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SBM Offshore gets ‘Best Oil Platform Operations’ award from Brazil’s Petrobras

OilNOW -
Dutch floater specialist SBM Offshore, operator of the Liza Destiny FPSO in Guyana, has received the ‘Best Oil Platform Operations’ award from Brazil’s state oil company, Petrobras. The accolade was given as part of Petrobras’ 2019 best suppliers awards exercise,...
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ExxonMobil comes up dry at Hassa-1 offshore Guyana

OilNOW -
Drilling at the Hassa-1 prospect in the Stabroek block offshore Guyana has failed to encounter hydrocarbon resources, ExxonMobil said on Friday in response to a question from OilNOW. “The Hassa-1 exploration well in the Stabroek block did not encounter hydrocarbons...
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Piping gas to shore brings major benefits, find the right investment balance urges analyst

OilNOW -
The Guyana government is forging ahead with its plan to land a gas pipeline onshore to produce cheaper, cleaner energy and create new economic opportunities for the country of just over 750,000 people. While some have criticized this move,...
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Demand for Guyana’s low-sulphur crude will grow in 2021, expert says

OilNOW -
As the world continues to move towards renewable sources of energy, demand for crude with low-sulphur content will continue to increase, placing producers like Guyana in an advantaged position. That coupled with the low breakeven price to produce oil...
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Giant oil finds in Guyana and Suriname point to major frontier – Brazil Petroleum Studies

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The recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area, Brazil Petroleum Studies (BPS) said in a report published this...
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President rolls out plan for construction of 1000 homes in Guyana mining Town

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President of new oil producing country Guyana, Dr. Irfaan Ali, on Thursday announced that residents of Region 10, a Town best known for its history with bauxite mining, will soon benefit from the construction of 1000 homes. Mr. Ali was...
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J.P Morgan turns positive on ExxonMobil, Wall Street upbeat

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(Reuters) - J.P. Morgan was the latest major U.S. investment bank to turn positive on Exxon Mobil on Wednesday, just months after its removal from the blue-chip Dow Jones Industrial Average capped a catastrophic year for America’s major oil...
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Total, Apache strike oil again offshore Suriname

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Total and Apache Corporation said on Thursday they have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West...
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Yellowtail cash flow amounts to almost US$10B over productive life – IHS Markit

OilNOW -
Due to the significant recoverable resources discovered at the Yellowtail field, IHS Markit estimates that total cash flow will amount to almost US$10B when ExxonMobil and co-venturers Hess and CNOCC move to develop the area. IHS, a global leader in information,...
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Guyana barrels will be welcomed as oil supply squeeze expected by year-end

OilNOW -
Guyana’s first offshore development reached peak output last December with production hitting 120,000 barrels of oil per day. These barrels, albeit modest at this early stage of Guyana’s offshore development, will nevertheless add to the global supply this year....
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Guyana’s October crude oil exports went to 14 countries

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production...

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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