In a filing with the U.S. Securities and Exchange Commission, Hess Corporation said 375 billion cubic feet of natural gas is estimated to be subject to sales commitments under the Gas-to-Energy project in Guyana.
The Guyana government will utilize the...
The Stena DrillMAX is sailing across the Atlantic, on its way to Newfoundland to assist with an ExxonMobil-led campaign.
The vessel will be used to drill the Persephone wildcat well of Exploration License (EL) 1169. The license area lies in...
Schlumberger Limited (SLB) said it introduced groundbreaking technologies in Guyana, setting a new standard for performance in offshore operations for ExxonMobil, in the Stabroek Block.
In an open-water-work campaign consisting of 13 wells, SLB said advanced tools revolutionized the drilling...
SLB, a leading oilfield services company, has announced its first-quarter 2024 results, showing “robust” revenue growth and strategic plans to return US$7 billion to shareholders over the next two years.
Commenting, SLB Chief Executive Officer Olivier Le Peuch remarked, “We...
Guyana’s Stabroek Block jumped 38% in overall oil production in the first quarter of 2024, compared to the prior quarter.
In the fourth quarter of 2023, the three ExxonMobil-operated projects (Liza 1, 2 and Payara) collectively delivered 40.3 million barrels...
SBM Offshore said it has secured a US$250 million term loan facility to commence construction work on the Jaguar floating production, storage, and offloading (FPSO) vessel.
The tenor of the bridge loan is twelve months with an extension option for...
Dutch manufacturer Strohm has secured its third and largest ever contract for pipe supply, to be provided for ExxonMobil's 250,000 barrels per day Whiptail development project offshore Guyana.
Strohm will supply its TCP (thermoplastic composite pipe) “Jumper on Demand” for...
The International Monetary Fund’s (IMF) April 2024 World Economic Outlook report revealed Guyana to be the only country in the Western Hemisphere that is forecasted to experience double-digit economic growth in 2024.
Themed ‘Steady But Slow: Resilience Amid Divergence’, the...
ExxonMobil’s newly approved Whiptail project is expected to produce oil from reservoirs shared between the Whiptail license area and those of two other Stabroek Block projects (Yellowtail and Uaru).
According to the Whiptail production license, Exxon notified the government that...
TechnipFMC has been awarded a large contract in Guyana’s Stabroek Block by ExxonMobil Guyana to supply subsea production systems for the Whiptail project. The contract value is between US$500 million and US$1 billion.
This follows the greenlighting of the project...
