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Liza projects at full capacity as background flare achieved offshore Guyana

OilNOW -
ExxonMobil Guyana’s Production Manager, Mike Ryan, announced full production capacity has been reached at both Liza projects offshore Guyana. Exxon was able to safely install a new gas compressor aboard the Liza Destiny floating production, storage, and offloading (FPSO) vessel...
Discoveries

Guyana soaring up the oil and gas scale with 33 finds in seven years – Vickram Bharrat

OilNOW -
ExxonMobil now has a total of 33 oil and gas discoveries in Guyana’s massive Stabroek Block with the latest made at the Seabob and Kiru-Kiru wells, according to the government of Guyana. This, according to Guyana’s Minister of Natural...
Discoveries

Exxon makes two more Guyana discoveries in incredible 2022 drill campaign

OilNOW -
Stabroek Block operator ExxonMobil and its partners have made a double discovery – now a total of seven discoveries for the year 2022. The discoveries were made at the Seabob and Kiru-Kiru wells, southeast of the Liza and Payara developments. The...
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Guyana to be only country in region with critical oil spill capping equipment on hand – Bharrat

OilNOW -
A key provision in ExxonMobil’s permit for the massive Yellowtail project offshore Guyana requires the company to have a capping stack maintained, tested, and stored in country. And this, according to Minister of Natural Resources, Vickram Bharrat, would make...
News

Guyana’s emissions intensity outperforming 75% of global oil & gas producing assets

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Rystad Energy’s Senior Vice President and Head of Latin America and the Caribbean, Schreiner Parker, said the emissions intensity from Guyana’s offshore operations is among the best performing in the world. He said it is outpacing 75% of global oil...
News

Lending from banks increase as confidence in Guyana economy now at all-time high

OilNOW -
The South American nation of Guyana has been benefitting from an influx of foreign and local investments in traditional and newer sectors. As a direct effect, an economic boom is currently underway, propelled by massive oil and gas resources...
News

‘Venezuela aggression against Guyana a threat to entire continent’ – PM tells union

OilNOW -
Guyana's Prime Minister is working to rally support in the region against Venezuela's claim on its territory. In his address to the Presidential Forum for the Progress and Integration of South America (PROSUR) Summit, Phillips told the union that the...
News

The main shore base behind Guyana’s massive oil discoveries has seen tremendous growth

OilNOW -
ExxonMobil’s massive oil discoveries in Guyana led to the creation of the Guyana Shore Base Inc. (GYSBI) back in 2017 to service the rapidly increasing operations offshore. It was the brainchild of four companies – Muneshwer's Limited, TOTALTEC Oilfield Services,...
Exploration

Guyana among potential ‘energy super basins’ of the world – WoodMac

OilNOW -
With the energy transition in full swing, emphasis is being placed on making the global upstream industry more sustainable. To do this, the focus has to be on abundant oil and gas resources in locations with access to low-cost...
News

South Korea keen on Brazil’s Tupi crude – Platts

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(S&P Global Platts) Fresh demand from South Korea could keep the market sentiment for October-delivery barrels of Brazilian crudes buoyed, even as the grades' cash differentials could face some headwinds as China-based end-users pivot toward competitive Russian crudes, trade...
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Jagdeo says LNG remains a priority as Guyana moves to monetize its gas resources

Guyana’s Vice President Bharrat Jagdeo has reaffirmed that liquefied natural gas (LNG) remains a key option in Guyana’s plan...

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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