Shell Deer Park oil refinery in Deer Park, Texas (Source: Associated Press)
Oil refinery could give Guyana greater control over supply shocks; feasibility, strategic reserve worth reexamining — VEHSI Director
Categories
Oil & Gas, Operations

Director of Vreed-en-Hoop Shorebase Inc. (VEHSI), Nicholas Deygoo-Boyer, says Guyana may need to revisit the feasibility of building an oil refinery or establishing a larger strategic reserve of refined products as the country’s oil sector expands. He made the remarks on the oil and gas edition of the Starting Point podcast on March 22, while discussing Guyana’s position as a crude producer that relies on imported fuels. Deygoo-Boyer said he attended the March 19 annual general meeting of the Georgetown Chamber of Commerce and Industry (GCCI), where President Irfaan Ali made remarks about Guyana’s oil and gas future. “I listened to the President’s comments, and I found it important because we are a large producer of crude oil. Still, we do not control our fate or our destiny in terms of refined products,” Deygoo-Boyer said. Interest in building a refinery has increased alongside that growth. The government previously received 11 bids to build and operate a modular refinery and later shortlisted five companies. The proposed facility would process about 30,000 b/d and could be located at Crab Island, at the mouth of the Berbice River in Guyana. Oil refinery is to ensure Guyana does not run out of fuel, says Vice President | OilNOW  Deygoo-Boyer said a refinery could help reduce exposure to supply disruptions. “I’ve seen some solutions that have been offered are maybe creating a larger strategic reserve for refined products, but having a refinery definitely gives you far more control over your fate in terms of, well, not being subject to shocks.” He said the options should be reassessed as the country continues to develop its oil sector. “I think that it might be well worthwhile to reanalyze whether a refinery is feasible or a strategic reserve is feasible.” According to the Guyana government, an oil refinery could strengthen energy security by allowing more of the country’s crude to be processed locally into fuels such as gasoline, diesel and jet fuel, reducing reliance on imports during supply disruptions.  The next wave of Stabroek Block projects offshore Guyana | OilNOW Guyana’s oil industry has expanded rapidly in recent years. Production from the offshore Stabroek Block, operated by ExxonMobil with co-venturers Hess and CNOOC, averaged 915,000 barrels per day (b/d) in January. The VEHSI Director noted that as production from the offshore Stabroek Block continues to grow, a refinery could help retain more value from the oil sector within the local economy while supporting fuel supply stability for transportation, power generation, and industry. SOURCE: https://oilnow.gy/featured/oil-refinery-could-give-guyana-greater-control-over-supply-shocks-feasibility-strategic-reserve-worth-reexamining-vehsi-director/

ENVEXX 2026 - Programme Released
ENVEXX 2026 – Programme Released
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Event

ENVEXX 2026 | International Energy Deal Making Conference Strategic Market Intelligence. Regional Focus. Direct Commercial Engagement. ENVEXX 2026 presents a comprehensive two-day programme designed to connect National Oil Companies (NOCs), prospectors, investors and senior decision-makers through structured keynote sessions and dedicated opportunity forums. Taking place on 24–25 March 2026 in London, this truly international event, with key speakers from NOCs and prospectors, that will offer a commercially focused environment where global market context and active project promotion sit side by side — This proven format will ensure delegates gain both strategic perspective, direct exposure to international opportunities and importantly, time to digest and discuss these opportunities with the wider delegate audience, in a facilitated networking environment. Session 1.Global Energy Status; Trends, Challenges & Finance The State of Global Upstream A&D and Potential Targets for the Changing E&P Landscape – M. Lakin, ENVOIState and Trends of Global Upstream Deals: The History and Potential Future of E&P – C. Shearman, WestwoodThe Ongoing Challenges of Running and Growing a Small E&P Company in the Current Upstream Climate – J. Smart, PetromatadE&P Opportunities from Around the World – I. Cross, Moyes & AssociatesGlobal Energy Opportunities to Suit – M. Riddle, ENVOI Session 2.The Americas The Growing Prospectivity of the Western Atlantic Margin – N. Hodgson, SearcherSuriname’s E&P Potential, New Opportunity and Open Bid Round Process – V. Gangaram Panday, StaatsolieCountry Forum presentations from participating NOCs Session 3.Europe, Eastern Europe & Middle East Status of E&P in Eastern Europe: Opportunities Now and Future – I. Karpenko, NaftogazExploration Farmout in the Republic of Georgia – C. Brown, Block EnergyAdditional regional opportunity presentations Session 4.Asia / Far East & Australasia Hidden Gems of Asia-Pacific: High-Impact Opportunities in Underexplored Basins. Chaired by I. Cross, Moyes & AssociatesRegional prospect and project presentations. Session 5.Geothermal & Renewables – Realistic Transition The Potential of Geothermal in the UK Benefiting from Historical Wells – K. Farrow, CeraPhiThe Truth About Transition and the Need for Affordable Secure Energy – K. Porter, Watt-LogicThe Future of Nuclear SMRs – J. Harris, TredicPredicting Geothermal Potential with Remote Sensing – J. Watson, Metatek Session 6.Africa Opportunities and Challenges of Establishing an E&P Foothold in Africa – I. Cloke, AfentraOpportunities Abound Onshore and Offshore Africa – A. McAfee, CoreLabRefining the Future: Why Africa’s Upstream is Just Getting Started – B. Sayers, GeoPartnersCountry Forum and prospect presentations

https://www.oedigital.com/news/535704-jumbo-offshore-wraps-up-errea-wittu-fpso-mooring-pre-lay-in-guyana
Jumbo Offshore Wraps Up Errea Wittu FPSO Mooring Pre-Lay in Guyana
Categories
Contracts, Oil & Gas

Jumbo Offshore has completed mooring pre-installation activities for the Errea Wittu floating production, storage and offloading (FPSO) unit at ExxonMobil Guyana’s Uaru Field in the Stabroek Block offshore Guyana. The work, carried out on behalf of MODEC, included installation of suction anchors and the pre-lay of mooring lines in preparation for FPSO hook-up. Jumbo Offshore performed installation engineering, procurement, mobilization and marshalling activities to support the offshore campaign, which was executed using its J-class installation vessel Fairplayer. The Uaru field is located around 200 kilometers offshore Guyana in water depths of about 1,750 meters and is estimated to hold more than 800 million barrels of oil. The Errea Wittu FPSO is designed to produce 250,000 barrels of oil per day, with a gas treatment capacity of 540 million cubic feet per day. It will also have a water injection capacity of 350,000 barrels per day, produced water capacity of 300,000 barrels per day and storage capacity of 2 million barrels of crude oil. “I am very proud of the hard work and commitment shown by all Jumbo personnel and subcontractors during the preparation, mobilization, and execution of this deepwater pre-lay mooring project. The team demonstrated full focus on engineering, procurement, documentation, and meticulous planning in sometimes challenging circumstances. The yard and offshore teams’ resilience and teamwork led to a safe and successful completion of the mooring line installation campaign,” said Freek Muurling, Project Manager at Jumbo Offshore. SOURCE: https://www.oedigital.com/news/535704-jumbo-offshore-wraps-up-errea-wittu-fpso-mooring-pre-lay-in-guyana

Exxon likely to file for second Guyana gas project within weeks; says full value chain is key – Routledge
Exxon likely to file for second Guyana gas project within weeks; says full value chain is key – Routledge
Categories
Oil & Gas

President of ExxonMobil Guyana, Alistair Routledge, says the company anticipates submitting environmental and project authorization requests for its second gas development within weeks, as it advances plans to build out a full gas value chain. Routledge made the disclosure on day two of the Guyana Energy Conference and Supply Chain Expo at the Guyana Marriott Hotel in Georgetown. “We anticipate that in the coming weeks, the next couple of months, we will likely submit a request for authorization and environmental authorization for the second gas project in the southeast part of the Stabroek Block,” Routledge said. The move reflects increasing assurance in the offshore resource. “Gas is more complicated. We require the full value chain,” he added. Routledge noted that gas development demands more integration than oil. “Trinidad has for decades in the development of that gas value chain. Has multiple ways in which they monetize their gas, from LNG export to onshore chemical plants many ways to develop the gas it supports local industry,” he said. “Guyana does not today have an onshore gas market,” he said. Routledge referenced Guyana’s President, Dr. Irfaan Ali’s remarks from the previous day, about expanding gas use beyond power generation. “That is the vision, in addition to gas to energy and the Wales development, our commitment and our energy is going behind developing a gas fueled industrial development,” he said. He outlined three requirements to make that plan viable. “The first is the confidence in the upstream resource,” he said. “We have growing confidence, and we can see a path forward to developing the upstream resource, including what it takes to deliver that resource from offshore to onshore by pipeline,” Routledge said. “We’ve already started the work on the concepts and how we will construct the pipeline. What size does it need to be, and where would it deliver the gas onshore,” he added. “The second element that we need to think about is the onshore infrastructure,” he said. “And the third element is the collaboration, existing partnerships, but also the new partnerships that will be needed in order to develop this full gas vision,” Routledge said. The plan for a second pipeline is consistent with the ‘Wales Gas Vision’ presented at the fourth Guyana Energy Conference in February by ExxonMobil Guyana President, Alistair Routledge. That vision anticipates the supply of natural gas to an offshore LNG export facility, and to Berbice for alumina and fertilizers production, as well as data centers. Anchoring the vision is ExxonMobil’s Longtail development. The Longtail project is being designed to operate for three decades, making it the company’s longest-running production venture in the Stabroek Block. The project is expected to produce around one billion cubic feet of gas per day and 250,000 barrels of condensate.  SOURCE: https://oilnow.gy/news/exxon-likely-to-file-for-second-guyana-gas-project-within-weeks-says-full-value-chain-is-key-routledge/

EIC flags pipeline of offshore contracts as Guyana and Suriname projects move toward FID
EIC flags pipeline of offshore contracts as Guyana and Suriname projects move toward FID
Categories
Contracts, Exploration

The Energy Industries Council (EIC) said a growing pipeline of offshore contracts is emerging in Guyana and Suriname as multiple projects advance toward final investment decisions, creating near-term opportunities for the global energy supply chain. The update was provided by Lucas Ramos, Lead Energy Analyst at the Energy Industries Council, during a recent EIC webinar focused on subsea activity and opportunities in both countries. Ramos said the EICDataStream platform is tracking a steady flow of contract awards linked to Guyana’s Stabroek Block developments and early-stage projects offshore Suriname. “That information helps us better navigate opportunities on the market,” Ramos said. Guyana-Suriname Basin offers ‘advantaged barrels’ for the future, says S&P Global Executive | OilNOW  He said recent awards in Guyana are tied to the Jaguar and Hammerhead developments, with scopes covering subsea installation and pre-lay activities. Ramos said the scale of Guyana’s offshore build-out will continue to generate demand for logistics, subsea services, and offshore support as production expands. “We see an active scale-up of infrastructure arrangements in the country,” he said. He said Suriname is also entering a new contracting phase as its first FPSO project moves closer to execution. The unit for the GranMorgu development will be all-electric, with no routine flaring and gas reinjection capability, and is expected to achieve first oil in 2028. Suriname to outpace Guyana in 2025 exploration activity – WoodMac | OilNOW  Ramos said additional opportunities are expected from exploration and appraisal drilling, seismic campaigns, and potential floating LNG developments offshore Suriname.  “Exploration activities are really important there at the moment,” he said. He described the region as having “challenging waters”, but added that it represents a major new play test for Suriname.  He said EIC continues to track contractual activity across both countries to support companies seeking entry into the Guyana Suriname offshore market. The webinar was hosted by EIC and featured representatives from Subsea7 and Aberdeen International Associates. It targeted companies seeking contracts, partnerships, and supply chain opportunities in Guyana and Suriname’s expanding offshore sectors. SOURCE: https://oilnow.gy/news/eic-flags-pipeline-of-offshore-contracts-as-guyana-and-suriname-projects-move-toward-fid/

GranMorgu subsea scope more than double Yellowtail
GranMorgu subsea scope more than double Yellowtail – Subsea7 Country Manager says
Categories
Geology, Oil & Gas, Operations

The subsea scope for TotalEnergies’ GranMorgu development offshore Suriname is more than twice the size of ExxonMobil’s Yellowtail project in Guyana, according to the Guyana and Suriname Country Manager of Subsea7, Michael Gow. The comparison was made during a recent webinar hosted by the Energy Industries Council, where the executive outlined differences in pipeline length, equipment count, and water depth between the two developments. Yellowtail, ExxonMobil’s fourth oil development in the Stabroek Block, is already producing. It requires a smaller subsea build-out relative to GranMorgu. “Yellowtail has 105 kilometers of pipe,” he said. “Yellowtail has 34 pieces of…major subsea average equipment.” GranMorgu, which TotalEnergies is developing in Suriname’s Block 58, has a substantially larger subsea footprint. “GranMorgu has nearly 50 pieces of equipment to install,” he said. “Two hundred and twenty (220) kilometers of pipe. It’s a big project.” He said GranMorgu also introduces added technical complexity because the development stretches from shallow water into deepwater areas. “So Total[Energies] has to bring in shallow water bar drilling rigs as well as the deepwater [rig],” he noted. GranMorgu is Suriname’s first offshore oil development and is designed as a standalone project centered on a floating production, storage and offloading vessel. The project is expected to develop resources discovered in Block 58, where multiple finds were made by TotalEnergies and partner Apache Corporation.  According to the Subsea7 executive, appraisal drilling played a decisive role in expanding the project’s scope and supporting the final investment decision (FID). “As they were drilling, they found that the field extended out,” he said. “That extension is what put them over the top for their FID.” Subsea7 is active in both Guyana and Suriname and is involved in subsea installation campaigns tied to major deepwater developments in the region. The Energy Industries Council said it will host a trade mission from May 11–15, 2026, focused on Guyana and Suriname, aimed at giving companies direct access to local players, networking opportunities, and market briefings for the energy sector. Sorce: https://oilnow.gy/news/granmorgu-subsea-scope-more-than-double-yellowtail-subsea7-country-manager-says/

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  • Oil refinery could give Guyana greater control over supply shocks; feasibility, strategic reserve worth reexamining — VEHSI Director March 25, 2026
    Director of Vreed-en-Hoop Shorebase Inc. (VEHSI), Nicholas Deygoo-Boyer, says Guyana may need to revisit the feasibility of building an oil refinery or establishing a larger strategic reserve of refined products as the country’s oil sector expands. He made the remarks on the oil and gas edition of the Starting Point podcast on March 22, while […]
  • ENVEXX 2026 – Programme Released March 11, 2026
    ENVEXX 2026 | International Energy Deal Making Conference Strategic Market Intelligence. Regional Focus. Direct Commercial Engagement. ENVEXX 2026 presents a comprehensive two-day programme designed to connect National Oil Companies (NOCs), prospectors, investors and senior decision-makers through structured keynote sessions and dedicated opportunity forums. Taking place on 24–25 March 2026 in London, this truly international event, with […]
  • Jumbo Offshore Wraps Up Errea Wittu FPSO Mooring Pre-Lay in Guyana February 25, 2026
    Jumbo Offshore has completed mooring pre-installation activities for the Errea Wittu floating production, storage and offloading (FPSO) unit at ExxonMobil Guyana’s Uaru Field in the Stabroek Block offshore Guyana. The work, carried out on behalf of MODEC, included installation of suction anchors and the pre-lay of mooring lines in preparation for FPSO hook-up. Jumbo Offshore […]
  • Exxon likely to file for second Guyana gas project within weeks; says full value chain is key – Routledge February 18, 2026
    President of ExxonMobil Guyana, Alistair Routledge, says the company anticipates submitting environmental and project authorization requests for its second gas development within weeks, as it advances plans to build out a full gas value chain. Routledge made the disclosure on day two of the Guyana Energy Conference and Supply Chain Expo at the Guyana Marriott […]
  • EIC flags pipeline of offshore contracts as Guyana and Suriname projects move toward FID February 11, 2026
    The Energy Industries Council (EIC) said a growing pipeline of offshore contracts is emerging in Guyana and Suriname as multiple projects advance toward final investment decisions, creating near-term opportunities for the global energy supply chain. The update was provided by Lucas Ramos, Lead Energy Analyst at the Energy Industries Council, during a recent EIC webinar […]