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Baker Hughes brings efficiency to Guyana’s oil sector with opening of Supercenter

OilNOW -
Known worldwide for its advanced technologies, serving energy and industrial companies, Baker Hughes has brought top-tier oilfield services to Guyana with the opening of a Supercenter on the East Bank Corridor at Land of Canaan. A multi-million-dollar investment, the Supercenter...
News

“Team of teams” delivered Guyana’s biggest oil production project to date

OilNOW -
Record pace. These are the words being used to describe U.S. oil major ExxonMobil’s operations in Guyana where it has made over 25 discoveries since 2015 at the Stabroek Block, delivering over 10 billion barrels of oil equivalent and...
News

Guyana optimistic about becoming gas exporter as more projects come online – Vice President

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo has confirmed that as more offshore projects come online, the South American country is hopeful of becoming an exporter of gas, or value-added products derived from gas. “Guyana is not looking to be a...
News

SBM Offshore project portfolio at record level with multiple Guyana FPSOs in play

OilNOW -
Dutch floater specialist SBM Offshore reported on Thursday an Underlying Directional revenue of US$2,317 million for 2021, an increase of 1% compared with 2020, mainly resulting from ramp-up of activities with five FPSOs under construction in 2021, the awarded...
News

Guyana oil production to peak in 2035, continue up until 2050

OilNOW -
Guyana has not yet scratched the surface when it comes to output at its vast offshore oilfields now under development by U.S. oil major ExxonMobil. In fact, of the more than 10 billion barrels of oil equivalent discovered so...
Opinions

Oil bounty, energy security and Guyana future prospects

OilNOW -
Guyana’s energy sector for 2022 will be characterized by two significant developments. Within weeks the second phase of oil production will start at the Liza Phase 2 Development with a production ramp up of approximately 220,000 barrels of oil...
Exploration

Exxon delivered big results in Guyana last year as discoveries plummeted globally

OilNOW -
Oil and Gas explorers around the world had high hopes pinned on 2021 as pandemic restrictions eased and wildcat wells deferred from the year before were given the green light. But according to Rystad Energy, despite an impetus from...
News

Guyana oil revenue to more than triple this year

OilNOW -
Authorities in Guyana have projected that the country will receive close to US$1 billion in oil revenue this year, representing more than three times what it has earned per annum to date from the Liza Phase 1 Development. During his...
News

Hess could lift around 24 million barrels of oil from Stabroek Block this year

OilNOW -
When the Liza Phase 2 development comes on stream this quarter and reaches full production later this year, Hess Corporation expects to collect 24 lifts from its Guyana operations. It would also be well positioned to clear off its...
News

Guyana on track to rake in around US$90 million for first oil lift this year

OilNOW -
Oil prices rose to a more than seven-year peak at the weekend and recorded their sixth straight weekly gain with Brent climbing to $90.03 a barrel, after hitting $91.70 early Friday, the highest level since October 2014. OilNOW understands preparations...
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Latest News

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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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