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April 6 set for World Court ruling on Venezuela’s preliminary objections in border case with Guyana

OilNOW -
The International Court of Justice (ICJ) said it will make a key ruling in the border case between Guyana and Venezuela: Arbitral Award of 3 October 1899 (Guyana v. Venezuela). The judgment is not related to the conclusion of...
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Potential Ranger development could include resources at Tanager, other Kaieteur prospects – Westmount Energy

OilNOW -
Westmount Energy believes that the Tanager-1 discovery at the Kaieteur Block has potential to be a tie back for a development at Ranger, discovered in 2018 on the Stabroek Block. ExxonMobil Guyana President Alistair Routledge had told OilNOW on...
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McDermott will perform front-end work for Shell’s Manatee development in Trinidad

OilNOW -
McDermott said it has been awarded a front-end engineering design (FEED) contract from Shell Trinidad and Tobago Limited for the Manatee gas development project as part of a competitive FEED process.  Under the contract scope, the Texan company will provide...
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Liza was biggest, best prospect in a basin with zero discoveries…next target was a dry hole

OilNOW -
Updated April 2, 2023 Back in 2014, geologic models indicated a potential working hydrocarbon play in the Stabroek Block. The closest known hydrocarbon accumulations were located onshore Suriname and offshore Venezuela. At the time there were no wells in the...
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Major Exxon contractors cop OTC award for new technologies 

OilNOW -
Baker Hughes, Saipem and Schlumberger (now SLB) together with Equinor were among the top awardees for the Offshore Technology Conference (OTC) 2023 Spotlight on New Technology Award.  SLB, Baker Hughes and Saipem are all key contractors for ExxonMobil Guyana, operator...
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Advocates for renegotiation of Exxon contract have made a major loss

Kemol King -
The recent dismissal of a lawsuit against ExxonMobil’s Stabroek Block Production Sharing Agreement (PSA) marks a major loss for advocates pushing for changes to the contract.  Glenn Lall, the publisher of Kaieteur News, a Guyanese daily newspaper known for its...
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US$1.63 billion financing secured for Brazil’s largest FPSO – SBM Offshore

OilNOW -
SBM Offshore has secured project financing of US$1.63 billion for the floating production, storage and offloading (FPSO) vessel Almirante Tamandaré, which is set to become Brazil's largest oil-producing unit. The project financing has been provided by a consortium of...
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Guyana receives almost US$80 million for sole oil lift in March

OilNOW -
A statutory report in Guyana’s Official Gazette indicates the country received and sold one lift of profit oil from Stabroek Block crude production in March. The lift earned the country US$79,613,822.68 (GY$16,599,482,029).  For the new year, Guyana has received US$219,454,039.47...
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‘ONE GUYANA’ to be highest producing FPSO delivered by SBM Offshore 

OilNOW -
The ‘ONE GUYANA’ floating production storage and offloading (FPSO) vessel will be, not only the highest producing floater offshore Guyana, but also the highest producing FPSO to be delivered by SBM Offshore.  ONE GUYANA is designed to produce 250,000 barrels...
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19 out of 21 charged in PDVSA’s missing US$21.2B scandal 

Shikema Dey -
Charges of appropriation or distraction of public patrimony, money laundering and association, influence peddling, among other crimes were laid against 19 of the 21 persons fingered in the massive US$21.2 billion PDVSA scandal.  In a Tweet, Venezuela’s Attorney General Tarek...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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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