Showing results for:

Expect acceleration of gas-led activity in 2023 – Wood Mackenzie

Come 2023, Consultancy Group Wood Mackenzie expects there to be a significant acceleration of global gas-led activity. In its latest ‘5 THINGS TO LOOK FOR IN 2023’ report, WoodMac anticipates a rapid or modular monetisation of gas assets. It...

Saipem seeking local welders for Guyana operations

Italian contractor Saipem is looking for local welders to assist with its operations offshore Guyana. According to a notice posted by Country Manager, Gianluigi Della Rosa to LinkedIn, the selected welders must be able to operate an electrode holder, welding...

Guyana goes after reforms to modernise oil sector

In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and future contracts. In just two years, the government has embarked on a number of legislative and...

Project to develop up to 76 wells will push Guyana’s output above 1 million bpd milestone

ExxonMobil Guyana is seeking Environmental Authorisation for a proposed fifth deep water petroleum development project in the eastern portion of the Stabroek Block offshore the South American country, in the Uaru, Mako and Snoek Fields. The project, which will consist...

Hess ranks high on two Dow Jones Sustainability Indices

US oil producer, Hess Corporation, has announced that it has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 13th consecutive year. This is the first time that Hess has been included in...

Italian company clinches US$1.2 billion in contracts for Guyana, Egypt projects

Italian multinational oilfield services company Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately 1.2 billion USD. The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the Uaru oil...

SBM Offshore continues Guyana student outreach with Industrial Training Centre visit

SBM Offshore is continuing its school outreach programme, this time, visiting the Guyana Industrial Training Centre in Georgetown. The company engaged with part-time and full-time students of the Guyana Industrial Training Center (GITC) to apprise them of its role in Guyana and the career choices...

Exxon aiming for jackpot at Tarpon-1 offshore Guyana

ExxonMobil is ramping up its exploration activities offshore Guyana, targeting a new prospect at the 6.6 million acres Stabroek Block. Guyana’s Maritime Administration Department (MARAD) said in a notice that the company Guyana will be engaged in exploration drilling operations...

Guyana awards US$6.6M wreck removal contract as marine traffic increases

Dutch firm Koole BV has been awarded a GY$1.38 billion (US$6.6 million) contract to remove 17 hazardous wrecks from Guyana’s waterways as marine activities surge. The company specialises in industrial demolition, remediation, wreck removal, and marine construction. This is its...

Normand Installer in dry dock prep for upcoming SBM Offshore Guyana campaign

SBM Offshore’s multi-purpose deepwater construction vessel – the Normand Installer is gearing up for a new campaign in 2023 in Guyana’s Stabroek Block. According to reports, the Normand Installer has been placed into dry dock at Frederikshavn, Denmark. Built in 2006,...

Latest News

SBM Offshore gets front-end engineering contract for ExxonMobil’s Longtail FPSO

ExxonMobil Guyana awarded contracts to SBM Offshore to perform front end engineering and design (FEED) studies for the Longtail...