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Tankers brace for challenging quarter, Guyana long voyages bring hope – Platts

OilNOW -
Over the next three months clean and dirty tankers across the globe will face challenges due to lower oil trade flow, weak refining margins and lingering supply cuts, and will be looking for longer voyages from places such as...
News

Most of Exxon’s support operations that came from Trinidad now migrated to Guyana – Routledge

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ExxonMobil Guyana says it remains committed to a local content framework that supports the implementation of effective measures that would help to build a globally competitive workforce and supply base in the new oil producing South American country. The...
News

Cost of gas to power project will be ‘very small percentage’ of Stabroek Block ‘cost pool’ – Ramnarine

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The estimated US$600 million to US$800 million cost to run a gas pipeline from the Liza field to shore in Guyana will not make much of a difference to the overall economics of the Stabroek Block. So says former...
News

Around 3 Suezmax-sized cargoes load in Guyana each month for multiple destinations

OilNOW -
There are approximately three Suezmax-sized cargoes that load in Guyana each month, a pattern seen since October 2020, according to cFlow, an S&P Global Platts trade-flow software. These cargos are lifted for ExxonMobil, operator at the Stabroek block, co-venturers...
Exploration

Will Guyana oil resources remain relevant as the energy transition takes hold?

OilNOW -
Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040, according to research conducted by consultancy group Wood Mackenzie. "Exploration will be critical...
News

Guyana mega discoveries, exploration potential shine at opening of oil summit

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Guyana’s oil basin took center-stage as the virtual ‘Guyana Basins Summit 2021’ opened on March 17 with presenters declaring that the nation’s vast hydrocarbon resources could propel rapid development of the petroleum industry across the Guianas in north-eastern South...
News

Apache, Total attempting in Suriname what ExxonMobil accomplished in Guyana

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(S&P Global Platts) Total and Apache Corp. will continue their oil exploration program offshore of Suriname after ceasing drilling in one key test well upon facing "substantial pressure increases," but only after they had already struck oil at shallower...
Exploration

Guyana, Suriname leading Caribbean drilling – what about T&T?

OilNOW -
Originally published in the Geological Society of Trinidad and Tobago (GSTT) HAMMER Magazine – February 2021 The CARICOM region is now one of the hot spots globally for oil and gas activity, with most of the drilling taking place in Guyana...
News

Big ramp up in Guyana offshore activities see Exxon looking to expand shore base services

OilNOW -
ExxonMobil Guyana is planning to put in place an enabling agreement for project shore base facilities, equipment, and services to support future projects in the new South American oil producing country. The energy company is looking to identify Contractors who...
News

Suriname looking to follow Guyana in major oil production ramp up, no plans to delay

OilNOW -
Suriname is forging ahead with its offshore oil and gas exploration activities and is targeting 2025 for first oil in a rapid production ramp up similar to its western neighbour Guyana where oil production began just under 5 years...
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Spain-bound tanker departs Guyana with second Yellowtail cargo – OilX

The Nordic Zenith tanker has departed ExxonMobil Guyana’s ONE GUYANA floating production vessel with the second cargo of crude...

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