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Exxon submits Field Development Plan, EIA for Payara

OilNOW -
ExxonMobil has submitted its Field Development Plan and Environmental Impact Assessment Report to the Environmental Protection Agency (EPA) in Guyana for its third potential development project offshore the South American country. The 220,000 barrels per day Payara Development Project is...
News

High-level gov’t delegation tours Guyana’s 1st floating oil production complex

OilNOW -
A high-level Guyanese delegation on Monday visited the country’s first Floating, Production, Storage and Offloading Vessel (FPSO)—the Liza Destiny—for a first-hand look at the facility that will be producing the country’s first barrel of oil. The team, comprising ExxonMobil’s Country...
News

Guyana’s 1st floating oil production complex arrives

OilNOW -
The 120,000 barrels per day Liza Destiny Floating Production Storage and Offloading (FPSO) vessel has sailed into Guyana waters where installation activities will soon get underway in preparation for first oil, just months away. “This is a historic and momentous...
News

TechnipFMC’s 600th subsea tree arrives in Brazil for installation at Guyana’s Liza field

OilNOW -
UK based oil services company TechnipFMC recently celebrated the delivery of the company's 600th subsea tree in Brazil, which will be installed at ExxonMobil’s Liza field offshore Guyana. The event, which took place at the company’s assembly plant in Rio...
News

SBM Offshore Q2 earnings increase 19% as Liza FPSO projects progress

OilNOW -
Dutch floater specialist SBM Offshore’s directional revenue as of June 30, 2019 totaled US$965 million, representing an increase of US$157 million or 19% compared with the same period last year. This increase was driven by a higher activity level...
News

Exxon earns $3.1 billion in Q2 2019 as Liza 1 approaches start-up

OilNOW -
Exxon Mobil Corporation on Friday announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier. Earnings included a favorable identified item of about $500 million, or $0.12...
News

Liza Phase 2 targeting 600 million barrels of oil

OilNOW -
ExxonMobil’s recently sanctioned Liza Phase 2 development offshore Guyana will be targeting 600 million barrels of oil when it gets underway in 2022. The US$6 billion Liza Phase 2 Development project was sanctioned in May and will have a total...
Exploration

Liza development drilling, installation 70% complete

OilNOW -
Drilling of the development wells for the Liza Phase 1 project and installation of subsea equipment are 70 percent complete as the South American country of Guyana forges ahead to first oil now just months away. “Drilling of the Phase...
News

Liza Destiny crew training for emergency response

OilNOW -
The crew that is onboard the Liza Destiny—the  Floating, Production, Storage and Offloading (FPSO) vessel that is currently en route to Guyana—has been engaging in emergency response activities and other safety training while the vessel travels to the South...
News

Saipem secures over US$160M in new contracts

OilNOW -
Saipem has been awarded new contracts in offshore drilling in Romania and Abu Dhabi worth over 160 million USD. According to one contract, the company will drill a well in Romania’s Black Sea waters, expectedly in the fourth quarter of...
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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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