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Guyana welcomes delegates, exhibitors to GIPEX 2019

OilNOW -
Hundreds of delegates and exhibitors from countries around the world have arrived in Guyana for the staging of the second edition of the country’s largest oil and gas conference and exhibition – GIPEX 2019.  The three-day event will open...
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Guyana must decide on pace of oil development – money now or later?

OilNOW -
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe says the South American country of Guyana faces some tough decisions going forward as it relates to the pace of offshore oil development and that this must be taken...
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Liza Unity hull 85 percent complete

OilNOW -
The hull for the Liza Unity FPSO – Guyana’s second oil production complex – is now 85% complete as work on the 220,000 barrels per day vessel that will be producing oil from the Liza Phase 2 Development project...
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Approval of Payara development expected by Q1 2020

OilNOW -
Final Investment Decision on ExxonMobil’s third development project offshore the South American country of Guyana is expected by Q1 2020 as authorities move to embark on a third-party review of the Field Development Plan. Sanctioning of the Payara development...
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10-year plan is needed to ensure development from oil

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With oil production slated to begin within months, Guyana’s former Minister of Natural Resources and the Environment, Robert Persaud, says there is need for a ten-year cohesive, comprehensive plan to efficiently utilise the new-found wealth for the nation of...
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SBM secures US$1.14B financing for Liza Unity FPSO from consortium of 9 international banks

OilNOW -
SBM Offshore said on Wednesday it completed the project financing of the Liza Unity FPSO for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company said it expects to draw...
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Veolia to provide seawater treatment package for Liza Unity FPSO

OilNOW -
Veolia Water Technologies said its VWS Westgarth subsidiary has been awarded a multimillion dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity floating production, storage and offloading unit (FPSO), to be...
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Guyana moving to ‘Prosperity’ for 3rd offshore development

OilNOW -
With the discovery of large quantities of oil off its coast, the South American country of Guyana began preparations for becoming the newest oil producing nation in the region which saw the construction of its first oil production complex...
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TMC to supply marine compressed air system for Liza Unity FPSO

OilNOW -
Shanghai Waigaoqiao Shipbuilding has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system to the Liza Unity FPSO. Under the contract, TMC will provide a large compressed air system consisting of frequency-controlled instrument air compressors,...
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Guyana must prepare for tectonic shift in development trajectory

OilNOW -
Billions of dollars in oil revenue and a plethora of new opportunities could potentially transform one of South America’s smallest nations into a regional powerhouse, but for this to occur, a concerted effort must be made by its people...
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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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