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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 →
(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 →
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 →
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 →
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 →
The Saipem Guyana Offshore Construction Facility, a new facility from Italy’s offshore contractor Saipem, has been inaugurated at the port of Georgetown in Guyana. Saipem and Guyana have been enjoying a fruitful interaction for the last four years, starting with the award of the ground-breaking Liza Phase 1 contract in 2017 by ExxonMobil. Since then, the company has... Continue Reading →
U.S. oil major ExxonMobil is resuming operations at the Canje Block offshore Guyana with the drilling of the billion-barrel prospect Jabillo-1, using the Stena Carron Drillship. The news was shared by Westmount Energy, a company that owns a stake in one of ExxonMobil's Canje block partners. Westmount Energy said Monday it was "pleased to note... Continue Reading →
(Reuters) A landmark lawsuit filed against Guyana's government, arguing that oil production fuels climate change, could bolster legal action as court cases involving energy companies and state authorities surge, according to lawyers and environmentalists. The constitutional claim - the first of its kind in the English-speaking Caribbean - asserts that oil exploration and production led... Continue Reading →
Norwegian offshore vessel owner Siem Offshore has won a contract for its Siem Dorado multi-purpose support vessel in Guyana. Siem Offshore said the contract was for 55 days firm, in addition to mobilization and demobilization fees, with extension options included. It did not say who the client was. The work scope will consist of fiber... Continue Reading →
Consulting organisation Crondall Energy has been awarded a technical consultant role on the SBM Offshore-owned Liza Unity FPSO destined for ExxonMobil’s project off Guyana. Crondall said on Tuesday it would be supporting MUFG Bank Ltd (MUFG) as lenders’ technical consultant for the Liza Unity FPSO project financing. MUFG is acting as a technical bank on... Continue Reading →
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