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...

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...

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...

In an update on its new build activities, Dutch contractor SBM Offshore said it remains on track to deliver its floating production, storage and offloading (FPSO) vessels by agreed-upon deadlines. This is in spite of setbacks from the COVID-19 pandemic...

Technology is a major facet in oil and gas development and remains an integral part of ExxonMobil’s deepwater operations in Guyana’s offshore Stabroek Block. Liam Mallon, President, ExxonMobil Upstream Company attested to this during an exclusive interview with OilNOW. “…at the...

ExxonMobil's projects offshore Guyana are guided by environmental impact assessments (EIA) which consider the potential impacts of oil production beyond the design capacity.  These EIAs form part of the pool of documents which are reviewed and approved by regulators, before...

DOF Subsea Brasil has secured a charter for its remotely operated vehicle (ROV) support vessel, Geoholm. DOF said that the 85.7-metre-long vessel and its ROV will be used for a 'major' subsea umbilical, riser, and flowline (SURF) project offshore Brazil.  The...

The first draft of Guyana’s new model Production Sharing Agreement (PSA) is expected to be finalised in the coming week, said Minister of Natural Resources, Vickram Bharrat. The government had touted a February date for its release but that is...

Guyana will owe ExxonMobil and its co-venturers US$1 billion for the cost of the pipeline and associated infrastructure that it has been charged with developing for the Gas-to-Energy project. And according to Vice President Dr. Bharrat Jagdeo, this project...

The reliability of the floating production, storage and offloading vessels (FPSOs) in the ExxonMobil-operated Stabroek Block, remains unmatched. So said its Upstream President Liam Mallon during an interview with OilNOW. “…these facilities are running as reliable or more reliable than...