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Exxon confident in performance of gas compressor on new Guyana FPSO

OilNOW -
Guyana’s largest floating production storage and offloading (FPSO) vessel arrived offshore this week for oil production activities at the ExxonMobil-operated Stabroek Block. The U.S. oil major says it is confident that the equipment on the SBM Offshore built and...
News

Climate change: President Ali implores UN to act with urgency to protect humanity

OilNOW -
Guyana’s Head of State, Dr. Mohamed Irfaan Ali has once again issued a clarion call to the United Nations General (UN) Assembly to act now and limit global emissions to 1.5 degrees Celsius if the world wishes to avoid...
Exploration

Liza Unity FPSO to develop approximately 600 million barrels of oil – ExxonMobil

OilNOW -
With the arrival of Liza Unity floating, production, storage and offloading (FPSO) unit, Guyana’s oil production is expected to triple by 2022 as the vessel is set to develop approximately 600 million barrels of oil. ExxonMobil Guyana in a statement...
News

Giant Liza Unity FPSO sails into Guyana waters

OilNOW -
Guyana’s Ministry of Natural Resources announced on Tuesday the arrival of the Liza Unity floating, production, storage, and offloading (FPSO) vessel in the Stabroek Block offshore Guyana. The Ministry said the vessel arrived in Guyanese waters after traveling for approximately...
News

French manufacturer wants to be strategic supplier for Guyana projects, inks deal with Exxon

OilNOW -
French multinational manufacturing company Vallourec said Tuesday it has signed a 10-year frame agreement with ExxonMobil Guyana to supply line pipe products for its offshore operations in the new oil producing South American country. The agreement enables long-term line pipe supply...
News

Yellowtail targeting up to 67 development wells

OilNOW -
The Yellowtail and Redtail fields will be developed with approximately 41 to 67 development wells drilled from six drill centers, each with separate production, gas re-injection, and water injection manifolds. According to the preliminary field layout for the Project...
News

Price of fuel goes up in Brazil amid international surge in crude oil

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(MercoPress) Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at...
News

Exxon, YCG partnership facilitating training, mentorship for youths

OilNOW -
Youth Challenge Guyana (YCG) said on Monday its long-standing partnership with ExxonMobil Guyana continues and will see another group of young men and boys from South Turkeyen and surrounding communities benefitting from technical training and mentorship. Last year’s programme was...
News

Rapidly growing Guyanese logistics company credits success to emerging oil industry

OilNOW -
Guyana Logistics and Support Services (GLASS) Incorporated was established in 2011 and serviced the mining industry for some time. However, the business experienced some ‘dormant years,’ according to the company’s Human Resources and Manpower Services Manager, Romona Rahat, who...
News

ExxonMobil projects have pumped more than $87.2 billion into local economy – Report

OilNOW -
While ExxonMobil’s GY$1.8 trillion Yellowtail project is poised to generate significant revenue flows for Guyana, previously sanctioned projects have already pumped billions of dollars into the local economy while enhancing the country’s upstream petroleum industry. According to the Yellowtail Environmental...
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Economist says Venezuela’s suspension of gas deals could be a ‘blessing in disguise’ for Trinidad

Trinidad and Tobago economist Dr. Justin Ram believes Venezuela’s decision to suspend its gas deals with the Caribbean country...

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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