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Exxon says it is in full compliance with Liza Phase 1 environmental permit

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ExxonMobil Guyana said on Wednesday it remains in full compliance with the environmental permit that was issued by the Environmental Protection Agency for oil production operations at the Liza Phase 1 Development offshore the South American country. On Wednesday, former...
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No linkage between compressor issue, production optimization – ExxonMobil

OilNOW -
German engineering company MAN Energy Solutions says there is no linkage between technical issues encountered with the flash gas compressor on the Liza Destiny FPSO, and production optimization activities that were ongoing at the time the challenges were encountered. ExxonMobil...
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Drill campaign planned at Makarapan-1 exploration well offshore Guyana

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After successfully completing negotiations with the government regarding the rescheduling of its work commitments, CGX Energy Inc and its joint-venture partner Frontera Energy Corporation have announced that they are advancing preparatory work to drill the Makarapan-1 exploration well on...
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Need for realistic local content targets form key part of discussions as Guyana prepares framework

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Section seven of Guyana’s draft revised Local Content Policy Document that is currently under consultation falls under the title, ‘Minimum Local Content in Goods and Services’ and sets out mandatory local content targets for companies in the oil and...
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An approach to healing Guyana’s socio-political and economic ills [Part 1 of 2]

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By Wilberne Persaud - OilNOW Consider 1: “It should be borne in mind that there is nothing more difficult to arrange, more doubtful of success, and more dangerous to carry through than initiating changes in a state’s constitution. The innovator...
News

Study points to 32 prospects offshore Guyana with huge potential

OilNOW -
The results of an independent prospective resource study completed last year has provided enough evidence to support views that the Corentyne and Demerara blocks are highly prospective. Making this disclosure was Frontera Energy Corporation in its latest operational update...
News

Stena rig gunning for oil offshore Suriname to adopt Managed Pressure Drilling system

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Since the advent of Ultra Deepwater Drilling units, with water depths in excess of 7,500ft, the risks and hazards of operating in such environments have provided new challenges to operate safely and efficiently. With advances in technology, the exploration...
News

Stabroek block subsea systems provider creates twin companies

OilNOW -
TechnipFMC announced on Monday the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of...
News

Energy transition to drive refinery, petrochemicals integration – WoodMac

OilNOW -
2020 was a difficult year for the world’s refineries as the coronavirus pandemic reduced refinery utilisation and OPEC+ supply restraint narrowed crude price differentials. Despite this, integrated refinery and petrochemical sites significantly outperformed their fuels-only peers, according to Wood...
News

Mechanical rework of Liza Destiny gas compressor underway

OilNOW -
ExxonMobil Guyana said on Tuesday technical experts in Germany continue to assess operating data and inspection findings in order to define the required scope of repairs to the compressor and silencer. This process also includes consideration of technical recommendations...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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