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CNOOC postpones start-up of project at UK’s highest-producing oil field

OilNOW -
COVID-19 safety measures and the postponement of the Forties pipeline overhaul have forced China's CNOOC to push the startup of its Buzzard phase II oil project into 2021, the company said Tuesday. According to a S&P Global Platts report, the...
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24 Guyanese trainee technicians return for placement on Liza Destiny FPSO

OilNOW -
The first group of Guyanese operations and maintenance trainees recently returned to the South American country after an extensive 18-month training programme in Canada organized by ExxonMobil Guyana. The company said in an update on Tuesday they will soon be...
Exploration

INTO THE DEEP: At 8,000 meters Tanager-1 is the deepest well ever to be drilled by ExxonMobil offshore Guyana

OilNOW -
FAST FACTS The Tanager-1 well has a target total depth of 8,000 metres making it the deepest well ever drilled by ExxonMobil offshore Guyana. The previous deepest well was Ranger-1 at 6,450 meters. It will take an estimated 90 days to drill. The...
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From Guyana to Angola: Qatar Petroleum farms into Block 48 on ‘sweetened fiscal terms’

OilNOW -
After announcing a year ago that it had entered into an agreement with Total for a share of exploration and production rights in two blocks offshore the South American country of Guyana, Qatar Petroleum (QP) has marked its first...
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Guyana Civil Aviation Authority issues new directive for operators of helipads/helidecks

OilNOW -
The Guyana Civil Aviation Authority (GCAA) has issued a new directive mandating all operators of helidecks/heliports/helipads to be subject to approvals in accordance with the International Civil Aviation Organization (ICAO) Annex 14, Volume II and ICAO Document 9261 ‘Heliport...
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ExxonMobil exits exclusive Dow Jones Industrial Average club as focus shifts to tech firms

OilNOW -
(Bloomberg) --Exxon Mobil, Pfizer and Raytheon Technologies exited the Dow Jones Industrial Average as part of the stock benchmark’s biggest reshuffling in seven years, actions that will boost the influence of technology companies that have dominated the 2020 stock...
News

Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData

OilNOW -
Operators in the Americas region have had to manage projects and mitigate the effects of COVID-19 through severe production cuts and reductions in investments. As opposed to other countries with established oil and gas sectors in the region, Brazil...
News

US Gulf of Mexico operators shut in more oil, gas as twin storms race toward coast

OilNOW -
(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...
News

Tender reopens to market light sweet Liza Crude

OilNOW -
The Guyana government has moved forward with reopening the tender for marketing the country’s share of the Liza Crude being produced 120 miles offshore at the ExxonMobil Liza Phase 1 Development. In a notice published in the local press, the...
News

Oil and gas pushing major investment opportunities in South America’s newest hotspot

OilNOW -
Chief Executive Officer (CEO) of the Guyana Office for Investment, Owen Verwey, says Guyana is now a prime investment destination for oil and gas as well as a wide cross section of industries that make up the country’s diverse...
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‘Discovery 6’ Supercomputer unlocks over US$1 billion in value from Guyana operations – ExxonMobil

ExxonMobil has commissioned one of the world’s most powerful supercomputers, Discovery 6, to boost efficiency and accelerate data analysis...

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