Taken from OilNOW Guyana Shore Base Inc. (GYSBI) commissioned its heavy lift berths and “Commander in Chief” Crane on Friday at its Houston compound. Engineering Manager, Bhageshwar Murli, said the expansion cost US$25 million. The four berths form part of 1,400 feet of waterfront development, primarily outfitted to serve the offshore operations of ExxonMobil affiliate, […]
Taken from OilNOW Fangtooth is the reservoir that keeps on giving as Stabroek Block operator ExxonMobil hit pay once again, early this month. The announcement was made by its partner Hess Corp on Jan. 25. According to Hess, Exxon made a “significant” oil discovery at the Fangtooth SE-1 well, located approximately eight miles southeast of […]
Taken from OilNOW Building on its ISO 9001:2015 certification, GYSBI – Guyana’s largest shore base recently announced that it is now ISO 45001:2018 certified. ISO 45001 is an international standard that specifies the requirements for a management system for occupational health and safety (OHS). It gives organizations a framework for managing risks and opportunities to […]
Taken from OilNOW ExxonMobil and Stabroek Block co-venturers, Hess and CNOOC, marked 2022 with a slew of new discoveries. It has been described as the best exploration year in Guyana so far, with a total of nine discoveries announced at Stabroek and a historic find made at the Corentyne Block. Here’s a look back at […]
Taken from OilNOW The Guyana Shore Base Inc. (GYSBI) on Friday provided the Board of Industrial Training (BIT) with a financial contribution that will go towards the expansion and delivery of Technical and Vocational Education and Training (TVET). The cheque was received by the Minister of Labour, Joseph Hamilton, from GYSBI’s Human Resource Manager, Lilowtie Chintamani. The financial contribution […]
Taken from OilNOW ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds […]
Taken from OilNOW The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of Natural Resources. A Local Content Master Plan is a ‘development blueprint’ that is enforceable […]
Taken from OilNOW Guyana’s largest oil and gas port facility, Guyana Shore Base Inc. (GYSBI) has secured a US$10 million bridge loan from NCB Merchant Bank out of Trinidad and Tobago. With the bridge loan in hand, GYSBI now has the greenlight to secure further financing to advance its planned expansion, pegged somewhere around nine […]
Taken from OilNOW ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit pay in 2015 after making its first discovery at Liza 1. It is now 2022 and the company has made 33 discoveries amounting to approximately 11 billion barrels of oil equivalent resources. The […]
Taken from OilNOW Stabroek Block operator ExxonMobil and its partners have made a double discovery – now a total of seven discoveries for the year 2022. The discoveries were made at the Seabob and Kiru-Kiru wells, southeast of the Liza and Payara developments. The Seabob-1 well encountered approximately 131 feet (40 meters) of high-quality hydrocarbon-bearing […]