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Unforeseen events delaying offshore developments in Guyana

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...

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...

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

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

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

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

Exxon submits Field Development Plan, EIA for Payara

ExxonMobil has submitted its Field Development Plan and Environmental Impact Assessment Report to the Environmental Protection Agency (EPA) in Guyana for its third potential...

Public engagement for Payara Development begins in Georgetown

The first in a series of public scoping meetings for the Payara Development Project got underway on Tuesday in Guyana’s capital, Georgetown. Members of the...

Payara development targeting 220,000 bpd peak production

ExxonMobil’s 3rd proposed development at the Stabroek Block offshore Guyana is targeting 180,000 to 220,000 barrels of oil per day with a potential start...

Payara and Pacora to be part of one development – ExxonMobil...

The short distance between the Payara and Pacora reservoirs offshore Guyana allows for a combined development utilizing a single Floating Production Storage and Offloading...