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Guyana oil reserves now exceed 4 billion barrels; daily estimated production to hit 700,000 – Wood Mack

OilNOW -
UK-based industry analyst, Wood Mackenzie, says the most recent oil discovery made by ExxonMobil in Guyana could push daily production to 700,000 barrels of oil per day by 2027 while estimating total recoverable reserves in the Stabroek Block to...
News

Jack up and semi-submersible rig options look promising for Eco Atlantic – Colin Kinley

OilNOW -
Eco (Atlantic) Oil and Gas’ Chief Operating Officer Colin Kinley said that both jack up and semi-submersible drilling targets in the Orinduik block offshore Guyana reflect very positive economics for development. Kinley said, "Exxon's Longtail-1 discovery in the Stabroek Block, further...
News

EIA says U.S. imports of Venezuelan crude oil at lowest levels since 1993

OilNOW -
The U.S. Energy Information Administration (EIA) reported that as of the first quarter of 2018, U.S. imports of crude oil from Venezuela reached their lowest levels since January 1993. The report said that Venezuela’s crude oil exports to the United...
News

Kosmos Energy plugs, abandons Anapai after failing to find hydrocarbons

OilNOW -
Kosmos Energy (NYSE: KOS) (LSE: KOS) said Tuesday that drilling at the Anapai-1A exploration well located in Block 45 offshore Suriname has failed to find any hydrocarbons. Anapai-1A was drilled to a total depth of 4,556 meters and was designed to...
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World Bank green-lights US$35M to boost Guyana’s oil & gas preparations

OilNOW -
The World Bank Group announced on Monday that it has approved a US$35 million Development Policy Credit to support Guyana’s efforts to strengthen financial sector development and fiscal management to better prepare the country to benefit from its newly...
Exploration

Hammerhead is next stop for Stena Carron as oil search continues offshore Guyana

OilNOW -
Fresh off of its eight oil discovery offshore Guyana, ExxonMobil is set to continue its exploration campaign at Hammerhead-1 in the 6.6 million acres Stabroek Block. Senior Director, Public and Government Affairs, Kimberly Brasington, said the Stena Carron will soon...
News

Increased shorebase services will be needed for Liza Phase 2

OilNOW -
As plans continue for the much bigger Liza Phase 2 development project in Guyana, more opportunity will be created for shorebase facilities to service the rapidly expanding activities in the 6.6 million acres Stabroek Block. The Liza field will be...
News

Guyanese must be main beneficiaries of oil & gas – new PSC Chairman

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Newly elected Chairman of the Private Sector Commission of Guyana (PSC), Desmond Sears, says the umbrella body representing businesses in the South American country will continue to advocate for Guyanese, both home and abroad, to be the main beneficiaries...
News

‘You have to decide whether you’re at the table or on the menu’ – Repsol’s Ryan Ramjit

OilNOW -
- Said EITI reporting mechanism helps to answer this question Alternate member of the Guyana Extractive Industries Transparency Initiative (GYEITI) Multi-Stakeholder Group (MSG) representing Industry Ryan Ramjit sounded a dire warning to Guyana during a community outreach meeting in Bartica...
News

Updated resource estimate for Stabroek Block still being assessed – Brasington

OilNOW -
Exxonmobil Guyana says assessments are still ongoing to determine what the updated total estimated recoverable reserves in the 6.6 million acres Stabroek Block now stands at. The US oil major announced its eighth oil discovery offshore Guyana at the Longtail-1 well...
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SBM Offshore targets 25% female participation in training programs

SBM Offshore Guyana is working to boost female participation in its training programs, aiming for a 25% representation, its...

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