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Suriname oil development could be most expensive to date in Guyana Basin

OilNOW -
Staatsolie said Suriname’s first oil development in the shared basin could cost US$13.2 billion. This would represent the highest development expense for such a project, costing more than any of the six projects already sanctioned for nearby Guyana in the same...
Exploration

Guyana oil success rooted in high risks, partnerships, and innovation – Liam Mallon

OilNOW -
In a candid discussion with Hart Energy, President of ExxonMobil Upstream Company and Vice President of Exxon Mobil Corporation, Liam Mallon, provided a detailed account of Guyana’s journey to becoming a major oil producer. Mallon outlined the inherent risks...
News

Saipem vessel completes 180 consecutive ‘Perfect Days’ on Yellowtail project in Guyana

OilNOW -
Saipem's FDS2 vessel has successfully wrapped up its pipelay and subsea construction work for ExxonMobil's Yellowtail Project offshore Guyana, achieving a milestone of 180 consecutive “Perfect Days.” This accomplishment means 180 days without any injury, asset damage, or environmental...
News

ONE GUYANA FPSO completes final module lifts at Seatrium Yard

OilNOW -
SBM Offshore announced today that the ONE GUYANA floating, production storage and offloading vessel has completed its final module lifts at the Seatrium yard in Singapore.  This vessel, destined for ExxonMobil’s Yellowtail field in the Stabroek Block offshore Guyana, is...
News

Exxon forging ahead with development drilling at Yellowtail 

OilNOW -
ExxonMobil Guyana is progressing with developmental drilling at the Yellowtail well site in Guyana's Exclusive Economic Zone. According to Guyana's Maritime Administration Department (MARAD), the Noble Tom Madden is leading the operations, which are expected to conclude by October 31. The...
News

South American ‘model oil producer’ launches fourth edition of flagship conference

OilNOW -
The Guyana Energy Conference and Supply Chain Expo officially launched the fourth edition of the country’s flagship event, set to be held February 18-21, 2025 at the Marriott Hotel in Georgetown.  Themed ‘Connecting the Dots: Integrating the Future, 82 companies...
News

Exxon’s projects in Guyana to drive significant subsea tree installations in 2024 – Rystad Energy 

OilNOW -
ExxonMobil's expanded operations are set to boost subsea tree installations in 2024, with a projected 12% contribution, according to Rystad Energy. This surge follows Equinor, which accounted for 17% of total subsea tree installations this year. Exxon's focus is...
News

ONE GUYANA FPSO 75% complete, topsides modules successfully installed – SBM Offshore 

OilNOW -
Construction of the ONE GUYANA floating, production, storage and offloading vessel (FPSO) is about 75% complete, according to new updates from SBM Offshore.  The company, in its Half Year report for 2024, said the topside modules lifting campaign has been...
News

Bourbon Clear vessel in Guyana to support Yellowtail development operations 

OilNOW -
Offshore marine services company – Bourbon Guyana Inc. – now has seven vessels supporting oil and gas operations offshore in the Stabroek Block.  “The Bourbon Clear joins our local Bourbon Guyana fleet, increasing the number to 7 OSVs operating...
News

DOF Group secures major contracts with Petrobras

OilNOW -
DOF Group has been awarded two significant long-term contracts by Petrobras. These include a major contract for the pipelay support vessel (PLSV) Skandi Niterói and a very large contract for the anchor handling support vessel (AHTS) Skandi Botafogo. The Brazilian-built...
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OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the...

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