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Five sanctioned Stabroek Block developments offer strong fiscal cushion for GtE Project

OilNOW -
Guyana’s Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels have allowed the country to earn a whopping US$2.2 billion in royalties and profit oil in a three-year period spanning from March 11, 2020 to March...
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TotalEnergies to FID Angola oil development this year 

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TotalEnergies EP Angola, in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and Sonangol Pesquisa e Produção S.A, has signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on...
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Guyanese will be able to cash in on Exxon’s US$12.7 billion Uaru Project

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Guyanese authorities have required ExxonMobil Guyana to provide a list of the local content opportunities that will be available at its newly approved Uaru Project. This is outlined in the Petroleum Production Licence for the project. The document states that...
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Exxon reviewing Guyana court ruling, says insurance exceeds industry benchmarks

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ExxonMobil Guyana said it is reviewing a recent High Court ruling regarding the necessity of a financial guarantee for its operations in Guyana, and considering potential next steps. It expressed disappointment that the court did not recognise its financial...
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No word on continuity of gas deal between TT/Venezuela 

Shikema Dey -
The assurance of Trinidad’s Energy Minister, Stuart Young may have been given prematurely when he claimed that the controversy surrounding Venezuela’s PDVSA would not affect the Dragon gas deal.  It seems there has been no word from Venezuelan counterparts on...
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Guyana delegation tours Houston Gas-to-Energy facility

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The Gas-to-Energy project in Guyana is revving up, and the US-consortium, Lindsayca/CH4 (LNDCH4), is leading the way. The contractor for the integrated natural gas facility to be constructed at Wales has big ambitions for local content. According to Mr....
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Significant bump in traffic seen at Guyana Pavilion as OTC returns

OilNOW -
Traffic at the Guyana Pavilion at the Offshore Technology Conference (OTC) has been the highest ever to date, according to Georgetown Chamber of Commerce and Industry (GCCI) President, Kester Hutson.  Hutson is leading a delegation of member companies to the...
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Exxon Guyana drilling operations providing exciting opportunity for Noble 

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Offshore drilling contractor, Noble Corporation plc, said it has been awarded a significant additional backlog commitment from ExxonMobil Guyana under its Commercial Enabling Agreement (CEA).  The contract duration was extended for four drillships operating under the CEA, from Q4 2025...
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Saipem Constellation, FDS2 vessels to commence final phase of Uaru field development

OilNOW -
With the Uaru development plan (FDP) finalised, oilfield giant Saipem has been given the green light by ExxonMobil Guyana to commence the final phase of the subsea work for the Stabroek Block project.  Saipem said the awarded scope of work...
Discoveries

Drilling to resume at CGX’s Wei-1 Guyana well, after medium-sweet oil find

OilNOW -
CGX Energy said on Wednesday drilling operations at the Wei-1 well offshore Guyana has encountered multiple oil-bearing intervals in the western channel fan complex of the northern portion of the Corentyne Block. The intervals, CGX said, are in formations of...
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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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