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Liza 5 well test underway; Long Tail next stop for Stena drillship

OilNOW -
US oil major ExxonMobil is set to acquire more data for analysis from the Liza 5 appraisal well in order to broaden its knowledge of the greater Liza resource offshore Guyana. “The Stena Carron is currently drilling Liza 5 appraisal...
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Noble reports net loss for Q1 2018; expects fleet utilization to ramp up

OilNOW -
Noble Corporation, the same company contracted by ExxonMobil to drill 17 wells for the Liza Phase 1 development in Guyana, on Wednesday reported a net loss for the three months ended March 31, 2018 of $142 million, or $0.58 per diluted share, on revenues...
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Hess reports US$106M net loss; Guyana remains shining light in company’s outlook

OilNOW -
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018, compared to a net loss of $324 million, or $1.07 per common share, in the...
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Liza SURF contractor Saipem posts loss of $2.4M in Q1 2018

OilNOW -
ExxonMobil Guyana Tier 1 contractor Saipem has narrowed its losses to $2.4m for the first quarter of 2018. The Italian oil and gas company's Q1 2018 loss marks an improved financial performance, following the $331m loss reported in Q4 2017. However, the Milan-based firm, operational in Saudi...
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Exxon targeting 2 billion barrels of oil in first 3 phases of development in Guyana

OilNOW -
US oil major ExxonMobil is targeting production of 2 billion oil equivalent barrels in Guyana over the first three phases of development in the 6.6 million acres Stabroek Block, beginning with Liza Phase 1 in 2020. In its recently released...
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Noble Bob Douglas drilling at Sorubim before moving to develop Liza wells

OilNOW -
The Noble Bob Douglas – ExxonMobil Guyana’s second drillship – recently arrived in the South American country and is currently drilling its first exploration well at the Sorubim field some 83 nautical miles offshore. “We brought our second drillship into...
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Hess moves to buy back US$1B in shares as Guyana gets “bigger, better”

OilNOW -
Hess Corporation said on Thursday that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late...
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Commercialization of gas from Guyana’s oil fields will be growing challenge – Wood Mack

OilNOW -
As more oil discoveries continue to be made offshore the South American country of Guyana the commercialization of gas will become a bigger challenge. Analyst Wood Mackenzie says lack of infrastructure and a visible marketization plan for commercializing gas which...
News

ExxonMobil gunning for oil at Liza 5

OilNOW -
ExxonMobil is set to begin another drilling foray this week in search of more oil off the coast of the South American country of Guyana. The company's affiliate - Esso Exploration and Production Guyana Ltd. will begin a 3-month drill...
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Noble Bob Douglas arrival signals start of development for oil production in Guyana

OilNOW -
The arrival of the Noble Bob Douglas drill ship in Guyana will signal the start of development of the Liza field which will bring first oil for the South American country in March 2020. The vessel is currently en-route to...
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Two oil nations, one engineering crisis: Guyana short, Trinidad shrinking

The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and...

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