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Guyana emerging as oil producing giant in the Americas as output soars

OilNOW -
The International Energy Agency (IEA) anticipates that global oil markets will remain "comfortable" throughout 2024, buoyed by burgeoning production from key regions including the Americas, notably Guyana, which is expected to contribute significantly to meeting global oil demand. The South...
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Cyprus: Eni sees potential for 150 million cubic feet a day from Cronos gas discovery

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A production test by Eni offshore Cyprus has allowed the company to estimate gas production capacity of over 150 million standard cubic feet per day, it said in a Feb. 15 update. The test was part of the Cronos-2...
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TotalEnergies looking to Exxon’s Guyana model for cost-saving measures

Shikema Dey -
As TotalEnergies plans its first offshore development in Suriname’s Block 58, it is taking a page out of ExxonMobil’s book with its cost-saving operations in the prolific Stabroek Block offshore Guyana.  “With Suriname, we are trying to work on an...
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DeepOcean secures contract with ExxonMobil Guyana for subsea services

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Ocean services provider DeepOcean has clinched a contract from ExxonMobil Guyana, marking its foray into the South American country's market and its first major collaboration with Exxon in the Americas. The contract entails the provision of subsea construction and...
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Venezuela’s military posture does not conform with its diplomatic stance – Todd

OilNOW -
Guyana and Venezuela recently pledged peace with the Arygle agreement. But recent satellite images surfaced showing an increased military presence by Venezuela, close to the shared border.  “This is not the first time Venezuela has adopted a military posture that...
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SBM Offshore launches second annual Guyana-Monaco Mousetrap Car Grand Prix

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SBM Offshore has officially initiated the second Guyana-Monaco Mousetrap Car Grand Prix 2024, inviting secondary schools in Guyana to participate in the unique international competition with the support of the Ministry of Education. According to a release from SBM Offshore...
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High cost of power drives investors away, says business group in most vigorous push yet for Gas-to-Energy project

OilNOW -
Senior Vice President of the Georgetown Chamber of Commerce and Industry (GCCI), Richard Rambarran, said seven out of every 10 investors who interact with the Chamber, end up postponing their investment decisions in Guyana, deterred by the country's persistent...
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Trinidad says two vessels involved in oil spill were bound for Guyana

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Trinidad and Tobago’s Coast Guard (TTCG) confirmed today that not one, but two vessels - a tug and barge - were involved in the oil spill it is currently battling. “Even as investigations are continuing, video footage and other information,...
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Berbice region to be central hub for gas supporting infrastructure – Pres. Ali

OilNOW -
As Guyana builds out its gas industry, President Irfaan Ali sees the Berbice region playing an integral role in its development.  According to the President, Berbice is set to become a hub for “gas-supporting infrastructure.”  “A mall, hospital, industries and, of...
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ExxonMobil’s Liza projects cop excellence award

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ExxonMobil's Liza projects have been honored with the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award, recognizing outstanding achievements in executing oil and gas projects.  The award, presented during the 2024 IPTC in Dhahran, Nepal, highlighted the company's...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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