ExxonMobil and Halliburton have completed what the companies describe as the industry’s first fully automated closed-loop geological well placement system during offshore drilling operations in Guyana.
The Government of Guyana, through its Ministry of Natural Resources, is advancing a large-scale 3D multi-client seismic acquisition program offshore, supported by geoscience company Viridien.
Guyana is accelerating efforts to diversify its economy and expand domestic energy infrastructure as offshore oil production continues to drive rapid economic growth, according to President Irfaan Ali. Speaking in Georgetown, Ali said the government is using rising revenue from ExxonMobil-operated offshore developments to fund infrastructure, power generation and industrial projects aimed at reducing long-term […]
DOF Group has secured a large turn-key contract by MODEC Guyana to carry out mooring pre-lay work for the Hammerhead floating production, storage and offloading vessel (FPSO) unit, set for deployment at ExxonMobil’s project offshore Guyana.
The Government of Guyana and ExxonMobil Guyana on Tuesday last launched a new Oil and Gas Corner at the New Amsterdam National Library, an initiative aimed at demystifying the oil and gas industry and inspiring young Guyanese to pursue careers in the sector. According to a Ministry of Finance release, speaking at the official opening, […]
TechnipFMC has been selected by ExxonMobil Guyana to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek block, TechnipFMC announced on Thursday.
First oil is expected in Q2 2029 from the project, which will utilise an FPSO with a production capacity of 150,000 bopd.
The Guyanese government has used the windfall from oil sales to build infrastructure, schools, and hospitals but many in Guyana still live in poverty. As oil production grows, however, so should income to invest in more public services and reducing poverty levels.
Following its debut at the Guyana Energy Conference and Supply Chain Expo in 2024, MODEC has returned to this year’s event with a stronger resolve to build lasting partnerships in the local energy sector. The company’s Country Manager, Rafael Fumis, took the opportunity on Tuesday to reaffirm the company’s long-term commitment to Guyana while highlighting its ongoing investments in local capacity development.
Japan’s MODEC has delivered a structure that will form part of a floating production storage and offloading (FPSO) unit to be deployed to a project offshore Guyana operated by ExxonMobil, a U.S.-headquartered oil and gas giant.