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China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered another Guyana-bound FPSO hull for the Dutch FPSO specialist SBM Offshore. Following the delivery of the Liza Unity hull in late 2019, SWS on Monday delivered the Liza Prosperity hull, the second hull built under SBM Offshore's Fast4Ward standardized-FPSO-hull program. The construction of the FPSO Prosperity hull started... Continue Reading →
Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country. Exxon, which operates the Stabroek block as part of a consortium with Hess Corp and China's CNOOC Ltd has discovered more than... Continue Reading →
Guyana has re-launched a search for a company to market the government's share of the crude produced at the offshore Liza project, operated by Exxon Mobil Corp, according to a notice published in the South American country's newspapers. President Irfaan Ali's government scrapped a previous, similar process initiated by Ali's predecessor shortly after taking office in August.... Continue Reading →
Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday. Exxon, which operates the Stabroek block in a consortium with Hess Corp and China's CNOOC Ltd, had initially planned... Continue Reading →
Guyana's new administration has put a hold on reviewing bids for a contract to lift the government's portion of crude produced offshore and plans to relaunch the tender, Vice President Bharrat Jagdeo said on Friday. The South American country began producing crude offshore in December and in June approved a group of 19 companies to move to... Continue Reading →
Dutch floating production solutions provider SBM Offshore has ordered equipment from Malaysia's KNM to be installed on an FPSO destined for ExxonMobil's Guyana operations. Bursa Malaysia-listed KNM said SBM Offshore had on Thursday ordered PME pressure vessel separators worth around $4 million. KNM said that the equipment would be delivered by its subsidiary KNM Process... Continue Reading →
U.S. oil major ExxonMobil is set to begin drilling at the Kaieteur Block offshore Guyana, hoping to replicate successes made in the adjacent Stabroek block where it has made more than 16 discoveries. Westmount Energy, which indirectly owns a share in the Kaieteur Block, on Monday cited a statement by Ration Petroleum, according to which the... Continue Reading →
Offshore drilling contractor Noble Corporation has won a six-month contract for its Noble Sam Croft drillship with ExxonMobil in Guyana. Noble shared the news as part of its 2Q results presentation in which it posted a loss of $42 million. The drilling company, which last week filed for Chapter 11 bankruptcy, said Wednesday ExxonMobil had awarded... Continue Reading →
Former Guyanese housing minister Irfaan Ali was sworn in as president of the newly oil-producing South American country on Sunday, after he was declared winner of a disputed March 2 election following a recount. Preliminary recount data released in June showed Ali, a member of the opposition People's Progressive Party (PPP), had won the initial... Continue Reading →
Suriname's state-owned oil company Staatsolie is considering farming into an offshore oil block where Apache Corp and France's Total SA have announced a third major discovery, an executive said on Sunday. Staatsolie has the right to a stake of up to 20% in the 1.4 million-acre Block 58, where Apache and Total last week announced... Continue Reading →
