News

The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the project site off the coasts of Mauritania and Senegal. On Monday, bp said the...

The fourth quarter "affirmed a distinctive new phase" in the energy sector up-cycle for the global oil field services giant Schlumberger, now SLB. The company reported earnings for its fourth quarter increased from the same period last year and beat...

Guyanese authorities are in the process of revising the National Land Use Plan in an effort to efficiently streamline the increasing need for shore bases and other oil and gas support facilities.  This is outlined in the Environmental Impact Assessment...

Guyana’s Prime Minister, Mark Phillips has informed the country’s Parliament that the landmark Gas-to-Energy project will cost approximately US$1.8 billion. In providing a breakdown of the project costs, Phillips said the pipeline cost is US$1 billion, which includes the entire...

ExxonMobil Guyana’s prime contractor, Schlumberger (SLB), is required to resubmit an application for environmental authorisation to operate its Houston, East Bank Demerara source storage and calibration facility. This was confirmed to OilNOW by the head of the Environmental Protection Agency...

Guyana’s Finance Minister, Dr. Ashni Singh said Monday that the government plans to remove the 14% value added tax (VAT) currently being charged for importation of new electric vehicles (EV). New, in this context, means the vehicles are less than...

Guyana’s Ministry of Education is seeking a consultant to conduct a national skills audit to aid human development efforts. This is part of the government’s plans to prepare the country for its oil-fueled modernisation. Oil production continues to expand...

Saipem said it has been awarded two offshore contracts for a total amount of approximately US$900 million. The first contract was awarded by TotalEnergies for work offshore Brazil on the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field...

Regulators in Guyana expect to approve two field development plans (FDPs) for offshore projects this year, according to information from the government’s 2023 national budget. The approvals are expected for ExxonMobil’s Uaru and Whiptail developments. Guyana’s Minister of Finance, Dr. Ashni...

Closing out 2022, ExxonMobil produced 11.5 million barrels of oil from the Stabroek Block Liza projects, averaging 371,400 barrels per day (bpd). From Liza Phase 1, the Liza Destiny floating production, storage, and offloading (FPSO) vessel extracted 4.286 million barrels,...