ExxonMobil’s search for more crude is moving forward offshore Guyana, with campaigns ongoing at new prospects at the 6.6 million acres Stabroek Block.
The company is continuing exploration drilling operations at Seabob-1 and Kiru Kiru-1 utilising the Stena Carron and...
Pertamina, the state-owned energy company for Indonesia and oil major ExxonMobil have entered an agreement for a study to gauge the potential for the implementation of lower-emissions technologies, like carbon capture and hydrogen production, on a large scale.
The deal adds to Indonesia’s efforts to advance carbon capture and storage in...
While the Guyana government has outlined a series of comprehensive reforms it intends to take over the next decade in its Low Carbon Development Strategy (LCDS) 2030, it has determined that it is also important to ensure international oil companies (IOC)...
Non-OPEC countries are expected to produce 65.97 million barrels of oil per day (b/d) in 2022, a year-on-year rise of 2.4 million b/d compared with 2.7 million b/d forecast last month.
The oil cartel said the main drivers of supply...
Italian multinational oilfield services company, Saipem, recently launched its new sustainable technology for subsea pipelaying, touted as one that considerably reduces environmental impacts on the seabed.
The “Underwater Cold Bending” technology was unveiled during the Offshore Technology Conference (OTC) in Houston, the leading international events in the offshore energy...
IHS Markit, an industry-leading information services provider that merged this year with S&P Global, believes petroleum exploration success in Guyana has taken on a new dimension, particularly with the recent hydrocarbon discovery at the Kawa-1 well in the offshore...
Guyana’s Natural Resource Fund (NRF) balance increased by GY$4,427,198,000 in April, according to a report from the Central Bank of Guyana.
GY$4,390,903,000 (approximately US$21,059,487) in royalties were paid by Stabroek Block co-venturers in the month of April, and deposited into...
The Environmental Protection Agency (EPA) has instructed ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) to submit an Environmental Impact Assessment (EIA) for its next mammoth-sized oil project at the Stabroek block’s Uaru field.
The regulatory body noted that...
SBM Offshore said in a first quarter trading update that the hull for the ‘ONE GUYANA’ floating production, storage, and offloading (FPSO) vessel has already been delivered.
‘One Guyana’ will deliver biggest daily production for new oil nation
It is a...
As commercial discoveries continue to increase offshore Guyana, more projects will come online, generating an unprecedented inflow of revenue to the new oil producing South American country, which Norway-based Rystad Energy said could top US$130 billion.
“If all discoveries were...
