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FID and key terms in O&G industry

FID is the Final investment decision to invest in a project, typically made by the board and executive committee of oil companies. At this...

Liza 2 among global O&G projects pushing big volumes for 2019

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide, including the Liza Phase 2 Development Project offshore Guyana, could...

Liza Phase 2 Environmental Impact Assessment approved

The Environmental Protection Agency (EPA) in Guyana has approved the final Environmental Impact Assessment Report for ExxonMobil affiliate Esso Exploration and Production Guyana Limited’s...

ExxonMobil applying ‘Build Operate Transfer’ model for Liza Phase 2 FPSO

The Build Operate transfer (BOT) model is being applied by ExxonMobil in Guyana on its high-profile Liza Phase 2 FPSO project. Given government approval,...

TechnipFMC awarded subsea contract for ExxonMobil Liza Phase 2 Project; commits...

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. for the engineering of the subsea...

ExxonMobil expects FID on Liza Phase 2 within months

Pending the granting of approval from the Environmental Protection Agency (EPA) in Guyana, US oil major ExxonMobil could make its Final Investment Decision on...

‘No need to delay Liza Phase 2’ – Dr Mark Bynoe

Head of Guyana’s Department of Energy (DOE) Dr Mark Bynoe says there is no need to delay the Liza Phase 2 development pending an...

Saipem’s $275M Constellation pipelay for Liza 2 campaign

Saipem’s newly acquired US$275M Lewek Constellation vessel will be part of the Italian company’s fleet for the ExxonMobil-led Liza Phase 2 development offshore Guyana. The...

Saipem secures US$700M in contracts for Liza Phase 2 development in...

Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana to the tune of 700 million USD....

ExxonMobil awaiting approvals from regulators to proceed with FID for Lisa...

ExxonMobil will make its Final Investment Decision (FID) on the giant Liza Phase 2 Development offshore Guyana following key approvals from regulators which the...