SBM secures US$1.5 Billion to finance construction of Guyana’s FPSO Jaguar
SBM Offshore has successfully completed the project financing for Guyana’s FPSO (Floating Production Storage and Offloading) unit, Jaguar, raising a total of US$1.5 billion....
India sees Guyana as key to its energy security– Modi
India’s Prime Minister, Shri Narendra Modi, highlighted Guyana’s importance to India’s energy security during his address to the Twelfth Parliament of Guyana on Thursday.
Prime...
Guyana open to future oil sale to India – Jagdeo
Vice President Dr Bharrat Jagdeo has clarified that while no direct agreement for crude oil sales to India is currently under discussion, Guyana remains...
Exxon walks away from Guyana’s oil blocks auction
Vice President, Dr. Bharrat Jagdeo announced on Thursday that ExxonMobil Guyana Limited has pulled out of discussions for a shallow water block it had...
Guyana, India sign MoUs to advance cooperation on oil and gas, health care, other...
The Governments of India and Guyana have signed five historic Memoranda of Understanding (MoUs), with a spotlight on the energy and hydrocarbons sector, alongside...
Local Content Regulators reviewing partnership agreements with “fine-tooth” comb
The Government of Guyana has made known, on several occasions, its intolerance for foreign companies that engage “rent-a-citizen” and “fronting” schemes to flout the...
Suspended auditor was never part of proposal to audit Exxon’s US$7B expenses- Haynes clarifies
The VHE Consortium that was contracted by the Guyana government to audit ExxonMobil and partners' Stabroek Block expenses, came forward to address certain inaccuracies...
ExxonMobil and partners celebrate 500 Million barrels of oil produced from Stabroek Block in...
ExxonMobil Guyana and its Stabroek block co-venturers, Hess and CNOOC, today announced that they reached 500 million barrels of oil produced from Guyana’s offshore...
SBM Offshore hires 3 Guyanese fabricators for Jaguar FPSO
In a major step toward ensuring local participation in Guyana’s burgeoning oil and gas sector, three Guyanese companies—Industrial Fabrications (InFab), Zeco Group of Companies,...
ExxonMobil completes US$1.2 billion purchase of FPSO Prosperity; SBM will manage vessel until 2033
SBM Offshore disclosed today that it completed the sale of the Prosperity FPSO to ExxonMobil Guyana Ltd. This was done ahead of the maximum...
