Production

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Production from first three Guyana projects could hit 624,000 bpd

OilNOW -
ExxonMobil, operator of Guyana’s Stabroek Block, is well positioned to optimise its offshore projects, thereby delivering hundreds of millions in additional annual revenues. Liza Phase 2 and Payara, ExxonMobil’s second and third Stabroek Block projects, each have the capacity...
News

EPA renews ExxonMobil’s Liza-1 permit

OilNOW -
The Environmental Protection Agency (EPA) has renewed ExxonMobil's environmental permit for the Liza Phase One project. It announced the official renewal on Tuesday evening. See below for the full statement: The Environmental Protection Agency (EPA) has renewed the Environmental Permit for...
News

Chevron sanctions new GoM project, will add up to 75,000 bpd

OilNOW -
Chevron Corporation announced Tuesday it has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback...
Exploration

Exxon eyes bigger production facilities, extending current projects – Darren Woods

OilNOW -
Guyana’s prolific Stabroek Block holds an estimated 11 billion barrels of oil equivalent with only a fraction of the 6.6 million acres (26,800 square kilometers) explored by operator ExxonMobil and its partners Hess and CNOOC so far. More exploration activities are on the...
News

Hess aiming to lift 23 million barrels from Stabroek Block for remainder of 2022

OilNOW -
Stabroek Block co-venturer, Hess, expects to lift some 23 million barrels of oil in the remaining quarters of the year, representing an increase in its initial output for 2022. John Rielly, Hess’ Chief Financial Officer made the disclosure to investors...
News

Exxon hikes capacity at Liza Destiny, schedules Payara for early startup

OilNOW -
In addition to the announcement of three new discoveries on Tuesday, ExxonMobil Guyana bore more good news with its hiking of production capacity at Liza Phase One and scheduled first oil for the Payara project. Liza Phase One The company increased...
News

Guyana to rake in around US$106M for first lift of Unity Gold

OilNOW -
As Guyana prepares to receive its first entitlement lift of Unity Gold from the Liza Phase Two development, government expects about US$106 million to be deposited into the Natural Resource Fund from its sale. “The usual lifting entitlement amount of...
News

Lifting of topsides begins for Guyana’s third FPSO

OilNOW -
SBM Offshore posted footage of the lifting of the first series of topside modules onto the hull of the Prosperity floating production, storage and offloading (FPSO) vessel, on Wednesday. Work on the FPSO for ExxonMobil Guyana’s third development project at...
News

EPA ties ExxonMobil’s Yellowtail permit to rigid provisions for reducing emissions

OilNOW -
While the Environmental Protection Agency (EPA) has granted ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) permission to move ahead with its US$10B Yellowtail Project, it has done so with several rigid conditionalities attached. With respect to air management,...
News

Shell starts up gas production at Colibri project offshore Trinidad

OilNOW -
Shell Trinidad and Tobago (T&T), through Shell PLC subsidiary BG International Ltd., announced recently that it started production at the Colibri natural gas field offshore the Twin Island Republic. In a statement, the company explained that ‘Project Colibri’ is a backfill project that is expected to...
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TotalEnergies’ Gran Morgu project will drive local participation in 45 sectors – Suriname GM 

Suriname companies and workers in 45 sectors will have opportunities to participate in the development phase of the Gran...

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