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U.S. Bank confirms US$526M loan to help Guyana slash 460,000 tonnes of emissions annually

OilNOW -
The Export-Import Bank of the United States (EXIM) confirmed that its Board approved a $526 million loan to Guyana in support of the country’s landmark Gas-to-Energy project.  The financing from the transaction will aid the construction of a natural gas...
Exploration

Exxon continues appraisal of Haimara gas discovery

OilNOW -
ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said the Stena Carron rig will be engaged in drilling at the Stabroek Block, with the operation set to conclude by...
News

Steam turbines, oil tanks in Guyana for Gas-to-Energy project

OilNOW -
US-based group Lindsayca-CH4 said two state-of-the-art steam turbines and two oil tanks arrived in Guyana on December 21, 2024.  The infrastructure, the group said, are critical components for the Gas-to-Energy project. “These assets have been safely transported and will be...
Guyana's Oil Ledger

Guyana sold 24 million barrels of crude in 11 months

Kemol King -
Guyana’s marketers secured deals totaling US$1.929 billion in revenue for the sale of approximately 24 million barrels of crude in the first 11 months of 2024. The crude—taken from Liza 1, Liza 2 and Payara—sold at an average of US$80...
News

Hull for Guyana’s Jaguar FPSO arrives at Singapore yard

OilNOW -
SBM Offshore said the multi-purpose floater (MPF) 5 has arrived at the Seatrium yard in Singapore. The hull is the base vessel for the Jaguar floating production, storage and offloading (FPSO) vessel bound for Guyana.  With the hull’s safe arrival...
News

T&T Energy Ministry to investigate rig collapse that left worker missing

OilNOW -
Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the Heritage Offshore East Field of Trinidad and Tobago on Sunday morning. T&T media is reporting that the rig collapsed. The Ministry of Energy...
News

ExxonMobil completes purchase of Destiny FPSO for US$535 million

OilNOW -
ExxonMobil Guyana has purchased the Liza Destiny floating production, storage and offloading (FPSO) vessel, SBM Offshore said in a December 19 release. The transaction comprised a total cash consideration of c. US$535 million. The net cash proceeds will primarily be...
News

Shearwater mobilizes Amazon Warrior for 3D survey offshore Suriname

OilNOW -
Norwegian marine geosciences company Shearwater is deploying its Amazon Warrior vessel for a 150-day, 6,042 sq km 3D seismic survey for Petronas in Suriname's offshore Blocks 63 and 52.  The operation will cover areas in the Suriname Basin, southeast of...
News

Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana

OilNOW -
With December 19, 2024, marking five years of oil production in Guyana, ExxonMobil said its deepwater projects are the “most successful” in the world. The company is hailing its first five years as a significant achievement underscoring the potential...
News

Vreed-en-Hoop shorebase completed ahead of Yellowtail start-up

OilNOW -
The US$300 million Vreed-en-Hoop Shorebase Inc. (VEHSI) project was completed in December. Guyana's President, Irfaan Ali, visited the facility on Wednesday afternoon, where he was informed about the project's development. Phases one, two and three, which currently occupy 44...
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SEOGS 2025: A new dawn for Suriname’s energy future

The Suriname Energy, Oil & Gas Summit and Exhibition (SEOGS) 2025 returns this week with its largest and most...

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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