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Shell secures Stena Evolution for five years of US Gulf operations

OilNOW -
Stena Drilling said it has signed a new contract with Shell Offshore Inc. for the mobile offshore drilling unit (MODU) Stena Evolution.  The operations for Stena Evolution in the United States Gulf of Mexico are due to commence in Q2...
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Guyana gov’t asks to join appeal case to oppose order for ‘unlimited’ guarantee

OilNOW -
Guyana’s Attorney General, Mohabir Anil Nandlall has applied to be a party to the court case concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of a spill. In this bid, Nandlall is warning...
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Liza Phase Two production dips in second half of April

Kemol King -
Production guidance from Hess Corporation for the Stabroek Block indicates a reduction in 2023 Q2 compared to the prior quarter, as Exxon moves to execute maintenance on the Liza Phase 2 project.  Net production for Hess, a 30% stakeholder in...
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bpTT achieves milestone in ‘Small Pools’ drilling campaign

OilNOW -
In a significant milestone for bpTT, the energy company has announced the successful completion of the first phase of its ambitious "small pools" drilling campaign. Launched in October 2022, the campaign focuses on accessing smaller gas accumulations near existing...
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Update: Oil spill insurance appeal adjourned until Wednesday

OilNOW -
A new date of Wednesday, May 31 has been set for the hearing of an appeal on a Supreme Court ruling concerning financial assurance for ExxonMobil’s Stabroek Block operations.  The case came up in the Appellate Court on Monday, May...
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CNOOC, Tullow, SBM Offshore among 13 more with approved Local Content Plans

OilNOW -
Guyana's Ministry of Natural Resources announced on May 29 the approval of thirteen additional Local Content Annual Plans for the reporting year 2023. Approved plans detail the utilisation of Guyanese goods and services for the year in question. Vickram Bharrat,...
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Trinidad, Venezuela for more talks on Dragon gas development in June

OilNOW -
Venezuela and Trinidad and Tobago are set to resume negotiations aimed at jointly developing a dormant offshore natural gas field, Reuters said with information from three sources familiar with the matter.  The two nations are scheduled to hold a meeting...
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US government is fully supportive of Gas-to-Energy project – Jagdeo 

OilNOW -
The Gas-to-Energy project in Guyana is progressing. Alistair Routledge, President of ExxonMobil Guyana, and Dr. Bharrat Jagdeo, Guyana's Vice President, provided updates on the project during recent press engagements. On the government’s side, Mr. Jagdeo conveyed optimism about positive engagements...
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SBM Offshore revolutionises asset performance with intelligent agents, data analytics

OilNOW -
SBM Offshore, a global leader in offshore energy solutions, has unveiled its development of intelligent agents and data analytics to predict events and optimise asset performance. The company said its innovative solutions have continuously captured over 160 million time-series...
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Exxon encouraged by prelim work on Guyana’s 5th FPSO as new builder enters market

OilNOW -
ExxonMobil made a shift from SBM Offshore to Mitsui Ocean Development & Engineering Company Inc. (MODEC) for its fifth production vessel - Errea Wittu.  While construction is in its early stages, Exxon remains confident that MODEC can deliver and match...
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Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...

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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