WITH rapidly growing oil production, Guyana is on the verge of becoming the world’s largest oil producer per capita, ...

MUR's unit acquires an FPSO in the Gulf of America, which will assist its future expansion of offshore production in the region.

He said that the vessel approached various oil and gas assets including FPSO Prosperity. The vessel later moved in the direction of other FPSOs. Ali said that Guyana has already alerted its ...

Argyle Agreement President Irfaan Ali says that he will not be meeting with Venezuela’s President Nicolas Maduro given ...

Guyana’s Ministry of Foreign Affairs and International Cooperation, noted that the country has informed the Court that the planned Venezuelan elections are ...

The acquisition of FPSOs provides additional advantages to the oil and gas operators, and that has prompted ExxonMobil XOM to acquire a FPSO vessel, Prosperity, from SBM Offshore in 2024 for $1.23 ...

He reiterated that Guyana’s assets, including the FPSO Prosperity, are lawfully operating within the country’s EEZ. It was also reported that the Venezuelan patrol vessel transmitted a radio ...

Guyanese President Irfaan Ali said on Saturday that a Venezuelan coast guard patrol entered Guyanese waters earlier in the day, approaching an output vessel in an offshore oil block managed by Exxon ...

During this incursion, the Venezuelan vessel approached various assets in our exclusive waters including FPSO Prosperity…our assets and FPSO Prosperity are operating lawfully within Guyana’s ...

ExxonMobil late last year completed the $1 billion-plus purchase of the Prosperity FPSO from Dutch floating production specialist SBM Offshore, which will continue operating and maintaining the ...