A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction.
Norway-based energy research and...
ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from SBM Offshore.
The Dutch FPSO-builder announced the completion of the transaction, in a November 7 release, ahead of the maximum lease...
Noble Corporation's Chief Financial Officer Richard Barker discussed the significant influence of its long-term commitments in Guyana and Norway on the company’s backlog profile during their Q3 earnings call this week. Noble’s total backlog stands at US$4.7 billion, a...
Energy data analytics provider Wood Mackenzie said Guyana and Suriname can supply up to 12 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) by the next decade.
This output would account for approximately 11% of the anticipated...
Like the economy’s developmental trajectory, the Real Estate sector in Guyana has outpaced expectations since the discovery of oil & gas resources in 2015. This momentous find led to a rise in Real Estate prices due to the influx...
Baker Hughes has been awarded significant contracts by Petrobras to supply 77 kilometers of flexible pipe systems for Brazil’s pre-salt fields. The agreements, signed on October 15, 2024, followed an open tender and cover risers, flowlines, and services across...
ExxonMobil’s Chief Financial Officer, Kathy Mikells reported a 60% year-on-year increase in crude oil production offshore Guyana, during the third-quarter earnings call.
This growth contributed to an overall production rate across the company, of 4.6 million oil-equivalent barrels per day—its...
The Noble Don Taylor is continuing developmental drilling at the Whiptail well site at Guyana’s Stabroek Block. Drilling operations began on October 23, according to a notice from the Maritime Administration Department (MARAD) and will conclude by November 30.
The...
Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported net income of US$498 million, or US$1.62 per share, with adjusted earnings up to US$660 million, largely due to heightened...
CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output from projects like the Payara development in Guyana.
CNOOC’s total net production in the first three quarters reached 542.1 million barrels...
