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No basis for renegotiating ExxonMobil contract says Guyana’s Finance Minister

OilNOW -
Guyana’s Minister of Finance, Winston Jordan, says there is absolutely no basis for a renegotiation of the contract between the country and US super-major ExxonMobil, for oil production set to begin in 2020. The South American country is expected to...
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Gas starts flowing from BP’s new fields offshore Trinidad and Australia

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(Reuters) - BP has started producing gas from two new projects offshore Trinidad and Tobago and Australia; the company said on Monday, further boosting output that is helping the company to turn a corner after a bruising market downturn. Gas...
News

Liza Phase 2 targeted for 2023; proposed natural gas project being discussed

OilNOW -
The ExxonMobil Liza Phase 2 development project in Guyana could start as early as 2023, following the commencement of Phase 1 scheduled for mid-2020 which will bring first oil for the South American country. Discussions are also ongoing for a...
News

Smart start needed for oil production; not perfection – Regulatory Consultant

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Guyana must think smart and utilize the little time it has available to create a robust regulatory framework, before commercial oil production begins in 2020, advises regulatory professional and risk consultant, Peter Wilkinson. He said based on the time remaining...
News

14 Guyanese to receive oil & gas training for jobs on multiple offshore projects

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Fourteen Guyanese will soon be undergoing rigorous training in Trinidad and Tobago to acquire skills for the oil and gas industry, after which they will be deployed on a number of offshore projects. This initiative is the start of what...
News

SBM says work on development of FPSO for Liza project “progressing well”

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SBM offshore, the company contracted by ExxonMobil to install, lease and operate a Floating Production, Storage and Offloading Vessel (FPSO) for the Liza project in Guyana, says work is progressing well on schedule. At the end of 2016, SBM Offshore...
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OPEC forecast higher demand for its crude in 2018 due to rising global consumption.

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(Reuters) - OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a stronger oil market that suggest an OPEC-led production cut is getting rid of price-sapping excess...
Exploration

ExxonMobil looking forward to results from new drilling campaign at Turbot field

OilNOW -
The ExxonMobil team in Guyana is said to be in high spirits as a new oil exploration campaign is set to begin at the Turbot-1 well located 107 nautical miles offshore the South American country. The US super-major has...
News

Transocean shares outlook for offshore drilling

OilNOW -
(Market Realist) In its 2Q17 conference call, Transocean (RIG) shared its outlook for the offshore drilling market. The company’s view of the industry could also shed some light on the outlook for offshore peers (IYE) Seadrill (SDRL), Diamond Offshore (DO),...
News

Regulations on paper mean nothing if there is no leadership, will to enforce – Energy Specialist

OilNOW -
A Guyanese Engineer with years of experience working in the United States Department of Energy says the leadership and will to enforce regulations will determine if Guyana is to avoid the misfortunes that have befallen many oil producing countries...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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