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September time-frame for Payara approval “very important” – Neil Chapman

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Guyana Government approval of the 220,000 barrels per day Payara Development Project by September is being viewed as “very important” if ExxonMobil is to capitalize...

South America’s newest oil producer drops over 50 million barrels of...

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A ‘detrimental limbo’ of political uncertainty is becoming increasingly costly to new oil producer on the South American continent, Guyana, where project approval delays...

Payara will be delayed by a year – Platts analyst

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An analyst at energy and commodities information company S&P Global Platts anticipates that ExxonMobil’s 3rd proposed development at the Stabroek Block offshore Guyana will be...

FPSO awards set to bounce back next year as Guyana’s Payara,...

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Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will likely be limited to...

Unforeseen events delaying offshore developments in Guyana

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Approval for ExxonMobil’s 3rd development project at the Stabroek Block offshore Guyana remains stalled due to what the country’s Department of Energy (DE) has...

O&G project sanctioning faces up to US$131 billion in reduction this...

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The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices...

Signing contracts ahead of development approvals minimise cost overruns and lengthy...

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The signing of contracts with ExxonMobil contractors including Saipem and SBM Offshore for works related to the Payara development prior to final government approval...

SBM Offshore secures contracts for 3rd Guyana FPSO

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SBM Offshore said on Thursday ExxonMobil Guyana has awarded the Company contracts to perform Front End Engineering and Design (FEED) for the Floating Production,...

Approval of Payara development expected by Q1 2020

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Final Investment Decision on ExxonMobil’s third development project offshore the South American country of Guyana is expected by Q1 2020 as authorities move to...

Guyana moving to ‘Prosperity’ for 3rd offshore development

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With the discovery of large quantities of oil off its coast, the South American country of Guyana began preparations for becoming the newest oil...