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...

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...

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...

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 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...

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...

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 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...