Production

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Experts finalizing recommendations for repair of discharge silencer

OilNOW -
Reassembly of the Liza Destiny FPSO flash gas compressor sent to Germany for repairs continues at the MAN Energy Solutions workshop. ExxonMobil Guyana said on Tuesday in an operations update that over the weekend, the MAN team completed adjustments to...
News

Brazil’s Enauta restarts production well after shutting down to replace oil heaters

OilNOW -
(S&P Global Platts) Brazilian independent oil and natural gas producer Enauta restarted a single production well at the offshore Atlanta Field, pumping about 10,400 b/d as expected, the company said Feb. 22. The 7-ATL-4HB-RJS well was restarted after swapping out...
Exploration

Guyana pushing big volumes in South America deepwater bonanza

OilNOW -
South America continues to be a major player in the global arena for deepwater discoveries, with Guyana pushing big volumes and massive potential finds remaining. According to Norway based Rystad Energy, the South America/Caribbean region was the clear winner...
News

No linkage between compressor issue, production optimization – ExxonMobil

OilNOW -
German engineering company MAN Energy Solutions says there is no linkage between technical issues encountered with the flash gas compressor on the Liza Destiny FPSO, and production optimization activities that were ongoing at the time the challenges were encountered. ExxonMobil...
News

Mechanical rework of Liza Destiny gas compressor underway

OilNOW -
ExxonMobil Guyana said on Tuesday technical experts in Germany continue to assess operating data and inspection findings in order to define the required scope of repairs to the compressor and silencer. This process also includes consideration of technical recommendations...
News

Equinor says Norway oil production at risk from strike

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(Reuters) - A potential strike at Norway’s Mongstad oil storage and export terminal could close down major North Sea oilfields next week and also hit gas exports to Europe, operator Equinor said on Friday. The Safe labour union, which plans...
Exploration

Guyana among top 10 countries where subsea boosting can add millions of barrels of oil to output – Rystad Energy

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Subsea boosting, which is the most mature technology within the subsea processing toolbox, can add millions of barrels to recoverable reserves and Guyana has been identified as one of the top 10 countries where such an intervention can be adopted. Norway-based...
News

Yellowtail cash flow amounts to almost US$10B over productive life – IHS Markit

OilNOW -
Due to the significant recoverable resources discovered at the Yellowtail field, IHS Markit estimates that total cash flow will amount to almost US$10B when ExxonMobil and co-venturers Hess and CNOCC move to develop the area. IHS, a global leader in information,...
Production

Understanding the FPSO

OilNOW -
The FPSO (Floating Production Storage and Offloading) system is used extensively by oil companies for the purpose of storing oil from the oil rigs in the middle of the ocean and in the high seas. It is one of...
Exploration

Average discovery size at Stabroek block is 500 million boe with a record 90% success rate

OilNOW -
Since 2015, ExxonMobil has made 18 discoveries at the Stabroek block offshore Guyana with just two non-commercial encounters – Skipjack-1 and Sorubim-1 – which demonstrate a 90% exploration success rate in the prolific Guyana-Suriname basin. The 18 discoveries so far...
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Guyana says Venezuela’s plan for election in Essequibo breaches peace accord and World Court order

The Guyana government said an apparent plan by Venezuela to host an election in the Essequibo region is a...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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