The topsides lifting campaign for the Liza Unity FPSO was completed in March 2021 with over 26,000 tons of topsides lifted in position since the vessel came out of dry-dock in October of last year. Both Keppel and Dyna-Mac...
ExxonMobil boasts a bellwether status in the energy space and an optimal integrated capital structure that has historically produced industry-leading returns, says investment research firm Zacks in an analysis published on Nasdaq this week.
“Management's track record of capex discipline...
Annand Jagesar, Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname, is encouraging Guyana to pursue basin opportunity upgrades by way of independent surveys that would provide authorities with a better understanding of the prospective resources of offshore...
The rapid increase in oil production offshore Guyana will perhaps be coming at one of the most opportune times in the boom-and-bust cycle of the industry as more experts agree that a major supply crunch is on its way...
ExxonMobil is continuing developmental operations at the Payara field located at the Stabroek Block offshore Guyana.
Current operations are incorporating the use of the PSV Skandi Rona at an area situated approximately 112 nautical miles (207.42 kilometers) off the coast...
An S&P Global Platts Analysis
Indian refiners have been snapping up maiden import deals for newer crudes such as Guyana's Liza and Brazil's Tupi in a sign that one of Asia's fastest-growing oil consumers is increasingly looking to diversify its...
Future deepwater oil fields will enjoy twice the average estimated ultimate recovery (EUR) of fields already onstream and Guyana and Brazil are at the top of the list, according to consultancy group, Wood Mackenzie.
In a new report, WoodMac said...
Recent exploratory success offshore Suriname, where four discoveries have been made in Block 58 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The data and analytics company noted...
Guyana’s most recent sale of 1 million barrels of Liza crude to Indian Oil Corporation Ltd. (IOC) is the country’s “sweetest deal to date” since it is poised to bring in as much as US$76M says Natural Resources Minister,...
Global oil and gas companies are increasingly narrowing their exploration and production activities to fewer regions and plays to make sure they are invested in the most profitable barrels when oil demand starts to decline later this decade, Rystad...
