MODEC unveiled its 2023 financial results, spotlighting a significant profit uplift due to the successful advancement of its engineering, procurement, construction, and installation (EPCI) projects, alongside enhanced asset integrity of its older Brazil floating production, storage and offloading (FPSO)...

President Irfaan Ali has articulated Guyana's plan to be a global leader in tackling the challenges of climate change, energy sustainability, and food security. The country is using the momentum from its oil-fueled development to expand its influence and...

Ocean services provider DeepOcean has clinched a contract from ExxonMobil Guyana, marking its foray into the South American country's market and its first major collaboration with Exxon in the Americas. The contract entails the provision of subsea construction and...

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...

Woodside Energy announced the February 10 arrival of the first floating production, storage and offloading (FPSO) vessel to Senegal’s waters. The Léopold Sédar Senghor FPSO will now be hooked up to the subsea infrastructure and 23 wells for a...

Annand Jagesar, Managing Director of Staatsolie confirmed that Petronas has commenced drilling in Suriname’s block 52.  “They are drilling the Fusaea oil exploration well. This will be followed by the Sloanea gas appraisal well,” Jagesar told OilNOW. Drilling activities are...

ExxonMobil Guyana is preparing to transition into its new headquarters, a US$160 million state-of-the-art facility located at Ogle, East Coast Demerara, in 2024.  During a press conference on February 9, ExxonMobil Guyana President Alistair Routledge said there is “a lot...

Although ExxonMobil has said it is targeting 1.2 million barrels of oil per day (bpd) by 2027 at the Stabroek Block offshore Guyana, this output could actually edge closer to 1.5 million bpd based on current trends, and projections...

ExxonMobil will be taking the Liza field offline to hook up the pipeline for Guyana’s Gas-to-Energy (GtE) project in the latter half of the year, but this is only expected to last weeks.  “I would say it's going to be...

ExxonMobil, Hess, and CNOOC will publish financial reports of the 2023 earnings of their Guyana affiliates in the second quarter of 2024, said ExxonMobil Guyana President Alistair Routledge during a Feb. 7 press conference.  He was asked to provide a...