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(OE) Offshore seismic services firm Shearwater Geoservices has secured large deepwater 4D ocean bottom node (OBN) reservoir surveillance program by ExxonMobil Guyana. Under the contract, Shearwater will begin a six-month survey starting in the first half of 2025. The field unit will be comprised of a Shearwater seismic vessel as source vessel, and a dual... Continue Reading →
(Reuters) - Guyana's average oil production fell to some 620,000 barrels per day in January from 656,000 bpd in December, the lowest monthly figure since August, the Natural Resources Ministry said on Friday in a report. A consortium led by U.S. oil major Exxon Mobil and involving Hess and China's CNOOC controls all crude and gas output in... Continue Reading →
(OM) The Guyana-Suriname basin has seen significant activity in recent years, with Guyana alone unearthing more than 13 billion barrels of oil equivalent (boe) of discovered volumes in the past decade. As operators in offshore Guyana continue to explore and develop its resources, the focus on its coastal neighbor, Suriname, is growing. Rystad Energy analysis forecasts... Continue Reading →
(Reuters) Dutch oil and gas services firm SBM Offshore's annual revenue jumped 35% to a record high in 2024, driven by the sale of its floating production, storage and offloading vessels (FPSO) in Suriname and Guyana, the company said on Thursday. SBM Offshore's shares rose 9.3% to 20.04 euros at 0851 GMT, their highest in... Continue Reading →
(Reuters) Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery in the South American country, Dominican President Luis Abinader said on Tuesday. The countries signed a memorandum of understanding in 2023 to work on energy projects. The Caribbean country is interested in exploring Guyana's... Continue Reading →
(Reuters) The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from Singapore on its route to the South American country's waters, according to a company executive and LSEG vessel tracking data seen on Tuesday. Once the floating production storage and offloading (FPSO) vessel is installed,... Continue Reading →
(Reuters) A consortium led by U.S. major Exxon Mobil plans to produce up to 180,000 barrels per day (bpd) of oil and 95 million cubic feet per day (mmcfd) of gas at its seventh project in Guyana, Hammerhead, according to a document published by the country's environmental agency on Monday. The Exxon group, in which... Continue Reading →
(oilnow.gy) SBM Offshore is working to lay the foundation for capacity building and local content development in Suriname as it looks towards delivering the first FPSO for TotalEnergies’ Gran Morgu project, set to begin production in 2028. Pierre Gaté, Country Entry-Manager of SBM Offshore Suriname, said the company is leveraging its early presence to maximize... Continue Reading →
(oilnow.gy) With US$17.6 billion in crude exports projected for 2025, the Stabroek Block group could recover up to US$13.2 billion in expenses in 2025. The group—ExxonMobil, Hess, and CNOOC—has committed more than US$54 billion to explore and develop the Stabroek Block resources offshore Guyana. Their production sharing agreement (PSA) with the Guyana government lets them take... Continue Reading →
Frontera Energy Corporation and CGX Energy have received a notice from the Government of Guyana for the cancelation of license for the Corentyne block offshore the South American country. According to the joint venture partners, Guyana has taken the position that the license, together with the petroleum agreement with the government, has terminated and that,... Continue Reading →
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