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Stabroek Block: Exploration Highlights

OilNOW -
ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
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Liza Phase 2 could push Guyana total oil production to 340,000 bpd by 2022

OilNOW -
US oil major ExxonMobil has confirmed that a process is underway that could see a Liza Phase 2 development getting underway as early as 2022. This combined with Liza Phase 1 production, set to come on stream in 2020,...
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CGX Energy CEO quits, Narine to act as Executive Chairman

OilNOW -
Canadian-based oil and gas exploration company CGX Energy has accepted the resignation of its Chief Executive Officer. CGX Energy, focused on the exploration of oil in the Guyana-Suriname Basin, said on Wednesday it accepted the resignation of CEO Dewi Jones, effective January 8, 2018. Dewi Jones,...
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ExxonMobil moving towards potential giant Liza Phase 2 development; could start by 2022

OilNOW -
ExxonMobil Guyana said on Thursday it has submitted an application to the Environmental Protection Agency (EPA) for environmental authorization as part of the company’s plans for a potential production concept for Liza Phase 2. “Given we receive all the permits...
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Global demand continues to make Guyana’s oil discoveries profitable – Ambassador Quinn

OilNOW -
British High Commissioner to Guyana, Gregory Quinn believes Guyanese need not worry about the threats of alternative and other types of green energy to its emerging oil and gas industry, since demand will “continue to make what has been...
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Tullow plans to bring forward Guyana drilling to 2018

OilNOW -
Tullow Oil plc said that preparations are underway for drilling offshore Guyana possibly in late 2018. This is according to an operational update the company issued on Wednesday. The company said that it is currently processing seismic data with a...
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SOCU needs resources, cooperation to investigate O&G financial crimes – UK Expert

OilNOW -
British financial crimes expert, Dr. Sam Sittlington has expressed reservations over the level of resourcing afforded to the Guyana Police Force’s Special Organised Crime Unit (SOCU) but believes the unit will be able to effectively investigate malfeasance and other...
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Placing contract in public domain is ‘fantastic step in right direction’ – Brasington

OilNOW -
Placing the petroleum agreement between Guyana and ExxonMobil affiliate Esso Exploration and Production Guyana Limited in the public domain is a step in the right direction and provides a basis for healthy conversation about what it contains. This is the...
News

Over $20B in fixed assets, 3,500 employees; ExxonMobil marks 125 years in Singapore

OilNOW -
(The Straits Times) This year marks the 125th anniversary of ExxonMobil’s presence in Singapore. Starting out in 1893 as a small trading company at Robinson Quay selling kerosene and lubricants, ExxonMobil has since become one of Singapore’s largest foreign...
News

UTEC secures major deal from Liza subsea contractor TechnipFMC affiliate

OilNOW -
UTEC, a global survey company in subsea services group Acteon said it has won a contract from Technip Oceania Pty Ltd, part of TechnipFMC in Australia, to provide survey and positioning services on the Greater Enfield Project, offshore Western...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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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