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Exxon to conduct suite of studies to optimise Stabroek Block projects

OilNOW -
ExxonMobil Guyana has agreed to conduct a suite of studies to ensure the operational efficiencies and integrity of its Stabroek Block projects are preserved for decades to come.According to the Petroleum Production Licence for the Uaru Development Project, Exxon’s...
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Permian Basin delivers record-breaking performance in 2023 Q1

OilNOW -
American oil giant, ExxonMobil Corporation reported on April 28 that its Permian Basin assets delivered a record-breaking quarterly performance, reaching over 600,000 oil equivalent barrels. Specifically, Kathy Mikells, Exxon’s Senior Vice President & Chief Financial Officer said, “We reached a...
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Five sanctioned Stabroek Block developments offer strong fiscal cushion for GtE Project

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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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Guyanese will be able to cash in on Exxon’s US$12.7 billion Uaru Project

OilNOW -
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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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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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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Kuwait, Qatar, other long-established producers now trail Guyana in per capita oil output

Countries with some of the world’s most mature petroleum industries now rank behind Guyana in per capita oil production,...

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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