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Capping stack to be stationed at Vreed-en-Hoop port long term – Exxon President

OilNOW -
ExxonMobil Guyana President Alistair Routledge said the recently arrived capping stack in Guyana, which is currently stationed at the Guyana Shore Base Inc. (GYSBI), is expected to be relocated to the Vreed-en-Hoop Shore Base Inc. (VEHSI) at some point. The...
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OneSubsea secures major contract for Petrobras’ Roncador project in Brazil

OilNOW -
SLB’s OneSubsea™ joint venture has secured a significant contract from Petrobras for the Roncador project, located offshore Brazil.  This contract follows a competitive tender process and focuses on expanding the Roncador field in the Campos Basin. SLB OneSubsea and TotalEnergies partner...
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University of Guyana to be tuition-free by January 2025

OilNOW -
President of Guyana, Dr. Mohamed Irfaan Ali, announced during an October 10 Parliamentary address that starting from the January 2025 semester, tuition fees will be completely abolished at the University of Guyana.  The measure is expected to benefit over 11,000...
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Exxon says it will work with Guyana authorities to set up independent decommissioning fund 

OilNOW -
ExxonMobil Guyana President Alistair Routledge said the company stands ready to work with the government on the establishment of an independent decommissioning fund for the Stabroek Block operations.  “...we're very much aware that under the Petroleum Activities Act of 2023,...
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Oil nation set to make approx. US$288 million payout to households

OilNOW -
Every household in South America’s newest oil producing nation, Guyana, will receive close to US$1,000 (GY$200,000) its President, Dr. Irfaan Ali announced on Thursday. Dr. Ali during a special sitting of the 12th Parliament said the disbursement will begin instantaneously...
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Gas-to-Energy pipeline mechanically completed, ready to introduce natural gas – Routledge 

Shikema Dey -
The pipeline for Guyana’s Gas-to-Energy project is set and ready to introduce natural gas from the Liza field to onshore facilities at Wales, West Bank Demerara. Providing an update, ExxonMobil Guyana President, Alistair Routledge said that the pipeline has been...
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Liza Unity FPSO has scope to produce 270,000 barrels a day – Exxon 

Shikema Dey -
Debottlenecking efforts at the Liza Unity floating production, storage and offloading (FPSO) vessel could boost its output to 270,000 barrels per day (b/d).  ExxonMobil Guyana President, Alistair Routledge, said the vessel underwent debottlenecking in July during a shutdown of the...
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Exxon’s Hammerhead project to feature first converted unit offshore Guyana since Liza Destiny

Shikema Dey -
Hammerhead, Guyana’s 7th Stabroek Block development will be utilizing a converted unit for its floating, production, storage and offloading vessel (FPSO). This is according to ExxonMobil Guyana President, Alistair Routledge.  Hammerhead would be the first project after Liza Phase 1...
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Sispro says regulatory compliance a challenge in securing award of S3, D2 offshore blocks 

OilNOW -
In Guyana’s inaugural offshore licensing round, Sispro Inc. stood out as the only Guyanese company among the bidders.  They were eventually awarded two blocks S3 and D2 when the auction closed. But to date, it has not been finalised. Its Chairwoman...
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UBSL launches new breakbulk shipping line for Caribbean & South America

OilNOW -
Universal Africa Lines B.V. (UBSL) is expanding its operations by launching a new breakbulk shipping line for the Caribbean and East Coast of South America.  This venture, UBSL Caribbean Line, is a joint effort between BOCS Bremen and Universal Africa...
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Guyana’s AFC party promises transparency, amended contracts in oil sector if it wins elections

Guyana’s Alliance for Change (AFC) political party is promising oil and gas transparency reforms and a review of existing...

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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