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Tanker departs Stabroek Block with first 1 million barrels of Liza crude

OilNOW -
The first oil tanker to lift crude from the prolific Stabroek Block offshore Guyana departed the country’s waters on Monday with the first 1 million barrels of oil. The Ministry of the Presidency, Department of Energy (DE) said the oil...
News

Dozens gather in Georgetown for first glimpse of ‘light sweet’ Liza Crude

OilNOW -
Guyanese onshore will now have an opportunity to see first-hand a sample of the black gold being produced 120 miles off of its coast that is set to change the course of the South American country’s history. The Department of...
News

Giant Liza Phase 2 project among top 15 approved worldwide for 2019 – Rystad Energy

OilNOW -
Energy sector analyst Rystad Energy has ranked the Liza Phase 2 development at the 6.6 million acres Stabroek Block offshore Guyana as being among the top 15 approved offshore projects in the world for 2019 in terms of capital...
News

Hull for 220,000 bpd Liza Unity FPSO arrives in Singapore

OilNOW -
After a journey of 2,300 nautical miles, the Fast4Ward® hull for the Liza Unity FPSO - ExxonMobil's second development offshore Guyana - has safely arrived at Keppel shipyard in Singapore, from China. This is SBM Offshore’s first generic hull, the...
Exploration

Exxon, Hess and CNOOC are 2019 top explorers – Rystad Energy

OilNOW -
Continued success offshore the South American country of Guyana is once again playing a major role in the addition of discovered volumes and value creation for US oil major ExxonMobil and its Stabroek Block co-venturers, Hess and CNOOC. “ExxonMobil can...
News

Stabroek Block and the Liza oil field

OilNOW -
Spread over 26,800km² in Guyana’s offshore waters, the Stabroek Block is estimated to contain more than six billion barrels of oil equivalent as of 2019. Drilling has been ongoing to explore and evaluate other potential areas of the block. Liza...
News

O&G pushing transportation demand: Cyril Taxi moves from 1 to 133 drivers

OilNOW -
The spin-off benefits from oil and gas are growing in the South American country of Guyana where a taxi service which has been in operation for over a decade started providing transportation services to the oil and gas industry...
News

First oil will be catalyst for development if sector is managed effectively – Boyer

OilNOW -
Following the first ever commercial oil discovery in Guyana in May 2015, ExxonMobil and its co-venture partners HESS and CNOOC announced the commencement of oil production from the Liza Phase 1 development in the Stabroek Block offshore Guyana on...
News

Oil to fuel mega projects, development programmes in coming decade – Granger

OilNOW -
The dawn of the new year has coincided with the start of oil production in Guyana and the country’s President, David Granger, says this will help to intensify plans to transform the South American nation of just over 750,000...
News

Bayphase Ltd. awarded contract to review plans for ExxonMobil’s 3rd development offshore Guyana

OilNOW -
Guyana’s Department of Energy (DE) said on Tuesday it has successfully completed the evaluation of eleven Expressions of Interest from international firms for support services in review and evaluation of ExxonMobil’s Payara Field Development Plans. The Expressions of Interest received...
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TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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