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19 wells ‘ready to go’ as Liza Unity FPSO undergoes final hook-up, commissioning

OilNOW -
The Liza Unity Floating Production Storage and Offloading (FPSO) vessel is undergoing final hook-up and commissioning at the ExxonMobil-operated Stabroek Block offshore Guyana in preparation for the start of oil production at the Liza Phase 2 Development. “Unity is on...
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The world needs Guyana’s low carbon intensity oil developments, Hess tells investors

OilNOW -
The world’s newest oil producing nation is positioned to play a major role in delivering low carbon intensity barrels to a global economy still dependent on fossil fuel to meet its energy needs. Guyana, a nation bordering Venezuela and Brazil...
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Norway group estimates Stabroek Block now holds more than 13.5 billion boe

OilNOW -
‘Hook, line and sinker’ is the phrase being used by Norway-based Rystad Energy to describe ExxonMobil’s spectacular start to the new year in Guyana where it made two more discoveries at the Stabroek Block, its most lucrative license offshore...
News

EPA amends Liza Phase Two Permit to include US$45 flaring payment

OilNOW -
With the Liza Phase Two Project scheduled for start-up this quarter, Guyana’s Environmental Protection Agency (EPA) has found it prudent to make some critical modifications to the permit issued to Operator, ExxonMobil. In the permit modified and signed on January...
News

Exxon has sanctioned development of about 560,000 bpd so far in Guyana

OilNOW -
With over 10 billion barrels of oil equivalent resources discovered at Guyana’s Stabroek Block since 2015, operator ExxonMobil has sanctioned around 560,000 barrels per day (bpd) so far and is set to add another 250,000 when its largest project...
News

CNOOC excited about Liza Phase Two start-up; outlines 2022 business strategy

OilNOW -
China National Offshore Oil Corporation (CNOOC) which has a 25 percent working interest in the Stabroek Block, outlined on Tuesday, key details of its 2022 business strategy. The company said that it has 13 new projects coming on stream that...
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Oil prices not likely to rise above $100/bbl this year for any sustained period – WoodMac

OilNOW -
U.K. based consultancy group Wood Mackenzie says it is unlikely that oil prices will rise above $100 a barrel (bbl) for any sustained period in this year. “Under the careful stewardship of OPEC+, the market is back in balance again...
News

Liza Unity start-up, gas-to-energy FID among major projects for Exxon this year – Routledge

OilNOW -
Guyana’s oil production will almost triple this year as the state-of-the-art Liza Unity floating production storage and offloading (FPSO) vessel comes on stream, adding to the output from its sister unit, the Liza Destiny. ExxonMobil is also looking to make...
News

Exxon looking at up to $1.9B in Q4 operating gains

OilNOW -
According to its latest 8-K filing, Exxon Mobil (NYSE:XOM) expects changes in natural gas prices will raise Q4 earnings by $700M-$1.1B compared with Q2 and changes in liquids prices will lift earnings by $400M-$800M. According to an article published on...
News

Liza Destiny FPSO racks up over 800 days with no recordable incident – Routledge

OilNOW -
The Liza Destiny FPSO, Guyana’s first oil production vessel, has racked up over 800 days with no recordable incident offshore the South American country where it has been producing oil for the past 24 months. The vessel, built and operated...
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SBM sponsors international trips, science equipment for winners of Guyana mousetrap competition

SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving...

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