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Stena rig departing prolific Stabroek Block for routine maintenance in T&T

OilNOW -
The Stena Carron Drillship, a key player in the offshore oil exploration operations at Guyana's Stabroek Block, will be heading to neighbouring Trinidad and Tobago for routine maintenance before returning to the ExxonMobil-operated acreage. The vessel has been playing...
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SBM Offshore Guyana advancing HSSE through multiple awareness programmes

OilNOW -
Over the last several years, safety has become a key topic in the local business sector, with the movement to improve and advance Health, Safety, Security and the Environment (HSSE) being propelled by the oil and gas industry. SBM...
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New oil bill to be tabled in Parliament on August 3 – Jagdeo

OilNOW -
Guyana's Vice President, Dr. Bharrat Jagdeo, has announced that the country's new Petroleum Activities Bill will be presented to Parliament on August 3, 2023. The proposed legislation is set to establish a contemporary regulatory framework for the country's rapidly...
News

Payara project will hit 220,000 bpd around five months after first oil

OilNOW -
Guyana’s third oil development, Payara, is expected to see a ramp-up to 220,000 barrels of oil per day (bpd) within a five-month period after production gets underway, says Chief Operating Officer (COO) of Hess Corporation, Greg Hill. During the company’s...
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SLB and Eni’s Enivibes to deploy e-vpms® for global pipeline monitoring

OilNOW -
SLB and energy giant Eni, through its subsidiary Enivibes, have forged an alliance to roll out e-vpms® (Eni Vibroacoustic Pipeline Monitoring System) technology worldwide. This state-of-the-art vibroacoustic wave detection system is purposed to provide real-time analysis, monitoring, and leak...
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Exxon confirms Guyana production to hit 600,000 barrels-a-day next year

OilNOW -
Come 2024, Guyana’s daily production is set to ramp up to 600,000 barrels of oil per day. This was recently confirmed by ExxonMobil Guyana's Production Manager, Mike Ryan.  On the latest episode of Access ExxonMobil Guyana, Ryan shared that this...
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Multiple new discoveries made in Guyana, but Hess says no update yet on new resource estimate

Shikema Dey -
Chief Executive Officer (CEO) of Hess Corporation, John Hess was asked by Doug Leggate from Bank of America on Wednesday when an update to the reserve estimate can be expected for the Stabroek Block. Hess has a 30% stake...
News

Guyanese company to build wharf at Land of Canaan, near Baker Hughes’ Supercenter

OilNOW -
JOP Property Holdings Inc., a Guyanese company, is set to construct a wharf at Land of Canaan, near Baker Hughes' Supercenter. With a capital investment of US$25 million, the facility will add to the growing industrial and commercial development...
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Guyana moves oil blocks bid submission deadline to September 12, 2023

OilNOW -
The Ministry of Natural Resources has extended the deadline for bid submissions in the Guyana 2022 Offshore Licensing Round to September 12, 2023.  The government is working to pass into law, its Petroleum Activities Bill 2023, which will establish a...
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Guyana oil barrels help Hess offset low prices as profits settle at US$119M

OilNOW -
American oil producer, Hess Corporation reported on Wednesday that it made a net income of US$119 million, or US$0.39 per share, in the second quarter of 2023. This represents a significant dip in revenues when compared with net income...
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ExplorationShikema Dey -

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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