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Suriname’s world-class discoveries expected to be developed in shortest time possible: like Guyana’s Liza – Staatsolie MD

OilNOW -
Suriname state oil company Staatsolie would like to see the country’s deepwater discoveries move to development in the shortest time possible, similar to the Liza discovery in Guyana which operator ExxonMobil was able to move to first oil in...
Exploration

‘Multiple high potential leads’ identified on Corentyne Block – CGX Energy

OilNOW -
CGX Energy Inc.through CGX Resources Inc. (CRI), operator of the Corentyne Block offshore Guyana, under a Joint Operating Agreement with Frontera Energy Guyana Corp., said Thursday a seismic acquisition conducted on the block has identified two potentially highly prospective...
News

ExxonMobil plugs over GY$15 million more into VYC’s STEM programme

OilNOW -
Volunteer Youth Corps Inc. (VYC) announced Thursday that ExxonMobil Guyana has provided more than GYD 15 million to fund its Science Technology Engineering Mathematics (STEM) education afterschool Program for the 2020-21 school year, in Guyana. This new commitment, that is...
News

Guyana’s 2nd oil production complex over 50% complete

OilNOW -
The Liza Unity FPSO, Guyana’s second oil production vessel, is currently under construction in Singapore and remains on target for delivery in 2022. Dutch floater specialist, SBM Offshore, said Thursday after the temporary closure of the yards in Singapore due...
News

New Cabinet in place as Guyana government prepares for oil transformation

OilNOW -
Nineteen persons were sworn in as ministers on Wednesday by newly elected Guyanese President, Irfaan Ali, who said the combination of youth and experience in his new Cabinet will take the South American country to its next level of...
News

‘Tremendous work ahead’ for new government in safeguarding Guyana’s oil riches – Ramnarine

OilNOW -
Former Energy Minister for Trinidad and Tobago, Kevin Ramnarine, is of the firm opinion that the finality of the five-month long 2020 polls represents an important day for democracy in Guyana as well as the new PPP/C Government. But...
News

Noble Sam Croft to join ExxonMobil fleet of drillships offshore Guyana

OilNOW -
ExxonMobil has awarded a new 6-month contract to the drillship Noble Sam Croft for operations offshore Guyana, where the company has so far found more than 8 billion barrels of oil equivalent resources. “In early August, ExxonMobil awarded the drillship Noble...
News

Oil hits 5-month high just days ahead of Guyana’s 3rd lift

OilNOW -
Just days ahead of Guyana lifting its third million-barrel oil cargo, Reuters said in a report on Wednesday oil prices rose to their highest since early March after U.S. crude inventories fell sharply and the dollar weakened. However, mounting...
News

ExxonMobil to ease shut-ins to 200,000 boe/d in Q3 on recovering demand

OilNOW -
(S&P Global Platts ) ExxonMobil aims to ease global oil and gas production shut-ins by about 40% to 200,000 b/d of oil equivalent as demand for transportation fuels slowly recovers from a second-quarter plunge. About 70% of the shut-ins expected...
News

Saipem in ground-breaking agreement for deep-seabed mining

OilNOW -
Fincantieri and Saipem have signed a Memorandum of Understanding (MoU) to promote the development of deep-seabed mining (DSM), i.e. the sustainable exploitation of deep-sea floors over 3,000 metres in depth. This agreement sets the ground for a strategic partnership...
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Venezuela risks more sanctions if unlawful election is held in Essequibo this May – Greenidge 

Venezuela risks triggering even more international sanctions if it proceeds with its unlawful elections in Guyana’s Essequibo region. The...

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