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Over 1,000 Guyanese worked on projects that delivered historic first oil

OilNOW -
Over 1,000 Guyanese worked on projects that culminated with the commissioning of the country’s first Floating Production Storage and Offloading (FPSO) vessel back in June 2019, in Singapore. Today marks two years since the SBM Offshore built and operated Liza...
News

Authorities reviewing development plan for Guyana’s largest offshore project

OilNOW -
Guyana’s Minister of natural Resources (MNR), Vickram Bharrat, on Monday participated and delivered remarks at a virtual stakeholder meeting to officially commence the review of the Yellowtail Field Development Plan (FDP). ExxonMobil affiliate Esso Exploration & Production Guyana Limited (EEPGL)...
News

Ghana oil production will drop to around 146,500 bpd in 2022 – Platts

OilNOW -
Ghana's oil production is set to decline in 2022 as a result of coronavirus-related restrictions, which deferred work programs and other activities in 2020, the head of production at the country's state-owned oil company told S&P Global Platts. The West...
Exploration

Hess closing Guyana investments for 2021 at US$750 million; US$1 billion budgeted for 2022

OilNOW -
Hess Corporation, one of the co-venturers on the prolific Stabroek block, announced last week that it will close 2021 spending on its Guyana development at US$750M. Going into 2022, Hess’ Executive Vice President and Chief Financial Officer John Rielly said that...
News

Hess maintains financial strength with US$155M net income in Q3

OilNOW -
Hess Corporation disclosed during its earnings call on Wednesday that it closed the 2021 third quarter with a net income of US$115 million, or US$0.37 per common share, compared with a net loss of US$243 million, or US$0.80 per...
Exploration

Liza Unity FPSO to develop approximately 600 million barrels of oil – ExxonMobil

OilNOW -
With the arrival of Liza Unity floating, production, storage and offloading (FPSO) unit, Guyana’s oil production is expected to triple by 2022 as the vessel is set to develop approximately 600 million barrels of oil. ExxonMobil Guyana in a statement...
News

Yellowtail targeting up to 67 development wells

OilNOW -
The Yellowtail and Redtail fields will be developed with approximately 41 to 67 development wells drilled from six drill centers, each with separate production, gas re-injection, and water injection manifolds. According to the preliminary field layout for the Project...
News

Norway group sees more upside to Guyana’s mega 10 billion barrel oil resources

OilNOW -
Guyana is one of the most promising plays to have been opened in the last decade following the discovery of the giant pre-salt reservoir in Brazil, says independent energy research and business intelligence company Rystad Energy. The new oil producing...
News

10 solar farms underway for Guyana’s clean energy agenda

OilNOW -
Guyana has galvanized funding from various sources to finance the construction of 10 solar farms across the country, in keeping with the government’s plan to diversify its energy mix. Using part of the proceeds from an Inter-American Development Bank (IADB)...
News

Exxon advancing installation activities for Liza Unity FPSO

OilNOW -
Guyana’s Maritime Administration Department (MARAD) has announced that preparations for commencement of installation activities at the Stabroek Block for the Liza Unity Floating Production Storage and Offloading (FPSO) vessel will soon get underway, as the South American country prepares...
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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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