South American neighbours Guyana and Brazil are the driving force behind 30% of global subsea tree installations all the way up to 2030, according to Rystad Energy projections.
The Norway-based firmt said investments in offshore services are expected to balloon...
Development drilling activities in the Stabroek Block have increased as operator ExxonMobil Guyana gears up to commission the Prosperity floating production, storage, and offloading (FPSO) vessel.
According to the Maritime Administration Department (MARAD), the PY_1i2 Well Site is located approximately...
Saipem has secured two significant offshore drilling contracts worth a combined total of approximately US$550 million. These contracts were awarded in the Middle East and the Mediterranean Sea.
In the Middle East, Saipem has obtained a ten-year extension to an...
Hess Corporation’s Chief Executive Officer (CEO), John Hess has confirmed that extensive appraisal work is being undertaken to properly develop the Fangtooth field as the seventh project for the Stabroek block partners.
During a recent conference, Hess said it is...
Guyana's Opposition Leader, Aubrey Norton on Monday expressed disappointment with the newly released Petroleum Activities Bill, stating that it fails to incorporate the lessons learned from challenges faced by the country's oil and gas industry in recent years. The...
Hess Corporation, together with the Government of Guyana, earned the annual Energy Transition Initiative Award from the Association of International Energy Negotiators (AIEN) for leadership in creating a sustainable energy future.
The award presentation described a landmark Carbon Credits Purchase...
ExxonMobil’s Liza projects produced 11.6 million barrels of crude in May, at 374,450 barrels per day (bpd). This was constituted by production of 4.8 million barrels at Liza Phase 1, and 4.8 million barrels at Phase 2.
May output also...
Chief Executive Officer of Hess Corporation, John Hess, said Friday that he was assured by Guyana President Dr. Mohamed Irfaan Ali of the strength of Guyana’s case in the appeal of an upset High Court judgment on financial assurance...
Guyana’s Appellate Court will soon decide whether Attorney General (AG) Anil Nandlall will be allowed the join legal proceedings concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of an oil spill.
The parties appeared...
The new draft Petroleum Activities Bill released this week by Guyana’s Ministry of Natural Resources contains stringent measures which seek to block government officials and their family members from owning a petroleum license.
Under ‘Prohibition against holding a licence’ the...
