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Dutch offshore service provider Ampelmann said it has added Guyana as a new market to its global portfolio following a contract award from compatriot floating production and mooring systems firm SBM Offshore. Ampelmann said it assisted the hook-up and commissioning of the SBM floating production, storage and offloading unit (FPSO) Liza Destiny, which came on stream for... Continue Reading →
Subsea marine robotics company Ocean Infinity said it has been awarded a contract with ExxonMobil, for high-resolution autonomous underwater vehicle (AUV) geophysical and geotechnical data acquisition within the promising Stabroek block offshore Guyana. Ocean Infinity will simultaneously deploy a fleet of AUVs in water depths of between 70 meters and 2,150 meters over an area... Continue Reading →
Guyana's government on Wednesday launched a search for a company to market its share of crude produced at the offshore Liza well, where an Exxon Mobil Corp-led consortium began producing oil in December. The government is entitled to a share of the oil produced, and has said it was seeking a marketing agent to help... Continue Reading →
Offshore marine transportation firm Harvey Gulf International Marine says it has been able to achieve success in the turbulent offshore market by constantly reinvented itself to fit the industry demands. Most recently, “reinvention” has meant branching out to secure more work in international markets. This is not the first time Harvey Gulf has ventured away... Continue Reading →
Guyana produced 35,607 barrels per day (bpd) of oil in December, following the inauguration of production in the country by a consortium led by U.S. oil major Exxon Mobil Corp, the finance ministry said in a report. Exxon has discovered more than 8 billion barrels off the coast of Guyana, a poor South American country with no... Continue Reading →
Offshore discoveries accounted for more than 60% of global discoveries in 2019, up significantly on previous years, according to a study by GlobalData. GlobalData report reveals that while Colombia and Norway saw the highest number of discoveries drilled in 2019, Guyana, Mauritania and Russia hosted the most significant finds. Continue reading
Global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade. According to Rystad Energy research, recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells. Continue reading
Total Chief Patrick Pouyanne dismissed the idea it might buy its partner in East Africa and Guyana, Tullow Oil, whose share price slumped to 19-year lows in December over a string of bad news, stoking takeover speculation. Total is a partner in all growth markets for Tullow Oil whose market capitalization shrank to around 633... Continue Reading →
Offshore drilling contractor Noble Corporation and oil major ExxonMobil have announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in Noble’s fleet. The ultra-deepwater drillships Noble Bob Douglas, Noble Tom Madden, and Noble... Continue Reading →
Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday. Exxon Mobil and partners Hess Corp and China's CNOOC Ltd inaugurated oil output in December at the... Continue Reading →
