Production

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Petrobras adds 80,000 bpd to Campos basin output

OilNOW -
Brazilian company Petrobras has initiated production from the Anita Garibaldi floating production, storage and offloading (FPSO) vessel in the Campos Basin, offshore Brazil. The FPSO is poised to operate concurrently in the post-salt and pre-salt regions of the Marlim and...
News

Steady output at Liza projects in June delivered highest daily volumes yet

Kemol King -
The Stabroek Block’s Liza projects delivered steady volumes at peak levels in June 2023, resulting in the highest daily volumes yet.  Liza Phase 1 delivered 154,790 barrels per day (bpd), totaling 4.3 million barrels over the full month. Liza Phase...
News

With a population roughly that of Nottingham, Guyana on the verge of producing more oil per person than anywhere else in the world –...

OilNOW -
Based on current output across the region, Guyana is expected to become the second-largest oil producer in South America after Brazil, with its oil production projected to reach 1.2 million barrels per day (bpd) by 2027. When it reaches...
News

Noble rig conducting operations at Payara as first oil nears

OilNOW -
Development drilling operations remain in high gear at ExxonMobil’s latest project off the Guyana coast, set to come online later this year. The Noble Bob Douglas will conduct activities which will conclude on August 31, according to a notice from...
News

Highest to date: Liza field output was 11.6 million barrels in May 2023

Kemol King -
ExxonMobil’s Liza projects produced 11.6 million barrels of crude in May, at 374,450 barrels per day (bpd). This was constituted by production of 4.8 million barrels at Liza Phase 1, and 4.8 million barrels at Phase 2.  May output also...
News

SBM Offshore’s new build FPSO receives $1.615 billion project financing for Mero Field in Brazil

OilNOW -
SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...
News

Liza 2 was second highest producing project in South America in 2022 – GlobalData

OilNOW -
Data analytics and information service, GlobalData, said ExxonMobil’s Liza Phase 2 project offshore Guyana had the second-highest oil and condensate production in South America in 2022. It expects the project to produce until 2043. Below is a chart showing the...
News

Liza Phase Two production dips in second half of April

Kemol King -
Production guidance from Hess Corporation for the Stabroek Block indicates a reduction in 2023 Q2 compared to the prior quarter, as Exxon moves to execute maintenance on the Liza Phase 2 project.  Net production for Hess, a 30% stakeholder in...
News

ExxonMobil’s Liza field surges to 45 million barrels in first four months of 2023

Kemol King -
ExxonMobil’s Liza field offshore Guyana produced more than 45 million barrels of crude in the first four months of 2023. This represents a 163% increase over the 17 million barrels produced in the same period last year.  Data from Guyana’s...
Exploration

From Africa to South America, leaders say environmental lobby hindering development

OilNOW -
In a world grappling with the urgent need to combat climate change, the western environmental lobby stands accused of putting some nations between a rock and a hard place. A divide seems to be emerging between anti-oil activists and...
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Guyana’s AFC party promises transparency, amended contracts in oil sector if it wins elections

Guyana’s Alliance for Change (AFC) political party is promising oil and gas transparency reforms and a review of existing...

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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