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Gas-to-Energy pipeline can now be licensed with passage of petroleum law  

OilNOW -
A final investment decision (FID) for Guyana’s Gas-to-Energy (GtE) project is imminent with the recent passage of its Petroleum Activities Bill 2023, said ExxonMobil’s Guyana President, Alistair Routledge.  He told Energy Intelligence in London recently “...while we have not formally...
Exploration

Fangtooth appraisal program in high gear offshore Guyana

OilNOW -
ExxonMobil is moving to appraise the two discoveries it made earlier this year, Lancetfish-1 and Fangtooth SE-1. Guyana’s Maritime Administration Department announced the drilling activities in notices. The Stena Carron drillship will be utilised to drill Fangtooth SE-1 starting in...
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Vice President Jagdeo sets the record straight on Guyana’s refinery ambitions

OilNOW -
The downstream energy future of Guyana has been a focal point of recent discussions, especially in light of the recent memorandum of understanding (MoU) signed with the Dominican Republic. This MoU outlines the potential construction of a 50,000 barrels...
News

Guyanese construction providers needed to build new petroleum training institute for Exxon

OilNOW -
Guyana's rapidly growing oil and gas sector will soon have a world-class technical training college. ExxonMobil has published a RFI (Request for Information) targeting construction service providers, to pave the way for the establishment of the Guyana Technical Training...
News

Dutch company’s innovative composite pipe installed at ExxonMobil’s Liza Field

OilNOW -
Strohm, a composite pipe company, has successfully installed its first deepwater/high-pressure thermoplastic composite pipe (TCP) jumper in the Stabroek Block offshore Guyana. The installation marks the adoption of Strohm's innovative "Jumper on Demand" approach and its effectiveness in enhancing...
News

APA Corp. in talks for joint development with Guyana after Block 58 discoveries

OilNOW -
With the Block 58 discoveries offshore Suriname seeming promising, APA Corp. is mulling the installation of a floating liquefied natural gas (FLNG) terminal in the basin. As reported by Bloomberg, APA’s Vice President Gary Clark told investors at the Enercom...
News

Petrobras adds 80,000 bpd to Campos basin output

OilNOW -
Brazilian company Petrobras has initiated production from the Anita Garibaldi floating production, storage and offloading (FPSO) vessel in the Campos Basin, offshore Brazil. The FPSO is poised to operate concurrently in the post-salt and pre-salt regions of the Marlim and...
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CGX will have to keep selling to continue its Guyana work

Kemol King -
CGX Energy has found itself in a position where selling assets has become an apparent strategy for financial sustenance. The company's 2023 quarterly financial report shines a dazzling light on this trajectory. A significant development, in this regard, is the...
News

S&P sees Guyana holding strong in oil and gas sector despite revised PSA

OilNOW -
Oil and gas investments in Guyana remain attractive even with the fiscal terms in its new model Production Sharing Agreement (PSA) which are more favourable to the country. This is according to an August 10 report by S&P Global...
News

Another 1.4 million bpd of non-OPEC supply growth expected in 2024

OilNOW -
Projections for non-OPEC liquids supply have taken a favourable turn, indicating an anticipated expansion of 1.5 million barrels per day (mb/d) in 2023, the August Global Supply Report highlights.  Guyana, Brazil, the United States, Norway, Kazakhstan and China will be...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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