Japan’s MODEC said on Tuesday it has been awarded the full engineering, procurement, construction and installation (EPCI) contract to deliver a floating production, storage and offloading (FPSO) vessel for ExxonMobil’s Hammerhead oil project offshore Guyana.
The award, which follows a...
The Hammerhead Petroleum Production Licence requires the operator to hire an independent third-party consultant three years after first oil to conduct an external audit of resources and reserves.
According to the document, the Licence Holder must procure “an unaffiliated, independent...
Oil production offshore Guyana averaged 685,000 barrels per day (b/d) in August, up from 664,000 b/d in July, driven mainly by the start-up of the Yellowtail project. The new development, which began production on August 8, averaged 75,000 b/d...
Chevron has expanded its footprint in South America’s energy frontier, undertaking new exploration in Suriname while consolidating its prized position in Guyana’s prolific Stabroek Block.
In Suriname, the U.S. supermajor will spud the Korikori-1 exploration well in October. The well...
S&P Global Ratings has warned that Trinidad and Tobago’s economy will remain constrained by stagnant oil and gas production and limited success in diversification, even as it affirmed the country’s “BBB- sovereign credit rating” on September 25.
A BBB- sovereign...
TechnipFMC said it has been awarded a substantial contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block.
Exxon announced that it had made a final investment decision (FID) for the project...
Saipem announced today that it has received full authorization from ExxonMobil Guyana Limited to proceed with the execution of the Hammerhead offshore project in the Stabroek Block.
The Milan-based company said the engineering, procurement, construction and installation (EPCI) contract is...
ExxonMobil Guyana has confirmed that its operations in the Stabroek block will reach a combined production capacity of 1.5 million barrels of oil per day by 2029, marking a ten-year leap from first oil to one of the fastest...
ExxonMobil Guyana Limited (EMGL) continued developmental drilling on September 20 at the Yellowtail Project’s YT_1P10 drill center within the Stabroek Block.
The Noble Don Taylor rig will carry out the operation until October 31, 2025, according to a recent notice...
Rystad Energy says some of the world’s largest oil companies are once again turning to frontier basins in search of major discoveries, with recent acquisitions in less-explored, riskier areas.
In a LinkedIn post on September 22, Nishigandha, a senior Exploration...
ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring...
