Seatrium Awarded Repeat FPSO Integration Contract From SBM Offshore
Seatrium Limited (Seatrium or the Group) is pleased to announce that it has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore...
Source: oilandgasonline.com
Page 14 - Stabroek News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Top News In Stabroek Today - Breaking & Trending Today
US$2B oil spill guarantee requires ExxonMobil to operate in accordance with Permits
The ramping up of oil production in the Stabroek Block by American oil major, ExxonMobil is not covered by the US$2 billion oil spill guarantee provided by the Co-Venturers.
Source: kaieteurnewsonline.com
Suriname: PETRONAS discovery in Suriname approaches 400 million barrels
According to a report by Wood Mackenzie, PETRONAS discoveries Roystonea and Fusaea are in the region of 400 million barrels of recoverable resources, which could be enough to support an FPSO with an oil processing capacity of up to 100,000 b/d FPSO development. Wood Mackenzie now holds Suriname's discovered resources at more than 2.4 billion barrels of oil and liquids and more than 12.5 tcf of gas.
Source: energy-pedia.com
Guyana's economy surges on offshore success in prolific Stabroek block, EIA reports
From 2020 to 2023, Guyana's crude oil production grew by an average of 98,000 bpd annually, making it the third-fastest growing non-OPEC producer. This surge has driven substantial economic growth, with a 62.3% GDP increase in 2022, the highest globally, according to the IMF.
Source: worldoil.com
This week-in-review May 18th to May 25th
Oil & Gas Exxon insurance contract sets US$500m limit for any one incident: The Government has published a contract of insurance for ExxonMobil Guyana
Source: stabroeknews.com