Norway-based integrated marine geophysical company PGS has been awarded a significant 4D acquisition contract by ExxonMobil for work offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015.
A Titan class vessel is scheduled to...
The unprecedented series of oil strikes in the deepwater offshore Guyana are being described by a global consultancy firm as ‘pearls on a string’ that is now stretching all the way to its next-door neighbour Suriname where the government...
Eco (Atlantic) Oil & Gas Ltd. announced on Monday that it has closed a transaction with JHI Associates Inc. (JHI), a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10%...
President of Guyana, Dr. Mohamed Irfaan Ali recently held talks via telephone with the President of Ghana, Nana Addo Dankwa Akufo-Addo which saw both committing to advancing and deepening the agenda for cooperation between the two countries, including in...
ExxonMobil is aiming to submit the Field Development Plan (FDP) for its giant Yellowtail Development to authorities in Guyana by October of this year and will make a final investment decision on the 250,000 barrels per day project by...
Hess Corporation expects the global oil and gas industry to be around for as long as two decades. So said its Chief Executive Officer (CEO), John Hess during JP Morgan’s virtual Energy and Renewables Conference last week.
This is based...
SBM Offshore, a leading Dutch company specialising in the construction of floating production and mooring vessels or systems, on Friday announced that it has completed the project financing for the Prosperity floating production, storage and offloading (FPSO) vessel which...
Guyana offshore is set to get even busier in the coming months as preparations for Liza Phase 2 continue and preliminary activities for a third project at the Payara field get underway. This is in addition to an aggressive...
An oil supply shortfall is coming and with OPEC+ expected to provide just a fraction of the demand, barrels from producers outside of the alliance, such as Guyana, would be needed even more. Already, dated Brent has soared past...
By 2025, Guyana could be producing approximately 1.2 million barrels of oil per day (bpd) from five floating vessels in the Stabroek Block. Making this latest disclosure was Chief Executive Officer (CEO) of Hess Corporation, John Hess during his...
