After the pandemic decimated the oil and gas industry in 2020, this year is being seen as one of rebound with oil prices rallying and investments picking up across various projects globally, chief among them being South America’s hottest...
With oil production only commencing less than two years ago, Guyana’s fledgling oil sector has brought in over GY$440 billion; or GY$57 billion more than the 2021 budget. This is according to data from the Central Bank, Stabroek Block...
UK-based multinational oil and gas exploration company Tullow Oil is calling it a day in Suriname. Drilling operations at the Goliathberg-Voltzberg North (GVN) exploration well at Block 47 failed to deliver commercial crude earlier this year after reaching total...
French-American conglomerate, TechnipFMC has been awarded a large contract by ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), to supply the subsea production system for the Stabroek block's US$9 billion Yellowtail Development Project.
For TechnipFMC, a “large” contract is between...
Stabroek Block co-venturer, Hess Corporation, disclosed yesterday that it has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 12th consecutive year. In fact, the company pointed out that it is one of only three...
Stabroek Block co-venturer, Hess Corporation, disclosed yesterday that it has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 12th consecutive year. In fact, the company pointed out that it is one of only three...
As it awaits the requisite regulatory approvals, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has assured that it has and will continue to invest in upskilling locals to support its Stabroek Block projects worth over US$27B.
As part...
Saipem has been awarded two new offshore contracts for transportation and installation activities (T&I) for a total amount of over 600 million USD.
The first contract was awarded by Chevron Australia Pty Ltd for the Jansz-lo Compression Project, the gas...
Dutch floater specialist SBM Offshore said Thursday it has been able to arrange, year to date, US$4.1 billion project related financings to fund a record-breaking order book, demonstrating the financial strength of the company and the confidence which its...
Peru has signed the Paris Agreement and committed to develop policies to increase the share of renewable energy sources from current 5.5% to at least 20% by 2040. However, the country needs significant capital investments to ramp up its...
