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Liza Phase 2 could push Guyana total oil production to 340,000 bpd by 2022

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US oil major ExxonMobil has confirmed that a process is underway that could see a Liza Phase 2 development getting underway as early as 2022. This combined with Liza Phase 1 production, set to come on stream in 2020,...
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CGX Energy CEO quits, Narine to act as Executive Chairman

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Canadian-based oil and gas exploration company CGX Energy has accepted the resignation of its Chief Executive Officer. CGX Energy, focused on the exploration of oil in the Guyana-Suriname Basin, said on Wednesday it accepted the resignation of CEO Dewi Jones, effective January 8, 2018. Dewi Jones,...
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Tullow picks up 6 new licences offshore Peru; eyes drilling in 2019

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Tullow today announced that it has agreed on terms to add six new licences covering 28,000 sq km, offshore Peru, South America, to its portfolio. “The Group has concluded negotiations with Perupetro and agreed to acquire a 100% stake in...
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Stones FPSO designed for swift disconnection from approaching storms

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(Offshore) The FPSO Turritella in the Gulf of Mexico is in the deepest-water setting of any floating production system to date, at around 2,900 m (9,500 ft). The location and the demanding operating environment – as evidenced by this season’s powerful...
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ExxonMobil moving towards potential giant Liza Phase 2 development; could start by 2022

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ExxonMobil Guyana said on Thursday it has submitted an application to the Environmental Protection Agency (EPA) for environmental authorization as part of the company’s plans for a potential production concept for Liza Phase 2. “Given we receive all the permits...
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Big oil looks on as Italian giant completes ‘mission impossible’

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(Bloomberg) The fact even senior managers privately described the plan as “Mission Impossible” showed the scale of the task: Italian energy giant Eni SpA wanted to produce gas from the Zohr field little more than two years after finding it in...
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Global demand continues to make Guyana’s oil discoveries profitable – Ambassador Quinn

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British High Commissioner to Guyana, Gregory Quinn believes Guyanese need not worry about the threats of alternative and other types of green energy to its emerging oil and gas industry, since demand will “continue to make what has been...
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Norway’s 2022 oil and gas output forecast close to record high – NPD

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(Reuters) - Norwegian oil and gas investments will begin to rise in 2018 after falling for the last four years, the Norwegian Petroleum Directorate (NPD) said on Thursday. By 2022, the combined output of oil and gas from the country’s...
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Tullow plans to bring forward Guyana drilling to 2018

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Tullow Oil plc said that preparations are underway for drilling offshore Guyana possibly in late 2018. This is according to an operational update the company issued on Wednesday. The company said that it is currently processing seismic data with a...
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SOCU needs resources, cooperation to investigate O&G financial crimes – UK Expert

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British financial crimes expert, Dr. Sam Sittlington has expressed reservations over the level of resourcing afforded to the Guyana Police Force’s Special Organised Crime Unit (SOCU) but believes the unit will be able to effectively investigate malfeasance and other...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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