Saturday, March 25, 2023

News

Guyana licensing round could bring renewed focus on junior oil players – Westmount Energy

The excitement surrounding Guyana’s 2022 auction has caught up to investment firm Westmount Energy Limited and all eyes are on South America’s rising oil star.  “...the launch of the 2022 Guyana Licensing Round, under less benign fiscal terms, may bring...

Forcing existing energy system out of use will send economies backwards – Chevron CEO

Without a doubt, the world needs to lower carbon emissions to prepare for a cleaner, greener future. But asking the global oil industry to essentially stop pumping will set economies back by years.  Chairman and Chief Executive Officer (CEO) of...

Massive ‘ONE GUYANA’ vessel enters dry dock

ExxonMobil’s fourth floating production, storage and offloading (FPSO) vessel - ONE GUYANA - has entered drydock at the Keppel Shipyard in Singapore, SBM Offshore announced on March 24.  “This marks a key milestone in the project, this phase will include...

G-Boat fleet balloons to 22 with addition of new Guyanese named vessels

The MADAM KALINA and A’RINRA are the newest editions to Edison Chouest Offshore’s (G-Boat) local fleet. Now, the company has a total of 22 vessels operating in Guyana’s offshore Stabroek Block.  The total Guyanese staff complement has ballooned to over...

Exxon-supported 2022 CPL games deemed biggest ever, delivered major economic benefits to Guyana

For six consecutive years, Stabroek Block operator ExxonMobil has been supporting the Caribbean Premier League (CPL) - the biggest party in sport - which has seen Guyana raking in big bucks just last year alone.  Exxon was also the exclusive...

Public hearing on EIA for Guyana’s Gas-to-Energy Plant: what you need to Know

The Environmental Assessment Board (EAB) arm of Guyana’s Environmental Protection Agency (EPA) held a hearing on March 22 on appeals filed to challenge the Agency’s decision to not require a separate Environmental Impact Assessment (EIA) for a proposed 300...

Halliburton’s 365 Well Construction Software Hess’s pick for digital well designs

Halliburton will be using its DecisionSpace® 365 Well Construction applications powered by iEnergy® Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells for Hess Corporation - the 30% stakeholder in Guyana’s prolific Stabroek Block.  Halliburton said...

Stabroek Block daily production jumps 5% in February

The Stabroek Block’s Liza projects continue to demonstrate consistently high oil production levels. In February, the daily production rate jumped 5% to 390,000 barrels per day (b/d) from 372,000 b/d in January.  The February production rate represents the highest of...

Bayphase helped Guyana gov’t integrate Gas-to-Energy into Liza development plan

Bayphase recently assisted the Guyana government with the review of ExxonMobil’s proposed amendments to its Liza development to accommodate the Gas-to-Energy project.  The UK-based firm said on its website that its work concerned the preparation of two reports summarising its...

The missing US$21.2B at the centre of Venezuela’s latest corruption scandal

Venezuela’s PDVSA is making headlines again. And not in a positive way.  Just when Venezuela’s oil industry appeared to be on the rebound, PDVSA has been hit with a major corruption scandal investigation, one that has seen its Energy Minister...

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Forcing existing energy system out of use will send economies backwards – Chevron CEO

Without a doubt, the world needs to lower carbon emissions to prepare for a cleaner, greener future. But asking...