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Guyana about to sign oil & gas MoU with India government

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo is preparing to sign a memorandum of understanding (MoU) with the government of India. According to Guyana’s Department of Public Information (DPI), the MoU is meant to foster cooperation in the oil and gas...
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bp progress concept for Greater Tortue Ahmeyim Phase 2

OilNOW -
bp and partners today confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project that they will take forward to the next stage of evaluation. The partnership – composed of...
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Dutch FPSO builder focusing efforts on Guyana, Brazil markets

OilNOW -
Guyana and Brazil remain key to Dutch floater specialist, SBM Offshore. The company in its 2022 Annual Report outlined that it is taking a “disciplined and selective” approach to market opportunities, focusing on the main floating, production, storage and offloading...
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Guyana has almost no debt, generating Asian levels investment – AMI

OilNOW -
Americas Market Intelligence (AMI) has ranked Guyana #1 in its Latin America 2023 Outlook: The Good, The Bad and The Ugly. Guyana’s neighbours Venezuela and Trinidad and Tobago scored so low that they were categorised among The Ugly. Among the...
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UK, Norway drilling to rebound in 2023 – Westwood

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Last year was rocky for oil and gas development in the United Kingdom ((UK) and Norway because of the Russian war on Ukraine. But Westwood Global Energy Group anticipates an optimistic outlook for 2023. And already, Westwood says the UK...
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What drives Guyana’s energy policy? Not the crazies, says Jagdeo

Kemol King -
There are lots of prominent voices contributing to discourse about the development of Guyana’s petroleum sector, some often extreme. But Vice President Dr. Bharrat Jagdeo wants the industry to know that extremity does not drive Guyana’s energy policy. “Our country...
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Two-thirds of Guyana offshore development costs pumped into wells, subsea infrastructure – Routledge

OilNOW -
ExxonMobil’s projects in Guyana’s Stabroek Block carry hefty prices. Its fifth – Uaru – carries the highest thus far: US$12.683 billion, since it will be the biggest offshore development, rivalling neighbouring Brazil. These projects require massive floating, production, storage and offloading...
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SBM Offshore on track to meet FPSO delivery deadlines despite pandemic

OilNOW -
In an update on its new build activities, Dutch contractor SBM Offshore said it remains on track to deliver its floating production, storage and offloading (FPSO) vessels by agreed-upon deadlines. This is in spite of setbacks from the COVID-19 pandemic...
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Technology at core of Exxon’s deepwater operations in Guyana – Upstream President

OilNOW -
Technology is a major facet in oil and gas development and remains an integral part of ExxonMobil’s deepwater operations in Guyana’s offshore Stabroek Block. Liam Mallon, President, ExxonMobil Upstream Company attested to this during an exclusive interview with OilNOW. “…at the...
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Exxon impact studies cater for higher production at projects offshore Guyana

OilNOW -
ExxonMobil's projects offshore Guyana are guided by environmental impact assessments (EIA) which consider the potential impacts of oil production beyond the design capacity.  These EIAs form part of the pool of documents which are reviewed and approved by regulators, before...
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Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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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