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Exxon’s 5th project could produce up to 275,000 bpd, with first oil as early as 2026

OilNOW -
ExxonMobil’s fifth proposed development offshore Guyana could produce as much as 275,000 barrels of oil per day (bpd) and could achieve first oil as early as the fourth quarter of 2026, according to the project summary seen by OilNOW. Guyana’s...
News

TechnipFMC bags new contract for Exxon’s US$10B Yellowtail project

OilNOW -
French American conglomerate, TechnipFMC has been awarded a fresh contract by ExxonMobil Guyana for its fourth development in the Stabroek Block – Yellowtail. The contract, worth between US$75 million and US$250 million, according to TechnipFMC, covers the supply of six flexible risers qualified to withstand...
News

Public consultations on Guyana’s landmark gas-to-energy project to begin May 9

OilNOW -
The public will soon get better insight into Guyana’s landmark gas-to-energy project as ExxonMobil is set to commence face-to-face consultations on Monday, May 9 in the South American country. In a public notice, ExxonMobil said it has already submitted to...
Exploration

Sea-bob and Kiru-Kiru are next targets in major 12 well Stabroek Block campaign

OilNOW -
Hess Corporation’s Chief Operating Officer (COO) Greg Hill recently disclosed that upcoming wells in the second quarter for the Stabroek Block will include Sea-bob, targeting the Campanian reservoirs, located 10 miles south of the Yellowtail field. Kiru-Kiru is also...
News

Hess spent US$580M in first quarter for exploration, production works

OilNOW -
For the first quarter of 2022, Hess Corporation said its exploration and production expenditures totaled US$580 million compared with US$309 million in the prior quarter, primarily due to higher drilling and development activities in Guyana, the Bakken, and Malaysia. It...
News

Guyana is ‘Gateway to Opportunities’ at biggest oil and gas conference in the world

OilNOW -
The Guyana government said on Monday that it is the highlight of the Offshore Technology Conference once again, after opening its booth at the NRG Park, in Houston, Texas on Monday. “With the facilitating efforts of the Guyana Office for...
News

3-D Seismic operations continue offshore Guyana

OilNOW -
Multinational geoscience technology services company CGG Services (US) Inc. is continuing 3-D seismic operations off the Guyana coast beyond its Eastern Offshore Maritime boundary, with occasional ingress into the Corentyne Block which sits in the country’s Exclusive Economic Zone. The...
News

Stabroek Block production growth ramp is best in the industry

OilNOW -
A recent report by Wood Mackenzie has yet again reinforced Hess Corporation’s longstanding position that it sits on the ‘holy grail’ of the industry’s best oil provinces. During its company's first-quarter earnings call for 2022, Chief Executive Officer (CEO), John...
News

High-level Guyana contingent opens booth at Offshore Technology Conference 2022

OilNOW -
The iconic Offshore Technology Conference 2022 opened today with participation from a high-level Guyana group, consisting of government and private sector representatives. The Guyana booth is aptly titled ‘The Gateway to Opportunities’. OTC 2022 is scheduled to run for four...
News

Launch of Liza Phase 2 pushes China’s oil giant production up by more than 28%

OilNOW -
China's offshore oil giant CNOOC offshore assets in South America, led by the Stabroek Block in Guyana and Brazilian Libra and Buzlos Surplus projects, have been identified as important sources of future reserve and production growth for the company, according...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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