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Liza Destiny gas compressor en route to Germany for repairs – ExxonMobil

OilNOW -
The faulty 3rd stage Flash Gas Compressor from the Liza Destiny FPSO operating offshore Guyana is en route to Germany where an assessment of the issue and repairs will get underway soon. President of ExxonMobil Guyana, Alistair Routledge, and...
News

Exxon targeting new Guyana exploration well this month as search for more crude ramps up

OilNOW -
Exploration and appraisal drilling offshore Guyana are moving forward on schedule with a new well expected to be spudded this month on the prolific Stabroek block. After wrapping up the Bulletwood-1 campaign in the Canje block, the Stena Carron...
News

Credit agencies should reward oil majors for natural gas developments

OilNOW -
By Arthur Deakin - OilNOW On January 26, one of the most influential credit rating agencies in the world, Standard & Poor’s (S&P), said it was considering downgrading the rating of 13 major oil and gas producers, including ExxonMobil, Shell...
News

Brent edges past $60 to reach highest point in over a year

OilNOW -
(Reuters) - Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to...
News

Bahamas well fails to deliver commercial crude

OilNOW -
The Perseverance #1 well in The Bahamas did not encounter hydrocarbons in commercial quantities, Bahamas Petroleum Company (BPC) announced on Monday. The well reached a depth of approximately 3,900 meters without incident and will now be permanently plugged and...
Exploration

World on track to run out of sufficient oil supplies, Rystad Energy analysis shows

OilNOW -
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the coronavirus pandemic and the accelerating energy transition – unless exploration speeds up significantly and...
News

Talks underway on harnessing Guyana-Suriname energy potential for Arco Norte energy corridor

OilNOW -
The establishment of an electricity grid to connect the Arco Norte region of South America has been long in the making, with studies already conducted, but now the conversation has commenced on utilising the energy potential of Guyana and...
News

Africa, Americas lighting up deepwater exploration this year

OilNOW -
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals. The success rate rose to 41% from 32% in 2019...
News

Guyana hoping oil revenue will help remove development roadblocks

OilNOW -
The revenues derived from the oil and gas industry are expected to have a transformational effect on Guyana, particularly the standard of living. President Irfaan Ali recently stated during a public forum, that the funds will be instrumental in...
News

Staatsolie boss wants Guyana, Suriname to build world-class shore base as oil discoveries grow

OilNOW -
Both Guyana and Suriname are without adequate shore base facilities to support the growing needs of oil companies that continue to ramp up exploration and production activities offshore the two countries. But this state of affairs could change quite...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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