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Guyana seeking advisory services for transformational Gas-to-Energy project

OilNOW -
With Guyana’s massive Gas-to-Energy project on track for its 2024 start-up, the government through a request for proposals (RFP) is seeking consultants to provide legal and commercial advisory services along with negotiation support. The RFP published by the Ministry of...
Exploration

‘Never had an incident; we plan to keep it that way’ – ExxonMobil Guyana in emergency response training

OilNOW -
ExxonMobil Guyana wrapped up a two-day emergency response training exercise at the Marriott Hotel on Wednesday, to fortify the company’s strategies for incidents that could pose a threat to safety and the environment. The exercise is being conducted in cooperation...
News

Guyana Minister dispels claims government promised to renegotiate Exxon deal

OilNOW -
A Minister of Government in Guyana, Charles Ramson Jr., wrote a letter dispelling claims in one section of the local press that the People’s Progressive Party Civic (PPP/C) administration promised to renegotiate the Stabroek Block Production Sharing Agreement (PSA). The...
News

Exxon says potential exists to tie new oil finds at Stabroek Block into existing projects

OilNOW -
Production Manager for ExxonMobil Guyana, Mike Ryan, said there is potential to tie new discoveries at the Stabroek Block into existing offshore projects. The use of this engineering process, called subsea tieback, is a move that saves companies a fraction...
News

Pipe coating contract for Yellowtail awarded to Shawcor

OilNOW -
Canadian oilfield service company, Shawcor Ltd. said its pipe coating division has been awarded a definitive contract by Saipem for ExxonMobil’s fourth Stabroek Block development – Yellowtail. A definitive contract ranges between CA$40 million - CA$50 million. Shawcor will be providing...
News

Oil exports to surpass US$3B; to represent 59.7% of Guyana’s GDP this year – IDB

OilNOW -
The Inter-American Development Bank (IDB) has commented in one of its latest publications that Guyana’s oil boom will drive hydrocarbon exports beyond US$3 billion this year and also account for 59.7% of Gross Domestic Product (GDP). It further noted in...
News

Builder of Guyana FPSOs now has best delivery time in the world for high-capacity vessels

OilNOW -
Dutch floater specialist SBM Offshore is the only company in the world to deliver floating production storage and offloading (FPSO) vessels with capacity above 120,000 barrels per day, on time, in the last five years. The company’s world-class performance is...
Exploration

Regulators are present on both FPSOs doing real-time monitoring – Bharrat

OilNOW -
The capabilities of key agencies tasked with monitoring the offshore oil and gas operations in Guyana have been strengthened over the last two years and work is ongoing to further build capacity as production ramps up in the new...
News

Between reliable energy and reduced emissions, Exxon working to deliver best of both worlds

OilNOW -
Given its well-advantaged assets in Guyana and the United States along with its work in Carbon Capture and Storage (CCS), ExxonMobil Corporation believes society should not have to choose between reliable, affordable energy and reduced greenhouse gas emissions. According to...
News

Hess pumps over US$600M into Guyana, other key global assets for 2022 second quarter

OilNOW -
Hess Corporation reported on Wednesday that its capital and exploratory expenditure for the second quarter of 2022 totaled US$622 million compared with US$429 million in the prior year’s quarter. The company said this is primarily due to higher drilling...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana oil fund swells past US$3.6 billion

Guyana received nearly US$213 million (GY$$44 billion) in oil revenues in August, according to the latest Natural Resource Fund...

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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