometime in July-August.  Country President, Alistair Routledge disclosed same at an April 30 press...

Petrobras production hiked 3.7% in Q1 

Petrobras' average production of oil, natural gas liquids (NGL) and natural gas in the first quarter of 2024 reached 2.7 million barrels of oil equivalent per day (boe/d), an increase of 3.7% compared to Q1 2023.  Petrobras said the increase...

‘The devil is in the details’ – petroleum geologist says of CGX’s Guyana discovery

Editor-in-Chief at GEO ExPro, Henk Kombrink, questioned why companies would announce a discovery when the actual proof is not there, following a March 18 release from Vancouver-based explorer MCF Energy that announced a “significant gas discovery” at its Welchau-1...

‘Excellence in project execution, operation’ saw Payara reaching nameplate capacity ahead of schedule – Exxon

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,...

Vallourec gets fourth order from ExxonMobil Guyana for Whiptail project

Vallourec said it got a fourth major order in the framework of a 10-year Long-Term Agreement (LTA) it signed in 2021 with ExxonMobil Guyana. Under the contract, Vallourec will deliver line pipe for the Whiptail project.  Vallourec will deliver over...

H2SITE’s AMMONIA to H2POWER Technology Receives Approval in Principle From Lloyd’s Register

H2SITE’s AMMONIA to H2POWER technology for ammonia cracking on-board has received Approval in Principle (AiP) from Lloyd’s Register (LR). The technology is an onboard containerised solution that produces fuel-cell-quality hydrogen using ammonia. This hydrogen can then be utilised by hydrogen...

Kosmos Energy Announces Successful Reserve-based Lending Facility Re-financing

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully re-financed its reserve-based lending (“RBL”) facility extending the maturity by approximately three years, with the RBL facility’s final maturity now in December 2029. In conjunction...

ExxonMobil Guyana seeks providers for platform and fast supply vessels

ExxonMobil Guyana announced plans to establish enabling agreements for the provision and operation of platform supply vessels (PSV) and fast supply vessels (FSV) in Guyana waters. The company’s Request for Information (RFI) indicates the vessels need to be delivered by...

CNOOC sees production boost in China, Canada and Guyana in first quarter

China’s CNOOC reported a total net production of 180.1 million barrels of oil equivalent (boe) in the first quarter of 2024. It said the year-on-year (YoY) increase of 9.9% was driven by output in China, Canada and Guyana.  Its net...

Guyana will be one of the most successful deepwater developments in history – Exxon CEO

ExxonMobil’s Chief Executive Officer (CEO) and Chairman of the Board, Darren Woods, hailed Guyana’s oil story as one that will be well remembered in the history of the oil and gas sector. “I believe Guyana will go down as...

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Guyana and Suriname: Two paths from offshore discovery to first oil

Two major offshore oil stories have unfolded on opposite sides of the Guyana-Suriname Basin, but the distance between discovery...