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Payara deepwater contract helps deliver strongest quarter for TechnipFMC

OilNOW -
TechnipFMC said this week it was able to deliver its strongest operational results in the third quarter of 2020 mainly due to notable projects in Norway and South America, including a major contract awarded by ExxonMobil for its Payara Development...
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Guyana will be lifting 4th oil cargo as second pandemic wave threatens demand

OilNOW -
Oil prices continued to slide on Tuesday as concerns grow about the resurgence of coronavirus cases around the world which could stymie a recovery in oil demand just when Guyana is preparing to export its 4th 1-million-barrel of Liza...
News

New exploration wells, multiple appraisal drilling for Guyana offshore – Rystad Energy

OilNOW -
Even as the world buckles from the impact of the global pandemic, oil exploration and production operations continue at full speed in the South American country of Guyana where in recent weeks there has also been an uptick in...
News

As Guyana discoveries mount experts say oil and gas will remain backbone of global energy supply

OilNOW -
Even with plummeting demand due to the global pandemic and the move towards renewables, experts believe that oil and gas will still remain the primary source of energy in the years to come, which is good news for new...
News

As OPEC looks to curb production Guyana’s output on course to swell in coming years

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By the time oil production in Guyana hits 340,000 barrels per day at the end of 2022, the Organization of the Petroleum Exporting Countries (OPEC) will be reassessing member states’ output after a new accord to cut production by...
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Guyana must develop its multi-billion-barrel oil resources in narrow 20-year window

OilNOW -
New oil producer Guyana, with just one field under development so far and two additional projects approved, may have around 20 years remaining to bring to market the several billion barrels of oil equivalent resources found offshore to date....
News

CLBD’s mentorship programme providing pathway for Guyanese companies to elevate standards

OilNOW -
Since the emergence of the oil and gas sector in Guyana, more local companies have been pursuing measures geared towards improving standards, efficiency, customer satisfaction and international recognition.  For such organizations looking to improve the quality of their products and...
News

Guyana poised to drastically transform despite debates about the “best deal” – IDB Report

OilNOW -
Using a model of five developments being underway by 2025 offshore Guyana targeting an estimated 750,000 barrels of oil per day, the Inter-American Development Bank (IDB) says considering the sequencing of the projects, Guyana would ultimately accumulate around US$49...
News

Contracts confirmed for giant Prosperity FPSO, SBM Offshore looking to execute some fabrication work in Guyana

OilNOW -
Dutch floater specialist, SBM Offshore, announced Thursday that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the...
News

Yellowtail could add another 220,000 bpd to Guyana output, 7 floaters on the cards – Hess

OilNOW -
Though the Hammerhead area was targeted for the fourth development project in the Stabroek block offshore Guyana, the high quality oil discovered back in July during the appraisal drilling at the Yellowtail field has changed the plans for the...
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Bulk carrier spills oil at Guyana’s Demerara River, regulator says

A bulk carrier moored at a wharf along Guyana’s Demerara River spilled oil on Thursday, prompting an emergency response...

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