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Big oil not yet out for the count, says Platts in new analysis

OilNOW -
(S&P Global Platts) Global oil and gas producers, facing a pummeling from environmental activists and shareholders, can rely at least for a while on persistent oil demand and a need for their expertize and scale, even as pressure increases...
Exploration

Mid-Atlantic Oil & Gas plugs GY$10 million into Guyana flood relief efforts

OilNOW -
Heavy rainfall continues to affect regions across Guyana with severe flooding in several communities. Relief efforts have been ongoing in the areas affected and this is expected to continue in the coming days. Mid Atlantic Oil & Gas Inc. donated...
News

Guyana regulators internationally trained to measure crude lifts

OilNOW -
Guyana’s multi-billion-barrel hydrocarbon discoveries and the start of oil production operations have seen institutions playing catch up to monitor and regulate a sector that was practically non-existent prior to the 2015 world class Liza oil strike by ExxonMobil. Key to...
News

CNOOC enjoying rare success on global stage with Guyana oil finds

OilNOW -
China National Offshore Oil Corporation (CNOOC), one of the largest National Oil Companies (NOC) in China, is enjoying rare success on the global stage, with a 25% stake in the multi-billion-barrel Stabroek Block offshore Guyana. The NOC has interest in...
News

“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

OilNOW -
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...
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President Ali wants Guyana’s private sector to form supply vessel group for offshore assignments

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore...

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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