New wells drilled in South America in 2014 contributed to 8% of new wells globally in the offshore sector and 4% in the onshore. And according to Norway-based Rystad Energy, activity has been on a downward trend since then,...

SBM Offshore’s order book hiked to a record-breaking US$31.1 billion when it secured the contract to construct the massive ‘One Guyana’ floater for ExxonMobil’s Yellowtail development. This much was told to shareholders by SBM Offshore’s Chief Executive Officer (CEO) Bruno...

Hess Vice President for Guyana and Suriname, Timothy Chisholm, said the Gas-to-Energy project would not only power industry and economic growth in Guyana but would help provide a reliable and cleaner source of energy to help meet rapidly growing...

TechnipFMC said Monday it was awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the Gas-to-Energy Project in Guyana. The company said ‘significant’ refers to agreements valued between US$75 million and US$200 million. The funds...

By the end of 2022, ExxonMobil and its Stabroek Block partners are expected to make the final investment decision (FID) on Guyana’s transformational gas-to-energy project. President of ExxonMobil Guyana, Alistair Routledge, related this to Senior Contributor to Forbes, David...

Guyana has delivered around 11 billion barrels of oil equivalent since 2015, the largest offshore oil discovery in the past decade, with the potential to replace at least 17 percent of the gas supply lost to Europe due to...

Guyana’s transformational Gas-to-Energy project is quickly advancing. ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has awarded a substantial contract to Subsea 7 and Dutch maritime contracting company, Van Oord, for the construction of the offshore pipeline and accompanying...

As the second quarter of 2022 drew to a close, oilfield services company Schlumberger netted US$6.7 billion in profits, up 14% sequentially and 20% year-on-year. “This represented the strongest sequential quarterly growth since 2010,” said Schlumberger’s Vice President and Chief...

ExxonMobil Guyana’s Production Manager, Mike Ryan, announced full production capacity has been reached at both Liza projects offshore Guyana. Exxon was able to safely install a new gas compressor aboard the Liza Destiny floating production, storage, and offloading (FPSO) vessel...

ExxonMobil now has a total of 33 oil and gas discoveries in Guyana’s massive Stabroek Block with the latest made at the Seabob and Kiru-Kiru wells, according to the government of Guyana. This, according to Guyana’s Minister of Natural...