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Massive ‘ONE GUYANA’ vessel enters dry dock

OilNOW -
ExxonMobil’s fourth floating production, storage and offloading (FPSO) vessel - ONE GUYANA - has entered drydock at the Keppel Shipyard in Singapore, SBM Offshore announced on March 24.  “This marks a key milestone in the project, this phase will include...
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G-Boat fleet balloons to 22 with addition of new Guyanese named vessels

Shikema Dey -
The MADAM KALINA and A’RINRA are the newest editions to Edison Chouest Offshore’s (G-Boat) local fleet. Now, the company has a total of 22 vessels operating in Guyana’s offshore Stabroek Block.  The total Guyanese staff complement has ballooned to over...
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Exxon-supported 2022 CPL games deemed biggest ever, delivered major economic benefits to Guyana

OilNOW -
For six consecutive years, Stabroek Block operator ExxonMobil has been supporting the Caribbean Premier League (CPL) - the biggest party in sport - which has seen Guyana raking in big bucks just last year alone.  Exxon was also the exclusive...
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Public hearing on EIA for Guyana’s Gas-to-Energy Plant: what you need to Know

Shikema Dey -
The Environmental Assessment Board (EAB) arm of Guyana’s Environmental Protection Agency (EPA) held a hearing on March 22 on appeals filed to challenge the Agency’s decision to not require a separate Environmental Impact Assessment (EIA) for a proposed 300...
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Halliburton’s 365 Well Construction Software Hess’s pick for digital well designs

OilNOW -
Halliburton will be using its DecisionSpace® 365 Well Construction applications powered by iEnergy® Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells for Hess Corporation - the 30% stakeholder in Guyana’s prolific Stabroek Block.  Halliburton said...
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Stabroek Block daily production jumps 5% in February

Kemol King -
The Stabroek Block’s Liza projects continue to demonstrate consistently high oil production levels. In February, the daily production rate jumped 5% to 390,000 barrels per day (b/d) from 372,000 b/d in January.  The February production rate represents the highest of...
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Bayphase helped Guyana gov’t integrate Gas-to-Energy into Liza development plan

OilNOW -
Bayphase recently assisted the Guyana government with the review of ExxonMobil’s proposed amendments to its Liza development to accommodate the Gas-to-Energy project.  The UK-based firm said on its website that its work concerned the preparation of two reports summarising its...
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The missing US$21.2B at the centre of Venezuela’s latest corruption scandal

Shikema Dey -
Venezuela’s PDVSA is making headlines again. And not in a positive way.  Just when Venezuela’s oil industry appeared to be on the rebound, PDVSA has been hit with a major corruption scandal investigation, one that has seen its Energy Minister...
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Maersk unveils design of first green fuel powered vessel

OilNOW -
A.P.Møller-Mærsk A/S, commonly known as Maersk, has unveiled the concept for its first green fuel-powered vessel, being constructed by Hyundai Mipo Dockyard.  The feeder vessel will be outfitted with a dual-fuel engine, the company said in its announcement, with the...
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With trillions in oil revenues on the horizon, Guyana must carefully monitor rate of spending – Economist

OilNOW -
With 11 billion barrels of oil equivalent resources in the Stabroek Block, and multi-billion barrels poised to be unlocked, Guyana could soon see more than a trillion Guyana dollars being deposited annually into its Natural Resource Fund (NRF). With such...
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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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