News

News

Guyana government will soon lift its first 1 million barrels of oil

OilNOW -
The government of Guyana in the coming days will lift its first share of oil from the Liza Phase 1 Development located 120 miles offshore at the 6.6 million acres Stabroek Block. Shell Western Supply and Trading Limited has been...
News

Halliburton seeking applicants for Guyana operations

OilNOW -
US oilfield services and drilling technology company Halliburton is seeking to fill a number of positions to support its offshore operations in Guyana, the world’s newest oil producer. The three positions for which applications are being sought are tech-prof cementing...
News

Renewable energy on Guyana’s radar

OilNOW -
Even as the South American country of Guyana gears up to become a significant oil producer in the region with estimates of daily output reaching 1 million bpd by 2030, focus remains on lowering dependence on fossil fuel, in...
Exploration

Bahamas gunning for oil as Guyana success excites region

OilNOW -
Bahamas Petroleum Company (BPC) said Thursday it will be drilling an exploration well in April with results expected in the second quarter of the year. The well - Perseverance #1 – is located on the northern segment of the...
News

MODEC to supply largest ever FPSO to Brazil for production at giant ‘pre-salt’ region

OilNOW -
MODEC, Inc.  said Thursday it has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA, to supply a Floating Production Storage and Offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field...
News

Development drilling for giant Liza Phase 2 project set to begin next month

OilNOW -
Development drilling for the 220,000 barrels per day Liza Phase 2 project offshore Guyana will begin next month as US oil major ExxonMobil ramps up its operations at the 6.6 million acres Stabroek Block where more than 8 billion...
News

Liza Unity floater will push Guyana’s total oil production to 340,000 bpd by 2022

OilNOW -
Double the capacity of the Liza Destiny FPSO, the Liza Unity – the vessel that will begin producing oil at Guyana’s second offshore development - is SBM Offshore’s first generic Multi-Purpose Floater (MPF1) hull in its series of hulls...
News

Liza Phase 1 approaching 75,000 barrels per day

OilNOW -
Oil production at Guyana’s first ever offshore development – Liza Phase 1 - is ramping up with daily output now around 75,000 barrels per day. “Liza Phase 1 production continues to ramp up. Current gross production is approximately 75,000 barrels...
News

Liza Phase 1 cost expected to be around US$1 billion below budget

OilNOW -
Development cost for the 120,000 barrels per day Liza Phase 1 project offshore Guyana has been reduced by close to US$1 billion according to an official of Hess Corporation, a 30 percent co-venturer at the 6.6 million acres Stabroek...
News

OPEC eyes deeper cuts to head off impact of coronavirus: source

OilNOW -
OPEC members are considering deeper production cuts, or extending their existing deal, in response to a slump in prices caused by the outbreak of coronavirus in China, according to a source in the group, S&P Global said in a...
1...730731732...996Page 731 of 996

Latest News

NewsOilNOW -

Technip Energies highlights collaborative role in GranMorgu FPSO project

PARAMARIBO, SURINAME  - In an exclusive interview with OilNOW during the Suriname Energy, Oil & Gas Summit (SEOGS) 2025,...

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.

Quick Access

Company Info

Social Networks