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(Reuters) Guyana's Natural Resources Ministry said on Monday the country earned nearly $80 million from a July crude cargo sold to an Indian refiner, the highest figure since exports began in early 2020, though an official ruled out a long-term supply deal. Guyana sold the cargo of 1,047,820 barrels of light, sweet Liza crude at... Continue Reading →
(Reuters) Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according to Guyana's National Procurement and Tender Board Administration website on Wednesday. The government re-launched the search last month after a previous tender was discarded. Bids were due on Aug. 3,... Continue Reading →
(PetroNoticias) The exploratory success in neighboring Suriname and Guyana, nations that entered the world oil and gas map after relevant discoveries on their coast, is a strong indication that the Brazilian portion of the Equatorial Margin also has great potential to become a new oil and gas production hub in the country. The topic was... Continue Reading →
(Oilprice) The global push to substantially reduce carbon and other fossil fuel emissions is expected to sharply impact demand for fossil fuels. It will eventually trigger a phenomenon known as peak oil demand, where crude oil consumption will cease growing, flat line, and then progressively contract causing prices to fall. A raft of analytical agencies and... Continue Reading →
According to Jim McCaul, Managing Director at IMA/World Energy Reports, Guyana has a huge appetite for FPSOs. Here's a brief 'by the numbers' look: The Stabroek Block covers 26,800 sq km containing multiple prospects and playsThere are 20+ discoveries to date with 9 billion boe estimated recoverable resourcesUp to 10 VLCC-size FPSOs are expected to... Continue Reading →
ICR Integrity (ICR), an industrial maintenance and integrity company, has partnered up with Guyana-based Panthera Solutions (Panthera) to deliver its Technowrap and Quickflange technologies and other solutions and the booming oil and gas market in the region. Panthera provides fabric maintenance and deck services to offshore energy companies and their suppliers and employs a local... Continue Reading →
(Reuters/OE) Exxon Mobil reportedly made a new discovery at Whiptail in the Stabroek Block offshore Guyana, as it develops one of the world's most important new oil and gas blocks in the last decade. The company operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corp and China's CNOOC Ltd. It... Continue Reading →
(Reuters) Guyana is re-launching a search for a company to market the government's share of crude oil produced off the South American country's coast to make the tender process "simpler and more competitive," the natural resources minister said on Monday. According to the notice published late last week, companies will have until Aug. 3 to submit their... Continue Reading →
Offshore drilling in Guyana, mainly by ExxonMobil, has in the past years unearthed more than 9 billion barrels of oil equivalent, making Guyana a place to be when it comes to deepwater exploration, and as of December 2019, production, with multiple FPSOs planned for deployment in the coming years. Explorers in nearby Suriname have been hoping... Continue Reading →
Chinese shipyard Shanghai Waigaoqiao Shipbuilding has launched a hull of the latest FPSO of a Fast4Ward design being built for Dutch provider SBM Offshore. On 10 July, the third H1498 ship of the Fast4Ward offshore floating production and storage vessel (FPSO) series built by Shanghai Waigaoqiao Shipbuilding, a subsidiary of China State Shipbuilding Corporation, was... Continue Reading →
Brazil Energy Insight 