Guyana News

A Stena Drilling rig - Credit: Stena Drilling

SRO Updates Stena Drilling's Rigs with IBM’s Maximo System

replaced.The company hired UK-based tech firm SRO Solutions which, over the course of 14 months replaced its existing asset management system with IBM’s Maximo software. Six engineers from SRO carried out the work, and also delivered training on the rig fleet in the Canary Islands, Israel, Guyana, and Scapa Flow in Scotland.SRO operations director Andrew Carrie led the project which is the 20th major asset management system upgrade SRO has undertaken, using IBM’s Maximo software in the maritime sector in the last 10 years. He said the project took place on four drillships and two

© Danial / Adobe Stock

Webinar: Floating Production Forecasts & Analysis

of a tender to build three new floating production, storage and offloading units (FPSO) to join four already operating in the Buzios oilfield. The company aims to have a dozen FPSOs operating in the large deepwater oilfield by the end of the decade.WER expects deepwater projects in Brazil, as well as Guyana, Australia and potentially Nigeria, will be in the vanguard of production floater orders as the offshore rebound begins.Webinar speakers Matthew Tremblay, ABS Senior Vice President of Global Offshore Markets, and Jim McCaul, World Energy Reports Managing Director, will address these developments

© sedsembak / Adobe Stock

Webinar: Floating Production Forecasts & Analysis

oil prices now in the low $40s range on the back of OPEC+ supply cuts and rebalancing oil supply and demand, WER expects oil prices to continue to rise over the next six months toward a gradual pickup in floating production activity beginning in late 2020/early 2021. Deepwater project starts in Brazil, Guyana, Australia and potentially Nigeria will be in the vanguard of production floater orders as the rebound begins, according to WER.Webinar speakers Matthew Tremblay, ABS Senior Vice President of Global Offshore Markets, and Jim McCaul, World Energy Reports Managing Director, will address these developments

(Photo: Evergreen Forest Products)

The Benefits of Sustainable Marine Lumber

, when used in a sound design, are aligned with the goals of “engineering with nature” and eco-friendly marina construction.Greenheart Wood vs. other construction materialsProbably the best known and widely-used sustainable marine lumber is Greenheart Wood, also known as Sipiri. Harvested from Guyana, it has gained the respect of engineers and others specifying materials for marina and waterfront projects. It is especially favored for its high strength and durability, as well as for being pest and marine borer resistant and almost completely immune to rot. As a result, it requires minimal maintenance

Image by OceanInfinity

Ocean Infinity Completes Guyana Survey for ExxonMobil

Marine robotics company Ocean Infinity has completed its survey project for ExxonMobil, within the enormous Stabroek block offshore Guyana, where the oil giant has over the recent few years discovered more than 8 billion barrels of oil.The project, announced in February,  involved acquiring high-resolution geophysical and geotechnical data through the simultaneous deployment of multiple Autonomous Underwater Vehicles (AUV), in water depths of between 70m and 2150m over an area of approximately 3,100 square km.The Stabroek Block itself, located approximately 120 miles offshore Guyana, is 6.

Ocean Infinity Wraps 'First in Industry' Survey Offshore Angola

sets of high-quality data through multiple AUVs deployed simultaneously with geotechnical and seismic equipment, from a single vessel, a first for the industry."Worth reminding, the U.S. oil major ExxonMobil last week contracted Ocean Infinity for a similar survey project over the Stabroek Block in Guyana where the oil company has so far struck no less than 16 oil discoveries.Under the contract, Ocean Infinity will deploy high-resolution autonomous underwater vehicles (AUV) to gather geophysical and geotechnical data within the offshore block.Ocean Infinity will simultaneously deploy a fleet of AUVs

(Photo: Ocean Infinity)

Exxon Taps Ocean Infinity to Survey the Stabroek Block

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 of approximately 3,100 square kilometers.Having recently expanded its AUV fleet and implemented new battery technology, Ocean Infinity said the autonomous scale approach presents a more sustainable way of operating at sea.Paul

Saipem Constellation (Photo: Saipem)

Saipem Wins Subsea Contract in Guyana

Italian oilfield services firm Saipem said it has been awarded a subsea contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) for the proposed Payara development project located in the Stabroek block offshore Guyana at a water depth of around 2,000 meters. The contract scope includes subsea structures, risers and flowlines.Saipem was awarded earlier subsea contracts for the first two phases of the Liza development in Guyana by EEPGL in 2017 and in 2018, respectively.Subject to government approvals, project sanction by EEPGL and its partners HESS Guyana Exploration

Image: Kosmos Energy

Orca-1 is Largest Gas Discovery of the Year

oil equivalent (boe) of recoverable resources,” says Palzor Shenga, a senior analyst on Rystad Energy’s upstream team.Offshore continues to dominate exploration in 2019, both in terms of the number of discoveries and the volume of resources unearthed. Boosted by the find, Mauritania now ties Guyana for the second most discovered volumes this year, trailing closely behind Russia with 1.5 billion boe.“This type of significant discovery, along with the projects lined up, could help establish the African nation as a major player and exporter in the industry,” Shenga remarked.The Orca-1

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