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(Reuters) - Guyana sold its first share of crude oil from the country's newest offshore production facility to Exxon Mobil (XOM.N) for about $106 million, the government said. One of South America's poorest nations, Guyana plans to use proceeds from oil in the short term to build roads, bridges, houses, gas-fired power plants and solar energy projects.... Continue Reading →
(WO) — The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. The U.S. and European countries are planning liquefied natural gas terminals that will be in... Continue Reading →
Aiming to make full use of domestic and overseas financing channels, Chinese oil and gas giant CNOOC Limited has launched an initial public offering (IPO) on Shanghai Stock Exchange, raising about $4.4 billion. The company informed on Thursday it has been officially listed on the A-share market, building a platform for domestic and international capital... Continue Reading →
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 →
