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Exxon’s 5th development to create over 1,500 jobs in Guyana

OilNOW -
The Uaru Development Project, for which ExxonMobil is currently seeking environmental authorisation from the Environmental Protection Agency (EPA) in Guyana, could create up to 1,540 jobs, preliminary estimates indicate. The workforce levels are disaggregated across the life cycle of the project. According to...
Exploration

Appraisal drilling underway at Tripletail-2

OilNOW -
Appraisal drilling is underway at the Tripletail-2 well in Stabroek Block, as oil major ExxonMobil continues to assess discoveries and expands operations offshore Guyana. According to the Maritime Administration Department (MARAD), the Stena Carron will be used for the campaign....
News

Leader of South America’s largest oil-producing nation for Guyana visit

OilNOW -
President of the Brazilian Republic, Jair Bolsonaro is set to visit Guyana on Friday, May 6, to strengthen relations between Guyana and Brazil. President Dr. Mohamed Irfaan Ali had said that Guyana should improve its relationship with its Portuguese-speaking neighbour. Brazil...
News

Exxon’s 5th project could produce up to 275,000 bpd, with first oil as early as 2026

OilNOW -
ExxonMobil’s fifth proposed development offshore Guyana could produce as much as 275,000 barrels of oil per day (bpd) and could achieve first oil as early as the fourth quarter of 2026, according to the project summary seen by OilNOW. Guyana’s...
News

TechnipFMC bags new contract for Exxon’s US$10B Yellowtail project

OilNOW -
French American conglomerate, TechnipFMC has been awarded a fresh contract by ExxonMobil Guyana for its fourth development in the Stabroek Block – Yellowtail. The contract, worth between US$75 million and US$250 million, according to TechnipFMC, covers the supply of six flexible risers qualified to withstand...
News

Public consultations on Guyana’s landmark gas-to-energy project to begin May 9

OilNOW -
The public will soon get better insight into Guyana’s landmark gas-to-energy project as ExxonMobil is set to commence face-to-face consultations on Monday, May 9 in the South American country. In a public notice, ExxonMobil said it has already submitted to...
Exploration

Sea-bob and Kiru-Kiru are next targets in major 12 well Stabroek Block campaign

OilNOW -
Hess Corporation’s Chief Operating Officer (COO) Greg Hill recently disclosed that upcoming wells in the second quarter for the Stabroek Block will include Sea-bob, targeting the Campanian reservoirs, located 10 miles south of the Yellowtail field. Kiru-Kiru is also...
News

Hess spent US$580M in first quarter for exploration, production works

OilNOW -
For the first quarter of 2022, Hess Corporation said its exploration and production expenditures totaled US$580 million compared with US$309 million in the prior quarter, primarily due to higher drilling and development activities in Guyana, the Bakken, and Malaysia. It...
Opinions

The implementation deficit and regional food import bill

OilNOW -
Dr. H Arlington D Chesney – OilNOW Recently, there have been a number of political pronouncements on the urgent need to reduce the regional Food Import Bill. In 2019, Barbados’ Prime Minister, Mia Mottley, directly linked the revival of the Caricom...
News

Guyana is ‘Gateway to Opportunities’ at biggest oil and gas conference in the world

OilNOW -
The Guyana government said on Monday that it is the highlight of the Offshore Technology Conference once again, after opening its booth at the NRG Park, in Houston, Texas on Monday. “With the facilitating efforts of the Guyana Office for...
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Latest News

NewsShikema Dey -

Oil production begins at ExxonMobil’s fourth mega-project offshore Guyana

Oil production has started at ExxonMobil's Yellowtail Development offshore Guyana, making it the fourth mega-project to startup in just...

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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