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News

40% of resources to be sanctioned for 2019 gets greenlight

OilNOW -
While large projects such as the Liza Phase 2 development in Guyana are expected to get the greenlight by the of the year, so far sanctioning volumes year-to-date have reached 40% of resources planned to be sanctioned, driven by...
Exploration

2016 Stabroek contract revisions followed dry hole at Skipjack

OilNOW -
When US oil major ExxonMobil first started exploration activities at the Liza field the odds of finding oil at the high-risk Guyana basin was less than 20 percent. The giant discovery in 2015 of 800 million to 1.4 billion...
News

Exxon to begin drilling development wells for Liza Phase 2 early next year

OilNOW -
ExxonMobil Guyana will begin drilling development wells for the 220,000 barrels per day Liza Phase 2 Development project early 2020 and is already looking to bring in a fourth drill ship by the end of this year, to facilitate...
News

Orinduik drill campaign will open new chapter in Guyana oil development

OilNOW -
Offshore exploration in the South American country of Guyana is moving into another phase as UK-based Tullow Oil embarks on a drill campaign at the Orinduik block, making it the first attempt to find oil by a company outside...
News

Liza Destiny ready to set sail for Guyana oil bonanza

OilNOW -
The Liza Destiny, the first oil production vessel to be placed in Guyana has been officially dedicated by the South American country’s First Lady, Madam Sandra Granger. In keeping with tradition and naming protocols, the dedication is performed by a...
News

15% of global oil discoveries since 2015 made in Guyana

OilNOW -
Guyana accounts for 15 percent of conventional oil discoveries made globally since 2015 and from all indications, potential for more crude strikes offshore the South American country remains high. Since the first giant Liza discovery announced back in May 2015,...
News

Liza Unity hull launched at China shipyard

OilNOW -
Chinese shipyard Shanghai Waigaoqiao Shipbuilding has launched the world’s first floating production, storage and offloading vessel built under SBM Offshore’s Fast4Ward design for phase 2 of the Liza Development offshore Guyana. On June 8, the Liza Unity, built by Waigaoqiao...
News

Despite political uncertainty in Guyana oil development remains intact – Morgan Stanley

OilNOW -
US multinational investment bank, Morgan Stanley, believes that oil development plans in the South American country of Guyana remain intact despite political uncertainty and a recent report pointing to anti-corruption investigations into the award of oil blocks. In a...
News

Liza Unity moving SBM’s Fast4Ward programme ‘from plan to reality’

OilNOW -
The award of a second FPSO contract for the Liza project in Guyana is advancing Dutch floater specialist, SBM Offshore’s Fast4WardTM programme, moving it from plan to reality, the company said on Thursday. Bruno Chabas, CEO of SBM Offshore, said the...
News

Dyna-Mac awarded contract for Liza Unity topsides

OilNOW -
Singapore-based Dyna-Mac will be working on the topside modules for the 220,000 bpd Liza Unity floating production storage and offloading vessel for ExxonMobil’s second development offshore the South American country of Guyana. According to a report in Upstream, Dyna-Mac confirmed...
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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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