Oil major TotalEnergies intends to develop a US$9Bn deepwater oil project in Suriname using a nexus of subsea infrastructure connected to a newbuild FPSO
ExxonMobil Guyana Limited (EMGL), the operator and one of the coventurers in the prolific Stabroek Block offshore Guyana, netted $614.6 billion in profits at the end of 2023.
With Africa one of the last frontiers for upstream development, the OPEC+ alliance is courting emerging oil producers on the continent, such as Namibia, Ghana and Senegal, for potential membership.
The keel of a new floating production storage and offloading unit (FPSO) has been laid at the facilities of Chinese shipbuilder Dalian Shipbuilding Industry Company (DSIC).
Guyana raised its crude oil production by an annual average of 98,000 barrels per day from 2020 to 2023, making the South American country the third fastest growing producer outside the Organization of the Petroleum Exporting Countries in the three-year period, the United States Energy Information Administration (EIA) reported Tuesday.
Guyana has turned into a significant contributor to global crude oil supply growth in just a few short years.
Seatrium Limited has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO) vessel offshore Guyana to support ExxonMobil’s Stabroek block development.
The approval has been granted for offshore oil block S-4, which was offered as part of the auction initiated in September 2023.
Exxon will pause for several weeks oil production at two platforms offshore Guyana in the third quarter of 2024 to connect them to a new pipeline expected to bring the associated natural gas onshore to a gas-fired power plant.
Chinese offshore oil and gas major said it had filed an arbitration claim to establish a right over Hess’ stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm’s sale to Chevron.