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Exploration

Tullow expected to relinquish 20% of Orinduik acreage, enter new license phase

Kemol King -
The Orinduik Block partners are expected to relinquish 20% of the acreage as the first renewal period of the license draws to a close, taking approximately 360 square kilometers (km2) off the 1,800 km2 block. Eco (Atlantic), a partner in...
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ExxonMobil Guyana announces sponsorship of Guyana Amazon Warriors

OilNOW -
ExxonMobil Guyana announced Thursday that it is the exclusive sponsor of the Guyana Amazon Warriors for the 2022 Hero Caribbean Premier League (CPL) tournament. It is the sixth consecutive year that the company has been sponsoring the Amazon Warriors. This...
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Guyana on ‘right track’ accelerating oil and gas development to fund energy transition – Rystad Energy

OilNOW -
Norway’s Rystad Energy has lauded Guyana’s efforts to implement the right policies to attract foreign investment that will essentially fund its transition to cleaner, greener energy. In its August Review, Rystad Energy even urged that other Latin American nations use...
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Gas-to-Energy power plant must be done by 2024; NGL facility may come later – Jagdeo

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo says the Gas-to-Energy power plant has to be in place by 2024, but that the Natural Gas Liquids (NGL) facility may not be completed by then. He said it could come until 2025...
Exploration

‘Never had an incident; we plan to keep it that way’ – ExxonMobil Guyana in emergency response training

OilNOW -
ExxonMobil Guyana wrapped up a two-day emergency response training exercise at the Marriott Hotel on Wednesday, to fortify the company’s strategies for incidents that could pose a threat to safety and the environment. The exercise is being conducted in cooperation...
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Guyanese “trailblazers” lauded by President onboard country’s largest capacity FPSO

OilNOW -
Guyana’s President, Dr. Mohamed Irfaan Ali visited the Liza Unity floating production storage and offloading (FPSO) vessel on Tuesday where he toured the facility and met with the crew. He told Guyanese workers onboard the country’s largest capacity FPSO to...
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Guyana needs 10 FPSOs; renegotiation would kill the momentum – Dr. Jagdeo

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo said on Friday that Guyana needs 10 oil-producing vessels to keep the economic momentum for government’s development agenda. He made the comment in defense of the incentives given to the Stabroek Block partners –...
News

New Guyana heliport to slash offshore flight time in half, at 70% completion

Shikema Dey -
With almost 70% of its building structures completed, the new heliport at Lusignan, East Coast Demerara, is expected to significantly reduce the flight time for operators heading offshore Guyana. The brainchild of Orinduik Development Inc., the facility is expected to be fully...
News

Three of Brazil’s oil refineries, associated assets up for sale

OilNOW -
Brazil’s state-owned Petrobras has kickstarted the non-binding phase in its bid to sell three of its refineries and associated logistical assets. Petrobras announced on Monday that it began notifying potential buyers that they have been approved to participate and submit...
News

Guyana’s oil production reached all-time high of 386,000 bpd at end of July

OilNOW -
Oil production offshore Guyana exceeded 386,000 barrels a day (bpd) in July, marking the highest production recorded in a day since first oil. This data is publicly available via the Petroleum Management Program, an online portal available since early 2021 that makes...
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Hess gives back Suriname oil block at Guyana border

U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with...

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