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Exploration

Multiple wells under drill bit at Stabroek Block as explorers look to identify 5th and 6th developments

OilNOW -
The planned exploration and appraisal drilling campaigns offshore Guyana are now in high gear with forays set to start and others ongoing at multiple wells in the 6.6 million acres Stabroek Block. OilNOW understands that the Stabroek Block exploration programme...
News

Hess reports US$252 million net income for Q1 2021, says Guyana projects remain on schedule

OilNOW -
Hess Corporation which holds a 30 percent stake in the Stabroek Block offshore Guyana reported on Wednesday a net income of of US$252 million for the first quarter of 2021. Turning its attention to operations at the Stabroek Block, the...
News

Exxon confirms Yellowtail as 4th development being targeted at Stabroek Block

OilNOW -
In announcing its 19th oil discovery at the Stabroek Block offshore Guyana on Tuesday, ExxonMobil also confirmed that it will be pursuing its fourth development in the Yellowtail area located 19 miles (30 kilometers) southeast of the Liza developments....
Exploration

Exxon hits pay at Uaru-2 in 19th Guyana oil discovery

OilNOW -
ExxonMobil announced on Tuesday its 19th discovery offshore the South American country of Guyana at the Uaru-2 well which will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be...
News

TechnipFMC secures major subsea contract for Brazil field developments

OilNOW -
TechnipFMC has been awarded a major subsea contract from Petrobras for the Marlim and Voador fields, located offshore Brazil. TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes...
News

Close to US$160M a year will be saved in power cost from gas pipeline – Guyana’s VP

OilNOW -
The benefits and implications of landing a gas pipeline onshore from the Liza Phase 1 Development continue to engage the public’s attention in Guyana with the government projecting massive savings from a reduction in the cost of power, while...
News

Shell to kick off Brazil drilling campaign in second half of 2021

OilNOW -
(S&P Global Platts) Shell plans to carry out a drilling campaign offshore Brazil in the second half of 2021, Shell Brasil President Andre Araujo said April 16. "Yes, we're going to have a drilling campaign in 2021, with the timing...

Liza Phase 2 Development Project Permit

OilNOW -
https://oilnow.gy/wp-content/uploads/2021/03/Liza-2-Amended-Permit.pdf    
News

Oil production will soon exceed 1 barrel per day for every Guyanese in-country

OilNOW -
Guyana’s move towards becoming one of the top oil producers in the western hemisphere is likely to be realized even before the decade comes to an end as plans to develop its multi-billion-barrel oil fields move full steam ahead....
News

Liza Phase 1 Environmental Permit allows for flaring during process upsets, maintenance events

OilNOW -
The Environmental Permit issued to ExxonMobil Guyana on June 1, 2017 by the Environmental Protection Agency (EPA) for the Liza Phase 1 Development allows for flaring under certain conditions and outlines measures that should be compiled with when such...
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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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