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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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Ministry rehires Bayphase to review Exxon’s Uaru development plan 

OilNOW -
Guyana’s Ministry of Natural Resources has rehired Bayphase to provide consultancy services for the review and evaluation of the Uaru field development plan.  Uaru is the fifth oil development in ExxonMobil’s Stabroek Block project pipeline.  Bayphase won the contract over Stratoil,...
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Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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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