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Overwhelming offshore demand sees Guyana Shore Base looking to extend southwards

OilNOW -
Just in the first quarter of this year, two additional drill ships – Noble Sam Croft and Stena DrillMAX - have been added to the ExxonMobil fleet, bringing the total to six operating offshore Guyana. These vessels along with...
News

Government ‘highly disappointed’ over gas compressor issue, examining implications of revenue loss

OilNOW -
The Guyana government said on Wednesday it was ‘highly disappointed’ with ExxonMobil’s inability to resolve ongoing issues with the flash gas compressor system on the Liza Destiny FPSO which on three occasions since oil production began in December 2019,...
Exploration

Major expansion works at Guyana Shore Base set to pull more projects from T&T

OilNOW -
Just under six years since its first oil discovery and around 16 months since production began, shore base capabilities in Guyana to service the offshore operations are rapidly growing resulting in an increasing number of projects being moved from...
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Small window of opportunity remains for development of gas resources, Shell and Equinor tell Tanzania

OilNOW -
(S&P Global Platts) Shell and Norway's Equinor have urged the government of Tanzania to take immediate action to conclude talks on the country's planned LNG export facility, warning that the time to develop new gas resources was "limited." In an...
News

Guyana lifts its 6th million-barrel oil cargo, next shipment could be affected by drop in production

OilNOW -
The Guyana government exported another million-barrel oil cargo this week from the Liza Destiny FPSO even as production was reduced from 120,000 barrels of oil per day (bpd) to around 30,000 bpd due to additional issues encountered with the...
News

Venezuela would have to think many times before blocking use of Stabroek block resources – Advisor

OilNOW -
The emergence of the oil industry has unequivocally refashioned Guyana's geopolitical importance. But every rise to stardom in the petroleum world will bring its fair share of challenges. In Guyana's case, the issue of great concern remains Venezuela. The...
News

Company with interest in Canje block says Jabillo well is 1-billion-barrel opportunity

OilNOW -
The Stena Carron initiated drilling operations at the Jabillo-1 well site at the Canje Block on March 14 as part of a three-well campaign planned this year on the acreage that is adjacent to the prolific Stabroek block where...
News

Exxon reduces oil production levels in Guyana as additional issues encountered with gas compressor system

OilNOW -
In an update on Tuesday, ExxonMobil Guyana said as the final testing phase of the reinstalled flash gas compressor and other components of the system on the Liza Destiny FPSO was being conducted, an additional problem with the discharge...
News

Crude oil futures edge higher as demand outlook improves

OilNOW -
(S&P Global Platts) Crude oil futures were higher in mid-morning trade in Asia April 14, despite a pause in the Johnson & Johnson vaccine rollout and mixed data from the American Petroleum Institute, as the market remained buoyed by...
News

T&T state-owned oil and gas firm exposes recruitment racket, police alerted

OilNOW -
Trinidad & Tobago’s state-owned oil and gas firm, Heritage Petroleum Company Limited, said on Tuesday it has been informed that individuals and their organizations are hosting false recruitment orientations and falsely promising employment at the company. Heritage said these individuals...
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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...

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