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Oil production begins at largest deepwater field in the world

OilNOW -
Petrobras said it started production with the Almirante Barroso floating production, storage and offloading (FPSO) platform on May 31, in the Búzios field, offshore Brazil. The start-up adds 150,000 bpd of oil output and 6 million cubic metres (m³) of...
Exploration

Equinor wildcat well fails to deliver pay

OilNOW -
Equinor Energy AS, operator of production licence 923, has concluded the drilling of wildcat well 31/2-23 S, the Norwegian Petroleum Directorate said on Thursday. The well was drilled about 3 kilometres west of the Troll field in the North Sea and about...
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G-Boats’ newest tugs were named by Guyanese students

OilNOW -
Exxon is continuing to build support for its petroleum operations offshore Guyana, with the recent addition of two state-of-the-art tugs. These impressive vessels, named MV Kalina and A’Rinra, will play a crucial role in guiding oil tankers at the...
News

Guyanese-Italian JV wins contract to lay onshore aspect of Gas-to-Energy pipeline

Kemol King -
The final major contract for the development of the Gas-to-Energy project has been awarded, for the onshore pipeline. A joint venture of the Guyanese company, GAICO Construction and General Services Inc., and the Italian company, SICIM, secured this work...
News

EPA issues enforcement notice to Exxon as court deliberates on stay of execution

OilNOW -
Guyana’s Environmental Protection Agency (EPA) has served Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL) with a notice to provide an unlimited parent and/or affiliate company guarantee. This revelation was made on Wednesday by the EPA’s lawyer,...
News

Shell secures Stena Evolution for five years of US Gulf operations

OilNOW -
Stena Drilling said it has signed a new contract with Shell Offshore Inc. for the mobile offshore drilling unit (MODU) Stena Evolution.  The operations for Stena Evolution in the United States Gulf of Mexico are due to commence in Q2...
News

Guyana gov’t asks to join appeal case to oppose order for ‘unlimited’ guarantee

OilNOW -
Guyana’s Attorney General, Mohabir Anil Nandlall has applied to be a party to the court case concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of a spill. In this bid, Nandlall is warning...
News

Liza Phase Two production dips in second half of April

Kemol King -
Production guidance from Hess Corporation for the Stabroek Block indicates a reduction in 2023 Q2 compared to the prior quarter, as Exxon moves to execute maintenance on the Liza Phase 2 project.  Net production for Hess, a 30% stakeholder in...
News

bpTT achieves milestone in ‘Small Pools’ drilling campaign

OilNOW -
In a significant milestone for bpTT, the energy company has announced the successful completion of the first phase of its ambitious "small pools" drilling campaign. Launched in October 2022, the campaign focuses on accessing smaller gas accumulations near existing...
News

Update: Oil spill insurance appeal adjourned until Wednesday

OilNOW -
A new date of Wednesday, May 31 has been set for the hearing of an appeal on a Supreme Court ruling concerning financial assurance for ExxonMobil’s Stabroek Block operations.  The case came up in the Appellate Court on Monday, May...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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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