Guyana's Ministry of Natural Resources has announced a request for proposals (RFP) from private companies for the design, finance, construction, and operation of essential gas infrastructure to support offshore developments in the South American nation. This initiative is part...
Stena Drilling recently announced on LinkedIn that the Stena Carron, a dynamically positioned, harsh environment, ultra-deepwater drillship, has departed Guyana for Las Palmas, Spain. The vessel will undergo a Special Periodic Survey (SPS) in Spain. The SPS is a...
ExxonMobil reported an achievement of record production from its projects in the Permian basin and Guyana during the second quarter of 2023. Surging beyond expectations, the company said its production levels witnessed a remarkable growth of over 20% compared...
The European market's evolving preference for crude oil, amidst changing global dynamics, has led to distinctions in the valuation of Guyana's crude exports, particularly between Liza, Unity Gold, and Payara crude. Felipe Perez, Head of Latin America Fuels and...
Jumbo Offshore has been awarded a contract by MODEC Guyana Inc. for the pre-installation of the mooring spread of the Errea Wittu floating production storage and offloading vessel (FPSO), which will be located offshore Guyana at ExxonMobil’s Uraru Development.
Errea...
Elson Low, an Economic Advisor in Guyana's main Opposition Party, says access to more information relating to the wells at the prolific Stabroek Block would help to better solidify the APNU+AFC coalition's position on the matter of ringfencing. ...
Wood Mackenzie's recent analysis revealed a shift in the oi and gas industry, characterized by a wave of consolidation, which it said is poised to persist through the energy transition phase.
In a Jan. 9...
Guyana’s third oil production vessel - Prosperity - has achieved background flare in a record 39 days, according to an announcement by ExxonMobil Guyana Limited (EMGL) on Wednesday.
EMGL said the accomplishment marks a significant milestone in the company’s commitment...
ExxonMobil says that growth in Guyana’s Stabroek Block and the Permian basin is expected to propel daily production to 3.8 million oil-equivalent barrels. By 2027, the company predicts daily production to hit 4.2 million oil-equivalent barrels. This is according to...
According to a recent article by S&P Global Commodity Insights, the upstream oil and gas activity in Mexico is anticipated to experience a slowdown in 2024. This situation has emerged as companies foresee limited new opportunities following the election...
