ExxonMobil is gradually increasing production offshore Guyana reaching an average of 660,000 barrels per day (b/d). Liza 1 and 2 averaged approximately 160,000 b/d and 251,000 b/d, while Payara averaged 249,000 b/d.
These production levels resulted in output of nearly...
Baker Hughes reported stronger-than-expected third-quarter profits, boosted by sustained international demand for its drilling equipment and oilfield technology. The company’s adjusted profit reached US$67 per share, surpassing Wall Street’s forecast of US$61.
Chief Executive Officer Lorenzo Simonelli expressed optimism, stating,...
Guyana is set to witness the startup of its fourth oil development, Yellowtail—one of the largest investments ever made in the country. Priced at US$10 billion, this project is spearheaded by ExxonMobil and its Stabroek Block partners Hess and...
Oil production offshore Guyana has soared from an initial 120,000 barrels per day (b/d) with the Liza 1 development to more than 600,000 b/d, as additional projects come online and equipment on the oil production vessels are optimized to...
South American neighbours Guyana and Suriname are emerging as key regional players in the oil and gas industry with growing discoveries off their coasts and multiple projects on the horizon. Three are already in production on the Guyana side...
MODEC Guyana Inc. is seeking qualified suppliers to provide annual recertification and maintenance services for a critical safety component known as the frog basket, used on floating production storage and offloading (FPSO) units.
A frog basket is a personnel transfer...
Dutch floater specialist SBM Offshore is currently operating three oil production vessels offshore Guyana. The company’s Fast4Ward® program, built on an innovative “design one, build many” concept, has been a key driver behind ExxonMobil's unprecedented project expansion and execution...
LNDCH4 Guyana announced the arrival of two advanced gas turbines from Sweden, marking an important step in Guyana’s Gas-to-Energy project. The turbines will be installed at the project’s site in Wales, West Demerara. They will form the core of...
With nearly five years of oil production so far, Guyana has received more than US$5 billion in revenue from oil sales and royalties. With this new injection of revenue, the government has already withdrawn nearly half of this amount...
Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, is inviting suppliers to provide technical and operational solutions for on-site natural gas sampling and Gas Chromatography (GC).
SBM Offshore on track to deliver ‘near zero emission’ FPSO to...
