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Payment for 6th oil export pushes revenue past US$344 million

OilNOW -
The Guyana government announced on Friday that the payment for the country’s sixth oil lift was deposited into the Natural Resources Fund Account, pushing the total revenues received so far to over US$344 million. According to a statement from the...
News

Liza crude heading to China, Netherlands

OilNOW -
Most of the exports of Guyana’s Liza Crude were shipped to Asia, especially China, and the U.S. last year, data from Kpler shows. However, according to Platts, since late last year, more of the shipments went to Panama, although...
News

Exxon faring better than peers with addition of big Guyana volumes

OilNOW -
Norway consultancy group Rystad Energy says new discovered volumes – a measurement of a company’s exploration performance – illustrates the daunting challenge faced by oil majors to maintain their reserves base and supply existing customers. The U.S oil major’s proven...
News

Bourbon Rhesos arrives in Guyana for deepwater operations

OilNOW -
France-based marine services provider, Bourbon Offshore, has mobilized yet another vessel for operations in South America’s newest oil producing nation. “After a safe and successful voyage from Las Palmas, the AHT Bourbon Rhesos has arrived alongside at Georgetown ready to...
News

Pressures around climate change, energy transition impacting big oil: WoodMac analysis

OilNOW -
Ed Crooks - Vice-Chair, Americas at Wood Mackenzie The events of 26 May 2021 look like a defining moment for the oil and gas industry. In the space of a few hours, three decisions crystallised trends that had been building...
News

Exxon’s 5th FPSO for Guyana could target development in area east of Liza complex

OilNOW -
ExxonMobil’s 5th development offshore Guyana could be targeting wells in an area east of the Liza complex where quality reservoirs have been confirmed, the oil major said on Wednesday. “The Mako-2 evaluation well confirmed the quality, thickness and areal extent...
News

Total selects Yinson for pre-FEED work on first Suriname FPSO

OilNOW -
Yinson has been selected by Total to perform preliminary Front-End Engineering Design (pre-FEED) for two FPSO projects; one to be installed in Block 58 in Suriname and the other at Block 20/21 in Angola. “The Angola project will be installed...
Exploration

Koebi-1 fails to deliver commercial crude, but Stabroek bonanza grows

OilNOW -
The success rate at the Stabroek Block offshore Guyana remains unprecedented with significant hydrocarbon resources being found over the last year at previously announced discoveries. Even with disappointment at some of the wells, the overall oil strikes remain on...
News

Private sector must form consortia to meet unprecedented scale of investments – Guyana President

OilNOW -
President of Guyana, Dr. Irfaan Ali is urging local private sector players to up their game and form consortia to meet the growing needs of Guyana's oil-driven economy. He made the appeal during an address at the launch of Saipem's...
News

Exxon strikes oil at Longtail-3 in new Guyana discovery

OilNOW -
ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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