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UK-based centrifugal pumps and associated equipment manufacturer, Amarinth, has won an order from VWS Westgarth for two titanium pumps, which will be used aboard SBM Offshore’s FPSO One Guyana, destined to work for ExxonMobil off Guyana. Amarinth disclosed on Monday that it was tasked by VWS Westgarth to provide the two titanium API 610 OH2 chemically enhanced... Continue Reading →
Frontera Energy Corporation and CGX Energy Inc, partners in the Corentyne block offshore Guyana, have been given more time to drill the Wei-1 exploration well. Under the Corentyne block license terms, the joint venture was previously required to spud Wei-1, the second of two commitment wells on the block, by November 27, 2022. However, the... Continue Reading →
(Reuters) - BP Plc (BP.L) will market Guyana's share of crude oil produced over the next year from two offshore production platforms, the South American country's Ministry of Natural Resources said. Guyana is home to one of the largest oil discoveries in the last decade, with about 11 billion barrels found to date. A consortium that controls... Continue Reading →
(RZ) Deepwater production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production. Ultra-deepwater production – from depths of 5,000 feet and above is growing fastest – by 2024 it will account for more than half of all deepwater production. Deepwater is the fastest-growing upstream... Continue Reading →
(Reuters) Venezuela told judges at the International Court of Justice (ICJ) on Thursday that they should throw out a case filed by Guyana in a long-running border dispute, which could determine which country has rights to offshore oil and gas fields. Guyana brought a case in 2018 asking the court to confirm the border was... Continue Reading →
(YP) After a series of dry wells were drilled in the Guyana-Suriname Basin from the 1960s through to the 1980s, offshore Guyana and Suriname were ignored by global energy companies. Interest was reignited by ExxonMobil’s discovery of the Liza oilfield in the 6.6-million-acre Stabroek Block offshore Guyana in 2015. That was followed by a swathe of... Continue Reading →
Dutch FPSO systems provider SBM Offshore said Thursday it had signed a memorandum of understanding with ExxonMobil for the supply of another FPSO in Guyana. "The company recently placed an order for a seventh Fast4Ward MPF hull. The construction of this hull is expected to start in the first quarter of 2023. An MoU was... Continue Reading →
Dutch FPSO operator SBM Offshore is putting the wheels into motion to resume production by the end of the year from a floating, production, storage and offloading (FPSO) vessel, which is working for Petrobras offshore Brazil. Back in January 2022, oil was observed close to the FPSO Cidade de Anchieta – designed for pre-salt production of the Baleia Azul, Jubarte and Pirambu fields in... Continue Reading →
U.S. oil major ExxonMobil plans to order another floating production storage and offloading (FPSO) vessel for a project in Guyana from the Dutch FPSO operator, SBM Offshore. SBM Offshore said in a short statement on Wednesday that it has signed a Memorandum of Understanding (MOU) with ExxonMobil Guyana for the construction of a multi-purpose floater... Continue Reading →
(Reuters) Guyana, one of the world's hottest oil drilling zones, will offer 14 offshore exploration blocks under terms that "significantly" increase its share of oil revenue, the South American nation's vice president said on Thursday. Officials this week approved an oil lease auction with timing details to be disclosed by the Ministry of Natural Resources.... Continue Reading →
Brazil Energy Insight 