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PROSPERITY UPDATES: Naming ceremony for Guyana’s third FPSO set for Wednesday

OilNOW -
The naming ceremony for Guyana’s third floating, floating, production, storage and offloading (FPSO) vessel – the Prosperity – is set for Wednesday Feb. 1 at the Keppel Shipyard in Singapore. First Lady of Guyana, Arya Ali, attended a reception hosted...
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Exxon posts record-breaking US$56 billion earnings for 2022

Shikema Dey -
With 2022 closed, ExxonMobil raked in a whopping US$55.7 billion in earnings for the full year, up from US$23.0 billion in 2021 – a US$32.7 billion increase, its Chief Executive Officer (CEO) Darren Woods reported to investors on Jan....
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PROSPERITY UPDATES: Guyana FPSO built with record sustainable design

OilNOW -
The Payara project, scheduled for startup in 2023, will utilise a floating production, storage and offloading (FPSO) vessel with a record sustainable design. ExxonMobil had said that its new Guyana FPSOs would be modeled off the sustainable design of the...
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Builder of Guyana FPSOs launches landmark competition for high school students

OilNOW -
SBM Offshore in collaboration with the Ministry of Education in Guyana recently launched the Guyana-Monaco Mousetrap Car Grand Prix Competition, an international contest held annually in the Principality of Monaco. The competition sees high school students using the Laws of...
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PROSPERITY UPDATES: Mega project could deliver Guyana’s first bilateral crude sales deal

OilNOW -
As the Prosperity floating production, storage and offloading (FPSO) vessel gears for start-up in Guyana’s Stabroek Block this year, it could see the country entering its first government-to-government oil deal. The Prosperity will be the third production vessel for Guyana...
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ON Energy about to dissolve, owes CGX US$3 million

OilNOW -
ON Energy Inc., a company registered in Guyana, is preparing to dissolve and owes its parent company CGX Energy Inc. US$3 million. But the company is now unable to pay its debts. ON had held a license for the Berbice block, onshore...
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PROSPERITY UPDATES: FPSO to set sail for Guyana in Q1 2023 – Hess

OilNOW -
The Prosperity floating production, storage, and offloading (FPSO) vessel is expected to set sail from the Keppel shipyard in Singapore in the first quarter of this year for Guyana where it will produce oil and gas for the next...
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Interest on Guyana oil fund inching close to GY$4 billion

OilNOW -
Guyana has deposited US$1.86 billion in royalties and profit oil payments to the Natural Resource Fund (NRF) raking in GY$3.67 billion in interest in the last three years. For 2022, the nation earned a whopping GY$3.65 billion (US$17.51 million) in...
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Exxon announces public meetings in Guyana to discuss Whiptail impact study

OilNOW -
ExxonMobil Guyana has announced 10 meetings it will chair along the Guyana coast to discuss its planned Whiptail Development Project with the public. The meetings, to be held from January 30 to February 7, are meant to solicit inputs...
News

Rystad Energy says TT conference did not use finalised map

OilNOW -
Norway based Rystad Energy said on Wednesday that a map used this week by the Trinidad and Tobago Energy Conference showing a portion of Guyana’s Stabroek Block in Venezuela’s waters was part of an ‘unfinished draft presentation’, and not...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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