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Liza Phase 2 targeting 600 million barrels of oil

OilNOW -
ExxonMobil’s recently sanctioned Liza Phase 2 development offshore Guyana will be targeting 600 million barrels of oil when it gets underway in 2022. The US$6 billion Liza Phase 2 Development project was sanctioned in May and will have a total...
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ExxonMobil plugs millions into ‘job readiness programme’

OilNOW -
ExxonMobil Guyana has provided some 15 million GYD to SSYDR Inc. a not for profit organization, to roll out a job readiness programme in several communities across the country. Employment Attack 102 is a summer camp geared at preparing young...
Exploration

Liza development drilling, installation 70% complete

OilNOW -
Drilling of the development wells for the Liza Phase 1 project and installation of subsea equipment are 70 percent complete as the South American country of Guyana forges ahead to first oil now just months away. “Drilling of the Phase...
Exploration

Stabroek resources now exceed 6 billion barrels – Hess

OilNOW -
Gross resources at Guyana’s Stabroek Block now exceed 6 billion barrels of oil equivalent and potential for future multi-billion-barrel discoveries remain high. Speaking on its Q2 2019 earnings call on Wednesday, CEO of Hess corporation, John Hess, said the estimated...
Exploration

Eco Atlantic closes financial year with strong balance sheet amid Guyana prospects

OilNOW -
Eco (Atlantic) Oil & Gas Ltd (AIM: ECO, TSX-V: EOG) announced Tuesday that it has ended the financial year with cash and cash equivalents of CAD 25.0 million. As of 31 March 2019, Eco had total assets of CAD...
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Liza Destiny crew training for emergency response

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The crew that is onboard the Liza Destiny—the  Floating, Production, Storage and Offloading (FPSO) vessel that is currently en route to Guyana—has been engaging in emergency response activities and other safety training while the vessel travels to the South...
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BP and Eni sign E&P deal for Oman acreage

OilNOW -
BP and Eni on Wednesday signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sultanate of Oman. Block 77 covers a total area of over 2,700 square kilometres. BP and...
Exploration

Guyana says Qatar Petroleum farm-in ‘substantially unclear’

OilNOW -
Hours after Qatar Petroleum announced that it had entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana, the country’s energy director told reporters the deal remains ‘substantially unclear’ and...
News

Stakeholders to review final draft of local content policy

OilNOW -
Private sector groups and other stakeholders in Guyana will soon receive the final draft of the local content policy framework for review. Speaking at a press conference on Monday in Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark...
News

Tender to be put out soon for marketing Guyana’s share of oil

OilNOW -
The Guyana government will be selling its own share of crude when production starts at the Liza Phase 1 Development project, just months away, and a tender for this will be put out before the end of the year....
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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