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Giant Yellowtail FPSO will produce up to 7.5 million barrels of oil per month during early stage of operations

The offshore developments in Guyana are growing both in number and capacity, with the fourth proposed project at Yellowtail being designed to utilize a giant floating production storage and offloading (FPSO) vessel capable of holding 2 million barrels of...

Proposed, sanctioned offshore developments to deliver over 800,000 bpd by 2025

Guyana has gone from having no known oil resources just 6 years ago to now holding over 9 billion barrels of oil equivalent. The small South American country is now well on its way to becoming one of Latin...

Yellowtail will be Guyana’s biggest offshore development to date with massive 250,000 bpd output – Project Summary

The Yellowtail development, Guyana’s fourth deepwater petroleum production project, is targeting 250,000 barrels of oil per day, the largest volumes yet for a single development offshore the South American country. According to documents submitted to the Environmental Protection Agency by...

Singapore shipbuilder capturing big contracts for South America floaters

Keppel Offshore & Marine has secured yet another contract for a South America-bound floater. The company announced on Monday that it was hired for the turnkey delivery of P-78, one of the largest Floating Production, Storage and Offloading (FPSO)...

Brazil offshore wells could quadruple to 19 this year

(S&P Global Platts) Brazil's National Petroleum Agency expects the number of exploration wells drilled off the country's coast to nearly quadruple in 2021 to 19 wells as oil companies ramp up activity and the coronavirus pandemic wanes, the regulator's...

Stena Drilling seeking contractors for food, cleaning supplies in Guyana

Stena Drilling, operator of the Stena Carron and Stena DrillMAX rigs on contract with ExxonMobil for operations offshore Guyana, is seeking contractors to supply a range of services from the second quarter of this year. “Food Services may be required...

More penetrations in Santonian could push Guyana oil resources even higher

In addition to Uaru-2, three other discoveries offshore Guyana – Liza Deep, Tripletail and Yellowtail – have had deeper penetrations into the Santonian. That deeper interval is found not only at the prolific Stabroek Block, but also extends east...

Exxon submits application for giant Yellowtail development in Guyana deepwater province

U.S. oil major ExxonMobil, operator at the prolific Stabroek Block offshore Guyana, has submitted an application to the Environmental Protection Agency (EPA) to undertake the Yellowtail Development. According to the EPA, the proposed project will be implemented in multiple stages...

Gas pipeline will accelerate Guyana’s clean energy transition, build massive industrial base – TT energy advisor

While the Guyana government forges ahead with plans to bring the US$900M gas-to-shore project on stream by 2024, there have been some expressed concerns about the implications such initiatives may have in delaying the country's full transition to renewables....

Guyanese recruitment firm expands services to Suriname as deepwater operations grow

Guyanese firm Strategic Recruitment Solutions Inc. (SRS) has expanded its professional network and services to Suriname. Effective May 4, 2021, SRS launched a partnership with the Suriname based Humus Consulting. The Joint Venture, Strategic Recruitment Suriname N.V., will provide...

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Guyana share of oil revenues to increase as Exxon pays down cost faster with US$100 per barrel crude  

Guyana is set to receive a bigger share of revenue from oil production as higher prices accelerate the pace...