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“Energy is life” says Total’s CEO Patrick Pouyanné as company adopts new identity

OilNOW -
At the Ordinary and Extraordinary Shareholders’ Meeting held on May 28, shareholders approved, almost unanimously, a resolution for Total’s name to change to TotalEnergies. The French oil major said the name change anchors its strategic transformation into a broad...
News

Hess anticipates expeditious approval for Yellowtail

OilNOW -
Stabroek Block co-venturer Hess Corporation says the application for its fourth development offshore Guyana at Yellowtail is going through an evaluation process that is expected to conclude before the end of the year with approval from the Guyana government....
News

Production capacity for Guyana floaters can increase 10-15%

OilNOW -
Chief Operating Officer (COO) for Hess Corporation, Greg Hill, recently disclosed that the Liza Destiny FPSO could be producing as much as 150,000 barrels of oil per day come 2022. The Hess official made this disclosure during his participation...
News

Crondall awarded Technical Consultant role for Liza Unity FPSO

OilNOW -
Crondall Energy Consultants Ltd will be supporting MUFG Bank Ltd as Lenders’ Technical Consultant for the Liza Unity FPSO project financing. The engineering, procurement, construction, and installation (EPCI) project is being undertaken by SBM Offshore for ExxonMobil’s second phase...
News

Exxon holds public consultations for Yellowtail, 2022 targeted for FID

OilNOW -
ExxonMobil Guyana held public consultations for the Yellowtail development on Thursday where it confirmed that 2022 is being targeted for final investment decision on the project that is set to catapult the country’s total oil production to more than...
News

Guyana examining oil fund models used by Norway, Kazakhstan – President Ali

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President of Guyana, Dr Mohamed Irfaan Ali recently revealed that the Norwegian and Kazakhstani oil fund models are amongst some of the frameworks being examined to inform the new version of Guyana’s Natural Resource Fund (NRF). The Head of State...
News

Canadian oil and gas association pressing for deal to be reached on FPSO project responsible for thousands of jobs

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The Newfoundland and Labrador Oil and Gas Industries Association (Noia) is urging stakeholders to reach a deal on the Terra Nova FPSO project before a June 15 deadline expires. In a press release Noia said during a recent call with...
News

Total offshore operations in Suriname powered by Staatsolie Ultra Low Sulfur Diesel

OilNOW -
French multinational oil and gas company Total is powering its operations offshore Suriname with fuel supplied by state oil company Staatsolie. Total, operator at Block 58, has made 4 discoveries at the 1.4-million-acre block, along with partner Apache. “As of...
Exploration

Emerging play options shrinking, Guyana & Suriname account for over 50% this year

OilNOW -
Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over 10 billion barrels of oil equivalent resources have been discovered since 2015. According to Westwood Global...
News

IEA’s call for no new oil investments not prescriptive, says Guyana’s Vice President

OilNOW -
Even though the International Energy Agency (IEA)’s bombshell report advised that no new investments are needed in fossil fuels if the world is to reach net-zero by 2050, Guyana’s Vice President, Dr. Bharrat Jagdeo is urging stakeholders to remember...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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