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Prosperity FPSO is 8th by water depth in SBM Offshore’s ultra-deepwater fleet

OilNOW -
Guyana’s newest Stabroek Block floating production, storage and offloading (FPSO) vessel - the Prosperity - is ranked eight by water depth in SBM Offshore’s ultra-deepwater fleet. In fact, at 1,900 metres, it will be moored at the deepest parts of...
News

Petrobras seeking to replicate Guyana’s exploration success offshore Brazil – Rystad energy

OilNOW -
Petrobras is looking to focus its exploration efforts on the potential of the equatorial margin later this decade, Rystad Energy said, with hopes to replicate the unprecedented success at Guyana’s Stabroek Block. The basins that Brazil’s state explorer is expected...
News

Noble made US$586 million from contract drilling services in Q4 2022

OilNOW -
Noble Corporation said its revenue from contract drilling services for the fourth quarter of 2022 totaled US$586 million compared to US$289 million in the third quarter. It said the increase is primarily attributable to the business combination with Maersk...
News

Exxon survey at Guyana’s main ship channel covered by EIA

OilNOW -
ExxonMobil Guyana has commenced geotechnical and geophysical surveying operations in the vicinity of the Demerara  main ship channel and off the West Coast of Demerara in the vicinity of Plantation Best. ExxonMobil Guyana’s Media Advisor, Kwesi Isles explained, “The surveys,...
News

Exxon’s 5th Guyana FPSO to be named ‘Errea Wittu’

OilNOW -
ExxonMobil Guyana has revealed ‘Errea Wittu’ is the name to be given to the floating production, storage, and offloading (FPSO) vessel intended for its fifth project, Uaru.   The name means ‘abundance’, said ExxonMobil Guyana Projects Environmental and Regulatory Advisor, Laurent...
News

Revving up for change: How Guyana and oil companies navigate a complex relationship in the new era

Kemol King -
The relationship between the Guyana government and the Stabroek Block co-venturers is yielding projects that will make Guyana the world’s largest per capita producer of oil. The arrangement is extremely rewarding for all parties. But Vice President Dr. Bharrat...
News

Guyana about to sign oil & gas MoU with India government

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo is preparing to sign a memorandum of understanding (MoU) with the government of India. According to Guyana’s Department of Public Information (DPI), the MoU is meant to foster cooperation in the oil and gas...
Opinions

Guyana: Waiting for ICJ Decision, but also Investing in Security; Part 1

OilNOW -
By Ivelaw Lloyd Griffith – OilNOW This is the first of a two-part series on the ongoing territorial-judicial saga between Guyana and Venezuela. Here, we provide some recent developments on Guyana’s oil exploration and production landscape, which have increased the...
News

What drives Guyana’s energy policy? Not the crazies, says Jagdeo

Kemol King -
There are lots of prominent voices contributing to discourse about the development of Guyana’s petroleum sector, some often extreme. But Vice President Dr. Bharrat Jagdeo wants the industry to know that extremity does not drive Guyana’s energy policy. “Our country...
News

Two-thirds of Guyana offshore development costs pumped into wells, subsea infrastructure – Routledge

OilNOW -
ExxonMobil’s projects in Guyana’s Stabroek Block carry hefty prices. Its fifth – Uaru – carries the highest thus far: US$12.683 billion, since it will be the biggest offshore development, rivalling neighbouring Brazil. These projects require massive floating, production, storage and offloading...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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