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Tanker to soon lift first one million barrels of oil from Stabroek Block

OilNOW -
The Yannis P – a Marshall Islands registered crude oil tanker will soon lift the first one million barrels of crude from the Stabroek Block offshore Guyana. Production in Guyana commenced on December 20, 2019, less than five years after...
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Tullow Oil not likely to drill any Guyana wells this year

OilNOW -
UK-based Tullow Oil, reeling from disappointing results from its offshore campaigns in the South American country of Guyana, may not drill anymore wells there this year. The company said exploration write-offs of approximately $1.5 billion dollars include the Jethro, Joe...
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Dozens gather in Georgetown for first glimpse of ‘light sweet’ Liza Crude

OilNOW -
Guyanese onshore will now have an opportunity to see first-hand a sample of the black gold being produced 120 miles off of its coast that is set to change the course of the South American country’s history. The Department of...
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“Don’t spend money you don’t have’ warns oil expert

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Guyana, now poised to be the biggest per capita oil producer in the world in coming years, has a unique opportunity having now entered the oil and gas industry, to learn from the multitude of mistakes made by other...
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OPEC names Guyana in ‘growing supply threat from rivals’ forecast

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The Organization of Petroleum Exporting Countries (OPEC) in its latest forecast points to a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices. In...
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Brazil’s Petrobras closes $1.5 billion deal to sell stake in African joint venture

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(Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it had ended its activities in Africa after closing the sale of a 50% stake in Petrobras Oil & Gas BV (PO&GBV), which holds some Nigerian oil...
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First sample of Liza crude tested by Guyanese technician

OilNOW -
The first drop of oil to be taken from the Liza field was received and tested by a young Guyanese technician on board the country’s first floating oil production complex spread moored at the 6.6 million acres Stabroek Block. For...
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Suriname refinery to shut down for 40 days

OilNOW -
Suriname state oil company Staatsolie Maatschappij will undertake a major maintenance operation at its Tout Lui Faut Refinery, located 20km south of Paramaribo in February that will see the facility shutting down for 40 days. All production units with their...
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Tullow Oil ‘high-grading’ Cretaceous portfolio across Kanuku, Orinduik blocks

OilNOW -
Tullow Oil says the fundamentals of its business remain intact and the company is confident of the long-term potential of its portfolio which includes exploration acreage offshore the South American country of Guyana where 3 discoveries have been made. Tullow...
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Giant Liza Phase 2 project among top 15 approved worldwide for 2019 – Rystad Energy

OilNOW -
Energy sector analyst Rystad Energy has ranked the Liza Phase 2 development at the 6.6 million acres Stabroek Block offshore Guyana as being among the top 15 approved offshore projects in the world for 2019 in terms of capital...
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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...

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