Thursday, October 28, 2021

Exploration

SBM proud to be building FPSO for Liza development, production in Guyana

SBM Offshore, the company awarded contracts for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana, is excited to be undertaking this project that would help catapult the South American country into...

Hess to plug US$475M into Stabroek block offshore Guyana this year

Hess Corporation will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of Guyana this year. The now world-famous oil field is home to the Liza and other...

Exxon to carry out exploratory work in newly acquired Kaieteur block, drilling to begin at Liza-4 well

US oil major ExxonMobil will soon begin preliminary exploration work in the Kaieteur block, an area adjacent to the Stabroek block offshore Guyana, which the company recently acquired. Drilling will also commence at the Liza-4 well in the eastern...

Exxon forges ahead with plans for second FPSO in Guyana

Plans are moving forward by ExxonMobil for the installation of another Floating Production, Storage and Offloading (FPSO) vessel in Guyana. Upstream reports that this second vessel will be bigger than the first, and is earmarked for the Liza development,...

The world needs a stable oil market

The following statement was made by Tord André Lien in December last year, when he was Norway’s Minister of Petroleum and Energy. The global use of oil is increasing. Soon oil demand will surpass the 100 million barrel per day....

Oil Finds: We must get it right from the beginning

Oil, an indispensable factor in numerous economies, account for about 2.5 percent of the world’s Gross Domestic Product (GDP). According to Forbes online, it accounts for one-third of the primary supply for the world’s population, and if natural gas...

FLASHBACK: Repsol months away from restarting drill operations in Guyana

First published on NEWSNOW April 11, 2013. Spanish oil and gas company, Repsol could be months away from resuming drill operations offshore Guyana following the finalization of a new agreement with authorities. An official at the country’s Ministry of Natural Resources and...

Expert says putting safety first in oil production is key

While laying the foundation to realize its fortunes and becoming a hemispheric leader in the oil and gas industry, Guyana has also been listening keenly to the advice coming from experts in the field. Billy Joe Pellegrin, the Corporate Quality...

Oil Finds: Guyana’s PM says country guarding against “sleaze, malfeasance”

The Guyana government is forging ahead to establish laws and the essential framework necessary to ensure transparency and accountability at all levels within the emerging oil and gas sector. The country’s Prime Minister, Moses Nagamootoo, recently outlined ongoing initiatives, which...

Former Alberta Premier urges full transparency in Guyana’s oil & gas industry

During the recent inaugural Oil and Gas Conference and Exposition hosted by the Guyana Oil and Gas Association (GOGA), held at the Guyana Marriott Hotel in Georgetown, (March 26-28, 2017) participants (including various stakeholder groups and Government Officials) were...

Latest News

Hess says Yellowtail is one of the world’s best projects

When one considers the low breakeven cost of the Yellowtail project despite projected inflationary pressures, it still emerges as...