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Gas pipeline could be Guyana’s lifeline to rapid industrial development

OilNOW -
New oil producer Guyana is looking to move forward with a US$900 million gas-to-energy project which authorities say will play a major transformational role in the country’s development. The project, to be located at the Wales Development Zone, West Bank...
News

Guyana Liza Project takes centre stage on day 1 of OTC

OilNOW -
A technical session on Guyana’s Liza project drew a capacity audience on Monday at the Offshore Technology Conference (OTC) being held in Houston, Texas. Presentations were made by several ExxonMobil representatives covering the company’s exploration history in the Guyana basin,...
News

1 million barrels of Guyana oil could hit the market at height of global supply crunch

OilNOW -
The rapid increase in oil production offshore Guyana will perhaps be coming at one of the most opportune times in the boom-and-bust cycle of the industry as more experts agree that a major supply crunch is on its way...
News

Guyana set to receive biggest pay yet for export of Liza Crude this week

OilNOW -
Guyana is lifting another tanker load of oil this week, representing the country’s share of production from the Liza Phase 1 Development. This comes at a time when Brent is trading around $75 a barrel, the highest it has...
News

12-inch pipeline will have capacity to deliver up to 130 million cubic feet of gas per day

OilNOW -
Authorities in Guyana are looking to ensure the infrastructure that is being built in partnership with ExxonMobil to deliver gas from the offshore Liza field can facilitate increased power generation as economic activity picks up and industry expands. The Gas-to-Energy...
News

Dutch ship builder completes US$1.05 billion financing for Prosperity FPSO

OilNOW -
SBM Offshore, a leading Dutch company specialising in the construction of floating production and mooring vessels or systems, on Friday announced that it has completed the project financing for the Prosperity floating production, storage and offloading (FPSO) vessel which...
News

16 development wells to be ready for Liza 2 start-up, open water works underway for Payara – Exxon

OilNOW -
Guyana offshore is set to get even busier in the coming months as preparations for Liza Phase 2 continue and preliminary activities for a third project at the Payara field get underway. This is in addition to an aggressive...
News

Stabroek co-venturer identifies potential 5th and 6th developments

OilNOW -
While the Stabroek Block co-venturers are pleased with the recent appraisal results at Longtail-3, the 20th commercial discovery on the offshore concession, it is highly likely that two other prospects will be next in line for development says Chief...
News

Guyana’s huge offshore developments take centre-stage at opening of ‘Gateway’ event

OilNOW -
Guyana’s massive hydrocarbon resources and offshore development plans were the key focal points at the opening of the 4th Annual Aberdeen-Guyana Gateway event on Tuesday, June 22. The 2-day event is bringing together the Aberdeen and Guyana energy communities...
Exploration

Exxon moves to Whiptail as 15-well Guyana campaign ramps up

OilNOW -
Fresh off a new discovery announced just last week, U.S. oil major ExxonMobil is now moving to Whiptail, another prospect on the 6.6 million acres Stabroek Block where over 9 billion barrels of oil equivalent have been found since...
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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...

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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