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Exxon hires second tug from KOTUG to support Liza field production facilities

OilNOW -
ExxonMobil Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has contracted a second tug from towage and maritime company, KOTUG, to support operations in the Liza field, KOTUG said. The “SD Power”, which has been in use offshore Guyana...
News

Stabroek Block one of the most unprecedented exploration blocks of all time – Rystad official

OilNOW -
Guyana’s exploration successes have been so frequent that the Stabroek Block is being hailed as one of the most unprecedented exploration blocks of all time. Making this comment most recently was Senior Vice President and Head of Latin America and...
Exploration

Repsol hits water-bearing targets at Guyana well

OilNOW -
Drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. The Noble Regina Allen rig drilled...
News

‘One Guyana’ FPSO takes SBM Offshore’s order book to record US$31.1B – CEO

OilNOW -
SBM Offshore’s order book hiked to a record-breaking US$31.1 billion when it secured the contract to construct the massive ‘One Guyana’ floater for ExxonMobil’s Yellowtail development. This much was told to shareholders by SBM Offshore’s Chief Executive Officer (CEO) Bruno...
News

Saipem snags €300M contract to install new offshore gas pipeline in Europe

OilNOW -
A €300 million contract has been awarded to Saipem for work on an offshore gas pipeline in Sicily, Italy. Saipem’s new deal came from Enimed, a subsidiary of Eni – one of the seven supermajors. The Italian engineering and services...
Exploration

Westwood names Guyana, Namibia among high-impact exploration successes

OilNOW -
Energy market research and intelligence firm, Westwood Global Energy, has named Guyana and Namibia among oil exploration and production jurisdictions where high impact exploration has proven successful. “38 high-impact exploration wells were drilled in the first half of 2022, similar...
News

City Chamber calls on regulators to examine contract bundling practices in oil & gas sector

OilNOW -
The Georgetown Chamber of Commerce & Industry (GCCI) is calling on Guyana’s Local Content Secretariat to delve into “contract bundling” practices being executed by a number of companies in the oil and gas industry, making it clear that it will not support such...
News

Norway energy research company set to present report on Guyana’s O&G sector in Georgetown

OilNOW -
Rystad Energy, an independent energy research and business intelligence firm based in Norway, will present a white paper on Guyana to the business community and students from the University of Guyana. The white paper is called Guyana Upstream. It is...
News

Between reliable energy and reduced emissions, Exxon working to deliver best of both worlds

OilNOW -
Given its well-advantaged assets in Guyana and the United States along with its work in Carbon Capture and Storage (CCS), ExxonMobil Corporation believes society should not have to choose between reliable, affordable energy and reduced greenhouse gas emissions. According to...
News

Guyana is a “phenomenal province” with “excellent returns” – Hess

OilNOW -
With the world facing a confluence of economic pressures stemming from the war between Russia and Ukraine, Hess Corporation has assured that resulting inflation is being monitored carefully. During its Q2 earnings call on Wednesday, Chief Financial Officer (CFO)...
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Staatsolie seals offshore deals with PETRONAS, Chevron for Suriname’s Blocks 9 and 10

Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P...

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