Guyana’s Natural Resource Fund (NRF) closed April 2024 with a market value of US$2.634 billion (GY$549 billion), nearly equivalent to half of the country’s US$5.496 billion (GY$1.146 trillion) national budget this year.
Annual revenues to the government from oil production...
ExxonMobil Guyana is forging ahead with its Stabroek Block drilling program with two appraisal wells being targeted at the Haimara gas field, discovered five years ago.
This is according to a document published in Guyana’s Official Gazette.
The program includes the...
Consultancy Group, Wood Mackenzie puts Suriname’s oil resource count at more than 2.4 billion barrels and its natural gas resources at 12.5 trillion cubic feet (tcf).
Based on WoodMac’s numbers, assuming one trillion cubic feet of gas equals 176 million...
Seatrium Limited said it was awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of the Jaguar floating production, storage and offloading (FPSO) vessel destined for Guyana.
Seatrium’s scope of work...
ExxonMobil Guyana has increased its estimate of reserves in its Stabroek Block development projects by 600 million barrels on top of the estimates announced when the projects were sanctioned.
“We review the reserves of each project each year and make...
ExxonMobil is expected to accumulate approximately 516 million barrels of oil production offshore Guyana since first oil in December 2019. The US oil major has already produced more than 370 million barrels so far, according to production data published...
Japanese shipbuilder MODEC will hold a Vendor Engagement Forum on May 14, 2024. The company will engage with Guyanese suppliers at the Centre for Local Business Development (CLBD) office in Georgetown. The forum will include information-sharing about MODEC’s procurement...
SBM Offshore is seeking to hire Guyanese fabricators once again to support the construction of a floating production, storage and offloading (FPSO) vessel for another ExxonMobil development at the Stabroek Block.
Guyana Deep Water Operations Incorporated, an affiliate of SBM...
Guyana's Vice President Bharrat Jagdeo has addressed concerns regarding the increase in oil production rates offshore Guyana, emphasizing that the Environmental Protection Agency (EPA) has affirmed the safety of these optimization efforts.
Jagdeo noted concerns about the safety of producing...
Øivind Tangen, Chief Executive Officer of SBM Offshore said that the company’s latest award for the Jaguar floating production, storage and offloading (FPSO) vessel is its first to be based on a sale-and-operate model.
Jaguar is its fifth for ExxonMobil...
