Norway-based energy research and business intelligence company, Rystad Energy, expects there to be five new awards for floating production, storage and offloading (FPSO) vessels over the next five years for Guyana.  This was stated in a January 2024 whitepaper South...

Eco Atlantic Oil & Gas' Chief Executive Officer (CEO) Gil Holzman says its future partner in the Orinduik Block offshore Guyana could secure as much as 75% stake in the acreage.  Eco is the sole owner of the block but...

MAN Energy Solutions said it was commissioned by MODEC to deliver eleven RB-type compressor trains for a Brazil-bound floating production, storage and offloading (FPSO) vessel.  Offshore Frontier Solutions Pte. Ltd. a MODEC Group company, was started in partnership with Toyo...

Data from Guyana’s Ministry of Natural Resources indicates that in the month of February, ExxonMobil’s Liza 1 and 2 developments demonstrated the steadiest output at their respective peak ranges since production began. Payara was also stable with just a...

CNOOC Limited announced a major oil field discovery at the Qinhuangdao 27-3 in Bohai Sea, adding over a hundred million tons of oil equivalent proved in-place volume, in a March 18 update. Qinhuangdao 27-3 is located in the north-central waters...

Oceaneering International recently made an advancement in subsea geotechnical surveying by placing an order with UK-based Feritech Global for an auto-drop piston corer. It said the next-generation equipment is anticipated to revolutionize the process of extracting sediment samples from...

ExxonMobil Guyana said it made a discovery at the Bluefin well in the Stabroek Block offshore Guyana, its first this year. The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by the Stena Drillmax...

To bolster the competitiveness of Guyana's burgeoning economy, strategic investments in infrastructure and targeted training initiatives are pivotal determinants. This is according to ExxonMobil Guyana President, Alistair Routledge. Exxon is the operator of Guyana’s Stabroek Block.  In his presentation at...

CGX is preparing to finally initiate cargo operations at the Berbice Deep Water Port (BDWP), with a targeted start in the second quarter of 2024, the company said in recent financial statements.  This follows multiple delays of work on the...

TotalEnergies and QatarEnergy have inked an agreement to acquire participating interests in Block 3B/4B, offshore South Africa. This move sees the partners taking over stakes from Africa Oil South Africa, Azinam (a subsidiary of Eco Atlantic Oil and Gas),...