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Yellowtail will develop largest resource base to date, Pinktail and Whiptail could be 6th project

OilNOW -
Yellowtail will develop a much larger resource base than any of the previous developments at the ExxonMobil-operated Stabroek Block offshore Guyana while the Pinktail and Whiptail discoveries which both have deeper zones with good quality oil, could form the...
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Venezuela’s PDVSA to offer alternative heavy crudes

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(S&P Global Platts) Venezuelan state-owned PDVSA will offer from October in the international market the upgraded heavy crudes Morichal 16, Zuata Sweet and Hamaca Special Blend to compensate for the fall in the production of Merey, which is its...
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Extensive well program at Stabroek Block delivering big volumes this year

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An extensive exploration and appraisal drilling programme being carried out at the Stabroek Block this year has so far delivered a series of discoveries that will push the 9 billion plus barrels of oil equivalent higher even as the...
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Royston completes engine overhaul work on Stena Carron off Guyana’s coast

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Marine engineering and propulsion specialist Royston has assisted in the overhaul of diesel power plant on-board the Stena Carron drill ship as it sailed while on passage. Drawing on its international capabilities and resources, a five-strong team of Royston engineers...
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Suriname moving to develop “fit for purpose” shore base facility

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After decades of offshore exploration, Suriname has made significant hydrocarbon discoveries, particularly over the course of 2020 and 2021. These discoveries have intensified the exploration and appraisal efforts of various license holders and provides a positive outlook for future...
Exploration

Guyana welcomes new oil discovery, expects total volumes to increase

OilNOW -
Guyana’s Ministry of Natural Resources said Thursday it is pleased with the announcement of the country’s latest oil discovery by ExxonMobil affiliate Esso Exploration and Production Guyana (EEPGL) and partners at Pinktail Offshore Guyana, within the Stabroek Block. The ministry...
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Giant Liza Unity FPSO sets sail for Guyana

OilNOW -
Dutch floater specialist SBM Offshore announced on Thursday that the Liza Unity FPSO has started its voyage to Guyana, having departed from Keppel shipyard in Singapore. The FPSO is expected to arrive in Guyana late this year. Once the...
Exploration

Exxon delivers another major oil discovery offshore Guyana

OilNOW -
It’s the block that keeps giving. U.S. oil major ExxonMobil announced on Thursday another oil discovery on the Stabroek Block offshore Guyana at Pinktail. The Pinktail well encountered 220 feet (67 meters) of net pay in high-quality oil-bearing sandstone reservoir....
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UK Energy Minister says gas-to-energy project a huge step for Guyana

OilNOW -
Updated September 9, 2021 United kingdom's Minister of State for Business, Energy and Clean Growth, Anne-Marie Trevelyan says bringing gas to shore to support Guyana’s energy needs is a huge step forward for the country to improve the cost of...
News

Large reserves, stable legal framework crucial to oil investments – energy expert

OilNOW -
Countries with large oil and gas reserves and a stable legal environment are best positioned to benefit from major investments. Sheky Espejo, a contributor at S&P Global Platts, said in a recent podcast that companies operating in Latin America...
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French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...

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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