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https://www.youtube.com/embed/4YBPRrZMwhg (OE) FPSO specialist SBM Offshore has shared a video showing the lifting and installation of the first topside module batch for the Prosperity FPSO at the Keppel O&M yard in Singapore. The hull of the FPSO Prosperity, which will be Guyana's third offshore production unit after the Liza Destiny and Liza Unity, has... Continue Reading →
(Reuters) - China's top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained by trade and human rights issues... Continue Reading →
(OE) Oilfield services group Hunting has won a contract to provide titanium stress joints for ExxonMobil's Yellowtail oilfield development project in the Stabroek Block offshore Guyana. Hunting said its Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution. “Hunting is extremely excited for the opportunity to use our worldwide,... Continue Reading →
President Joe Biden’s decision to ban Russian energy imports to the U.S. is boosting the outlook for South America’s newest oil-producing nation Guyana as well as neighboring Suriname. The deeply impoverished microstates share the offshore Guyana-Suriname Basin where global energy supermajor ExxonMobil with its partners has made a slew of quality petroleum discoveries in offshore Guyana’s Stabroek... Continue Reading →
The major will proceed with Yellowtail, its largest Guyanese project to date (PE) ExxonMobil has taken FID on the Yellowtail development offshore Guyana, following government and regulatory approvals. The major expects Yellowtail, its fourth development in the prolific Stabroek block, to produce around 250,000bl/d starting in 2025. Yellowtail has an estimated recoverable resource of 900mn... Continue Reading →
SBM Offshore is pleased to announce that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the Yellowtail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct, install and then lease and operate the ONE GUYANA FPSO for... Continue Reading →
Oil major ExxonMobil has sanctioned its fourth and largest to date oil development on its operated Stabroek Block located offshore Guyana, which will be developed with the largest FPSO vessel on the block so far. According to a Monday update from its partner Hess, ExxonMobil made a final investment decision to proceed with the development... Continue Reading →
Reuters) - Exxon Mobil Corp (XOM.N) on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country's Environmental Protection Agency. The permit will allow Exxon to begin construction and operation of its Yellowtail project, the latest of up to 10 expected to be producing oil this decade. A... Continue Reading →
https://www.youtube.com/embed/FrGBl51bBj0 The hull of the FPSO Prosperity, which will be Guyana's third offshore production unit after the Liza Destiny and Liza Unity, has recently left the dry dock in Singapore, in preparation for topside installation works. The hull arrived in Singapore last year from China where it was built. In Singapore, Keppel will install the... Continue Reading →
(Bloomberg) — U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude. Ecuador’s state oil company EP Petroecuador held back-to-back meetings this week in Louisiana with several refiners and trading houses, according... Continue Reading →
Brazil Energy Insight 