TechnipFMC, Halliburton to provide subsea fiber optic solution for Payara field

ExxonMobil has selected TechnipFMC and Halliburton to provide the Odassea subsea fiber optic solution for the Payara development project in Guyana. The award follows the completion of front-end engineering and design studies and qualifications. According to TechnipFMC, the Odassea service integrates hardware and digital systems to strengthen capabilities in subsea reservoir monitoring and production optimization. Halliburton... Continue Reading →

July 8, 2021 0

Colombia anticipates new offshore oil exploration to reverse crude output decline

(Bloomberg) --Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export. Royal Dutch Shell Plc is planning to drill this year in the Caribbean, while Exxon Mobil Corp., Repsol SA and state-controlled Ecopetrol SA will follow... Continue Reading →

July 2, 2021 0

India’s top refiner buys its first Guyanese oil – source

(Reuters) - Indian Oil Corp (IOC.NS), the country's top refiner, has made its first purchase of Guyana's Liza light sweet crude as it seeks to diversify its crude purchases, a source familiar with matter said. The 1 million-barrel cargo will set sail around July 4 on Greece-flagged tanker Militos for India's Paradip port, where it is... Continue Reading →

June 30, 2021 0

SBM Offshore closes financing for Exxon’s Payara FPSO

Dutch floater operator SBM Offshore has completed the project financing for a total of $1.05 billion for the FPSO Prosperity, which is destined to operate on ExxonMobil’s Payara development offshore Guyana. The project financing, secured by a consortium of 11 international banks, will be drawn in full, phased over the construction period of the FPSO.... Continue Reading →

June 29, 2021 0

ExxonMobil Hires PGS for 4D Survey Offshore Guyana

Norwegian offshore seismic surveyor PGS has been awarded a 4D seismic acquisition contract by ExxonMobil for work offshore Guyana. PGS will deploy a Titan class seismic acquisition vessel in the fourth quarter of 2021 with the acquisition slated for completion in the first quarter of 2022. President & CEO in PGS, Rune Olav Pedersen said: "We... Continue Reading →

June 29, 2021 0

Eco Atlantic Joins ExxonMobil’s Canje Block Off Guyana

Oil and gas company Eco Atlantic has agreed to acquire a stake in JHI Associates, which owns a share in the Canje block, offshore Guyana, where ExxonMobil is drilling for oil. Eco will acquire up to a 10% interest in JHI and appoint Keith Hill, a non-executive Director of Eco, to the JHI Board. "The... Continue Reading →

June 29, 2021 0

Exxon Doubles Down On World’s Hottest Offshore Play – GUYANA

(Yahoo)The deeply impoverished former English colony of Guyana has become one of the world’s hottest offshore drilling locations. Global energy supermajors have made a slew of major oil discoveries in Guyana’s and neighboring Suriname’s offshore waters, notably in the 6.6-million-acre Stabroek Block in which global energy supermajor Exxon has a 45% interest with 30% and 25% held... Continue Reading →

June 23, 2021 0

C-Innovation Wraps Guyana Survey Remotely from U.S. HQ

C-Innovation, LLC (C-I), an Edison Chouest Offshore affiliate, said on Monday that it has completed its first remote survey scope in Guyana. Remote survey operations are based in C-I’s headquarters in Mandeville, Louisiana, U.S., and conducted by C-Survey (C-S), an internal division of C-I. "This type of survey services enables C-S to be fully operational... Continue Reading →

June 14, 2021 0

Exxon’s board shakeup could force review of billions of dollars in spending

The recent overhaul of Exxon Mobil Corp's (XOM.N) board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say. A quarter of directors last month lost their seats to outsiders read more , and the March appointment of activist Jeff Ubben puts a third... Continue Reading →

June 9, 2021 0

ExxonMobil cheers fresh discovery off Guyana

Oil major ExxonMobil has made a new discovery at Longtail-3 well located in the Stabroek Block offshore Guyana, using the Stena DrillMAX drillship. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 discovery intervals, according to ExxonMobil’s statement on Wednesday. The well is... Continue Reading →

June 9, 2021 0