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IOC’s leaving mature African basins for ‘frontiers like Namibia and Guyana’ – S&P

With majors moving to sell out Nigeria assets, there is a trend of international oil companies (IOCs) exiting mature African basins and shifting to ‘frontiers like Guyana and Namibia’, according to S&P Global Commodity Insights. Eni agreed to sell its...

Another first: ExxonMobil’s Liza Unity gets ABS remote control notation

The American Bureau of Shipping (ABS) has awarded the world’s first REMOTE-CON Notation to the Liza Unity floating production, storage and offloading (FPSO) vessel, it said in a May 7 release. Dutch floater specialist SBM Offshore delivered the vessel...

Guyana-Suriname Basin currently utilizes a third of Noble’s drillship fleet

Five of the 15 drillships in Noble’s fleet are currently under contract offshore Guyana and Suriname, in aid of exploration and development works in the basin.  A May 6 Fleet Status Report from Noble noted that four ships are in...

Seatrium gets job to integrate topsides for MODEC’s Errea Wittu FPSO

Seatrium Limited said it got a job to integrate the topsides for the Errea Wittu floating production, storage and offloading (FPSO) vessel. Offshore Frontier Solutions Pte. Ltd., a MODEC Group Company, issued the award. The contract scope of work covers...

Exxon targets increased production at Liza 2 and Payara

ExxonMobil Guyana President Alistair Routledge related plans to optimize production at two Stabroek Block projects (Liza 2 and Payara) with debottlenecking activities. During a recent press conference, the official said that planned production optimization activities for the Payara project will...

Chouest bolsters subsea capabilities with acquisition of ROVOP

The Chouest group has announced its acquisition of ROVOP, a provider of remotely operated vehicle (ROV) services. The move propels Chouest, in conjunction with its subsea service arm, C-Innovation, into control of a fleet comprising over 100 ROVs and...

ExxonMobil Guyana to release 2023 financials in a month – Routledge

ExxonMobil will release a report on the 2023 financial results of its Guyana affiliate in a month, its Guyana President Alistair Routledge said during an April 30 press conference.  They were initially expected in April. Phillip Rietema, ExxonMobil Guyana’s Chief Financial...

Exxon won’t recover investment in Guyana pipeline until first gas – Routledge

Guyana’s repayment for the US$1 billion invested in the Gas-to-Energy project does not start until it is commissioned. ExxonMobil Guyana President, Alistair Routledge, made this point during an April 30 press briefing. Reports in a section of the media had...

Capping stack now just weeks away from arriving in Guyana – Exxon 

The arrival of a capping stack in Guyana is imminent, ExxonMobil Guyana President, Alistair Routledge said. The government mandated that the company have one in-country in case of a large spill. “We did commit to purchasing one that will...

July-August period for Liza projects shutdown – Exxon 

ExxonMobil’s scheduled shutdown of the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels to facilitate the Gas-to-Energy project pipeline hookup will occur sometime in July-August.  Country President, Alistair Routledge disclosed same at an April 30 press...

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Berbice gas development pipeline could cost US$2B, ‘not a small investment’ – says ExxonMobil Guyana President

The pipeline to support Guyana’s gas development in East Berbice-Corentyne (Region Six) could cost about US$2 billion or more....