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Technology and Innovation: The gateway to development for the Guyanese people

OilNOW -
By Christina Caus - OilNOW We live in vulnerable energy times. The energy crisis, climate change, and energy transition are all shaking and shaping the global future.  "The energy realities of the world remind us that oil and gas will be here for decades to...
News

Two-thirds of Guyana offshore development costs pumped into wells, subsea infrastructure – Routledge

OilNOW -
ExxonMobil’s projects in Guyana’s Stabroek Block carry hefty prices. Its fifth – Uaru – carries the highest thus far: US$12.683 billion, since it will be the biggest offshore development, rivalling neighbouring Brazil. These projects require massive floating, production, storage and offloading...
News

Guyana’s Stabroek Block produced 11.5 million barrels of crude in January 2023

Kemol King -
ExxonMobil produced 11.5 million barrels of crude oil from the Stabroek Block’s Liza projects in January, marking a strong open to 2023. Production averaged 372,000 barrels per day (bpd), according to data from Guyana’s Petroleum Management Programme. The Liza Phase...
Business Wire

Data Presented on Gamida Cell’s Omidubicel, GDA-201 at the 2023 Tandem Meetings of ASTCT and CIBMTR

New data add to the body of evidence supporting efficacy of omidubicel, Gamida Cell’s lead product candidate, which has a target PDUFA action date with U.S. Food and Drug Administration (FDA) of May 1, 2023 New data for GDA-201, Gamida...
News

Exxon’s new US$160M Guyana base to feature state-of-the-art offshore command centre

OilNOW -
An offshore command centre is being built within ExxonMobil Guyana’s new operating base, currently under construction at Ogle, East Coast Demerara. Its President, Alistair Routledge told a news conference on Feb. 9 that the building – which recently gained the...
News

Exxon cops OTC award for Liza developments offshore Guyana

OilNOW -
The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso Exploration and Production Guyana Limited’s Liza Developments in the offshore Stabroek Block. OTC said Liza Phase 1 was “one of the...
News

PROSPERITY UPDATES: FPSO to set sail for Guyana in Q1 2023 – Hess

OilNOW -
The Prosperity floating production, storage, and offloading (FPSO) vessel is expected to set sail from the Keppel shipyard in Singapore in the first quarter of this year for Guyana where it will produce oil and gas for the next...
News

Exxon wrapped up Guyana operations in 2022 with 11.5 million barrels in December

Kemol King -
Closing out 2022, ExxonMobil produced 11.5 million barrels of oil from the Stabroek Block Liza projects, averaging 371,400 barrels per day (bpd). From Liza Phase 1, the Liza Destiny floating production, storage, and offloading (FPSO) vessel extracted 4.286 million barrels,...
Exploration

‘Biodegradation risk’ could hamper some of Guyana’s offshore developments – S&P Global

OilNOW -
Although being the holder of the world’s 17th largest oil reserves with an exploration success rate that is more than double the global average, offshore operations in the Guyana basin still come with risks. In its latest assessment and...
News

Exxon produced 10.78 million crude barrels offshore Guyana in November

Kemol King -
ExxonMobil Guyana produced 10.78 million barrels of crude in November 2022, according to public data from the government’s Petroleum Management Programme. Total production averaged 359,490 barrels per day (bpd). This comprised output from the Liza Phases One and Two projects...
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IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the...

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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