Development drilling is progressing at the Yellowtail well site in the Stabroek Block offshore Guyana, according to a notice from the country’s Maritime Administration (MARAD).  A March 28 notice said that “Esso Exploration & Production Guyana Ltd (EEPGL) will continue...

Gloabl flaring has shrunk by three percent to 139 billion cubic metres (bcm) in 2022, according to recent data from the World Bank Global Gas Flaring Tracker Report.  In 2021, the number stood at 144 bcm.  Gas flaring, the burning of...

More locals than ever before have been engaged to build fixtures for Guyana’s newest floating production, storage and offloading (FPSO) vessel, ONE GUYANA. A steel strike ceremony was held at Industrial Steel Fabricators (InFab) Good Hope facility, on the...

Norway’s state energy company, Equinor, said it has awarded contracts for the use of the Transocean Encourage to be used mainly in the Norwegian Sea, and the Transocean Enabler for the Johan Castberg field. The planned drilling spans multiple...

The global offshore industry is firing on all cylinders with the floating, production, storage and offloading (FPSO) vessel market set for close to 50 awards this decade, according to Norway’s Rystad Energy.  Brazil and South America’s rising oil star, Guyana,...

ExxonMobil Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is seeking to conduct additional studies related to its petroleum operations offshore the South American country. The company is seeking to undertake multiple consultancies related to ‘Biodiversity Assessments and Environmental...

Petróleos Mexicanos (Pemex) submitted the Zama Unit Development Plan (UDP) to Mexico's National Commission of Hydrocarbons (CNH) for formal approval last Thursday. The project is expected to 180,000 barrels per day (b/d) to Mexico’s crude oil output.  An Integrated Project...

ExxonMobil’s fourth floating production, storage and offloading (FPSO) vessel - ONE GUYANA - has entered drydock at the Keppel Shipyard in Singapore, SBM Offshore announced on March 24.  “This marks a key milestone in the project, this phase will include...

By Riyad Insanally Last month, Trinidad and Tobago (T&T) Energy Minister Stuart Young proposed a Caribbean energy alliance involving Guyana, Suriname and, of course, his own country. In broad terms, he was offering T&T’s established capacity to process oil and...

Guyana's Ministry of Natural Resources (MNR) has responded to recent comments about the country's development, which it called an attempt to undermine the progress made to manage its rapidly growing economy.  It was University of the West Indies (UWI) lecturer...