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Guyana gov’t to plug US$121 million more into Gas-to-Energy project

The Guyana government approached the Parliament on November 25 for more money to continue the development of the Gas-to-Energy project, a landmark energy expansion endeavor.  Senior Minister in the Office of the President with responsibility for Finance and the Public...

Exxon seeks market data for vessel providers in Guyana

ExxonMobil Guyana Limited (EMGL) has launched a Request for Information (RFI) to identify qualified providers of Platform Support Vessels (PSVs), Fast Support Vessels (FSVs), and Tugs for operations in Guyana. This initiative aims to establish enabling agreements for short-term...

Ministry of Labour conducts OSH inspection on Liza Unity FPSO

Guyana’s Ministry of Labour's Occupational Safety and Health (OSH) Department conducted a detailed inspection aboard the Liza Unity floating, production storage and offloading vessel last week.  The exercise assessed compliance with Guyana's OSH Act 99:06, International Safety Standards, and National...

Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply in the market.  The South American government recently reiterated its no interest in an offer from India to buy its crude...

From first oil to expert aspirations: The journey of Yashawantie Pancham

The Prosperity FPSO has completed one year of oil production operations at Guyana's Stabroek Block. To mark the milestone, OilNOW highlights the contribution of Guyanese, Yashawantie Jennifer Pancham, who had the opportunity to test the first oil from the...

SBM Offshore completes US$1.5 billion financing for its latest Guyana-bound FPSO

Dutch shipbuilder SBM Offshore said it completed the US$1.5 billion project financing of the Jaguar floating production, storage and offloading (FPSO) vessel. ExxonMobil hired SBM Offshore to deliver the Jaguar for its Whiptail project for the Stabroek Block, offshore...

Exxon to host virtual feedback session for Guyana vendors

ExxonMobil Guyana Limited (EMGL) is organizing a Contracting Activity Feedback Session for vendors on Thursday, December 12, 2024.  ExxonMobil initiates search for telecom cabling services in Guyana | OilNOW  The company indicated that the virtual meeting would run from 9:00 a.m....

Guyana government’s 2024 receipts from oil production exceed US$2 billion

Guyana’s Natural Resource Fund (NRF) received more than US$2 billion in revenue projected this year and is set to receive several hundred million more by year-end.  The Fund received US$151.4 million in oil sales revenue in October, representing payments for...

SBM Offshore expects US$1.9 billion in EBITDA this year, driven by Guyana FPSO sales

SBM Offshore has updated its 2024 guidance for earnings before interest, taxes, depreciation and amortization (EBITDA)to US$1.9 billion, representing a 46% increase from the previous US$1.3 billion projection.  This significant boost is primarily attributed to the completion of the US$1.23...

Guyana oil production hits half-billion-barrel mark

ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output was derived from three Stabroek Block projects—Liza 1, Liza 2, and Payara—in less than five years. Exxon said the three...

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Guyana share of oil revenues to increase as Exxon pays down cost faster with US$100 per barrel crude  

Guyana is set to receive a bigger share of revenue from oil production as higher prices accelerate the pace...