SBM Offshore’s Fast4Ward® concept is transforming the way offshore projects are developed.
“It really has changed the way we are doing projects in the industry,” said the company's Chief Executive Officer (CEO), Bruno Chabas, during the Naming Ceremony for the...
Guyana plans to hire a consultant this year to set the stage for the establishment of the government’s own petroleum data repository.
“We will have to determine first of all what data we need to store, the size of the...
By Dr. Riyad Insanally - OilNOW
Introduction
On January 24 last, the Kaieteur News (KN) reported that an erroneous map of Guyana was used by Rystad Energy, as part of a panel discussion at the recently held Trinidad and Tobago (T&T)...
Singapore, February 1, 2023: First Lady of Guyana, Arya Ali, says the name of the Prosperity floating production, storage and offloading (FPSO) vessel represents what is in store for the people of the new oil producing South American country....
Interest from investors in Guyana's upcoming bid round is expected to be favourable despite revised fiscal terms in the new Production-Sharing Agreement (PSA) that will see more revenue going to the South American country.
“I do not see those fiscal...
Guyana Minister of Natural Resources, Vickram Bharrat, said Tuesday that GY$100.7 million (approximately US$483,000) has been budgeted to review the Whiptail field development plan (FDP).
The government, he said, has received indication that the plan will be submitted in 2023.
The...
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...
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....
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...
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...
