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Exxon produced 10.989 million barrels of oil offshore Guyana in September

Kemol King -
ExxonMobil’s Guyana projects, Liza Phases 1 and 2, produced 10.989 million barrels of crude for the month of September 2022. This averaged approximately 366,310 barrels of crude per day (bpd). In comparison, the total August production was 11.309 million barrels...
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Guyana investing millions in maritime space, processing several applications for port facilities

OilNOW -
The Guyana government has worked to transform the maritime sector to ensure it is prepared to operate in a modern economy. To this end, Public Works Minister, Bishop Juan Edghill, said multi-million-dollar investments have been made to monitor the...
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Excel Guyana expands with Marine and Offshore Services Division

OilNOW -
Local oil and gas consulting company – Excel Guyana – has expanded its portfolio with a new Marine and Offshore Services Division to be headed by Steve Sinanan, considered a veteran in the industry. This new addition, according to Excel’s...
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Exxon awards multi-million-dollar contract to DOF Subsea for work in Stabroek Block

OilNOW -
DOF Subsea has been awarded a NOK$2.7 billion (US$256.1 million) contract by ExxonMobil to execute works in Guyana’s offshore Stabroek Block where 11 billion barrels of oil-equivalent have already been discovered. DOF Subsea said the contract will last three years...
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Guyana to add 757 kW of solar energy in hinterland areas by year end

OilNOW -
By the end of this year, the Guyana Energy Agency (GEA) is expected to complete installations, adding up to 757 kilowatts (kW) of solar capacity in hinterland communities. The project forms part of the government’s aggressive push to expand renewable...
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US$5.4 billion mega port for Suriname; to feature LNG facility, shorebase and economic zone

OilNOW -
Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer, have teamed up to build a mega Deep-Water Port and Special Economic Zone – Port of Nickerie – in Suriname, with projected investment of approximately US$5.4 billion. With several oil...
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Government halts Ramps’ local content application pending outcome of criminal charges

OilNOW -
Head of the Local Content Secretariat, Martin Pertab, by way of an affidavit filed in court, revealed that the review of an application by Ramps Logistics Guyana for a Local Content Certificate has been halted. Pertab said this decision is...
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Noble Discoverer set to arrive in Guyana this weekend to drill CGX’s Wei-1 well

OilNOW -
CGX Resources Inc.’s Wei-1 well is expected to be spud later this month when the Noble Discoverer semi-submersible drilling rig arrives in Guyana on October 22. After the completion of a merger of Noble Corp. and Maersk Drilling on October...
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US$493M payout from Guyana’s third quarter oil sales, royalties gazetted

OilNOW -
In keeping with a transparency mandate outlined in the Natural Resource Fund Act 2021, the government of Guyana has published in its official gazette, the receipts of funds into the Natural Resource Fund. According to the data, the government received...
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TechnipFMC, Stena Drilling among 11 more companies to have local content master plans approved

OilNOW -
Eleven major oil and gas support service providers including TechnipFMC and Stena Drilling received the stamp of approval from the Local Content Secretariat for their five-year Master Plans. On October 19, the Minister of Natural Resources, Vickram Bharrat, met with...
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NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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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