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Third Guyana oil production vessel leaves dry dock

OilNOW -
The giant Prosperity FPSO, Guyana’s third oil production vessel, has left dry dock and is moving to quayside for the subsequent phases of the project set to deliver another 220,000 barrels of oil per day to the new oil...
News

Analysts agree current extreme global shocks illuminate need for Guyana to pipe gas to shore

OilNOW -
The need for any country to build resilience against oil price volatility and global supply shocks is a recurring conversation. But when Russia invades Ukraine, and causes the biggest oil price jump in years, the urgency to convert this...
News

Guyana oil production volumes exceeding expectations

OilNOW -
ExxonMobil sees its production volumes from the Permian Basin and offshore Guyana potentially combining for close to 2 million b/d of oil equivalent well before the end of the decade, S&P Global Platts said in an article earlier this...
News

Guyana will be one of the main drivers of liquid supplies growth this year, says OPEC

OilNOW -
Liquids supply growth outside of the Organization of Petroleum Exporting Countries (OPEC) in 2021 remained broadly unchanged at around 0.6 million barrels per day (mb/d) year-on-year (y-o-y). The 2021 oil supply estimation primarily sees growth in Canada, Russia, the US...
News

Exxon applies to join court case on Stabroek PSA tax provisions

OilNOW -
A lawsuit filed in January with Guyana’s Supreme Court seeks to strike down clauses in ExxonMobil’s Stabroek block Production Sharing Agreement (PSA) which grant the company, its co-venturers and their sub-contractors a series of effective tax waivers for development...
News

Norway group sees Guyana overtaking U.S. Gulf of Mexico production in ‘unbelievable’ ramp up

OilNOW -
The extent of the development projects offshore Guyana within such a short space of time since the first oil discovery in 2015 is being viewed as ‘unbelievable’ by Norway-based energy research and business intelligence company, Rystad Energy. Now, the...
Opinions

The Oil and Gas Sector in Guyana: A catalyst for Growth in its Agriculture and Food Sectors

OilNOW -
By Dr H. Arlington Chesney - OilNOW Guyana lifted its first commercial shipment of oil in December 2019. This is projected to be the start of a very dominant national oil and gas industry with the estimated reserves of ten...
News

Guyana committed to big volumes, other countries rushing to boost output

OilNOW -
Guyana’s landmark gas-to-energy project which will see a 225 km pipeline landing onshore from massive oil and gas production installations at the ExxonMobil-operated Stabroek Block will come online as other countries around the world also look to ramp up...
Exploration

Guyana working on gas strategy; Ghana to provide assistance – Vice President Jagdeo

OilNOW -
The Guyana government appears ready to take more bold but cautious steps in the hydrocarbon arena as it is focusing some of its energy on creating a gas strategy with the assistance of its West African counterpart, Ghana. Confirming this...
News

Guyana could use remaining blocks to form National Oil Company – Jagdeo

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo told attendees at the opening of the inaugural International Energy Conference on Tuesday that authorities are considering using the remaining oil blocks to form a National Oil Company (NOC). “At some point in time,...
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SBM Offshore’s Blue Ammonia FPSO design wins ABS approval

SBM Offshore has received approval in principle from the American Bureau of Shipping (ABS) for a new floating production,...

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