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Exxon hikes capacity at Liza Destiny, schedules Payara for early startup

OilNOW -
In addition to the announcement of three new discoveries on Tuesday, ExxonMobil Guyana bore more good news with its hiking of production capacity at Liza Phase One and scheduled first oil for the Payara project. Liza Phase One The company increased...
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Guyana to rake in around US$106M for first lift of Unity Gold

OilNOW -
As Guyana prepares to receive its first entitlement lift of Unity Gold from the Liza Phase Two development, government expects about US$106 million to be deposited into the Natural Resource Fund from its sale. “The usual lifting entitlement amount of...
News

Lifting of topsides begins for Guyana’s third FPSO

OilNOW -
SBM Offshore posted footage of the lifting of the first series of topside modules onto the hull of the Prosperity floating production, storage and offloading (FPSO) vessel, on Wednesday. Work on the FPSO for ExxonMobil Guyana’s third development project at...
News

First oil cargo from Liza Phase 2 arrives in US

OilNOW -
The first cargo from ExxonMobil’s Liza Phase 2 Development offshore Guyana has arrived in the US, according to domestic customs data, said Anthony Starkey, senior adviser, trade flow and modelling for S&P Global. Arrival date was March 29 aboard the...
News

Liza Unity delivering the goods for Guyana, Stabroek co-venturers

OilNOW -
The Liza Unity floating production storage and offloading (FPSO) vessel, which is poised to reach nameplate capacity of around 220,000 barrels of oil per day this year, is set to almost triple Guyana’s oil revenue and is already strengthening...
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More oil revenues for Guyana this year as Liza-1 production set to increase

OilNOW -
Since 2020, ExxonMobil had planned to make modifications to the Liza Destiny floating production, storage and offloading (FPSO) vessel to safely sustain oil production levels higher than its current nameplate of 120,000 barrels per day. This will soon become...
News

‘Unity Gold’ lighter and sweeter than other carbon-intensive blends in Latin America – Platts

OilNOW -
ExxonMobil’s latest offshore development to start-up in Guyana is producing a lighter and sweeter crude blend which analysts say is less carbon-intensive than other Latin American blends and even a little lighter than the original Liza. According to an ExxonMobil...
News

SBM Offshore proud of start-up at its largest Guyana FPSO to date

OilNOW -
SBM Offshore said on Monday it is pleased to announce that FPSO Liza Unity has produced first oil as of February 11, 2022, and is formally on hire. The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s industry...
News

SBM Offshore project portfolio at record level with multiple Guyana FPSOs in play

OilNOW -
Dutch floater specialist SBM Offshore reported on Thursday an Underlying Directional revenue of US$2,317 million for 2021, an increase of 1% compared with 2020, mainly resulting from ramp-up of activities with five FPSOs under construction in 2021, the awarded...
News

EPA amends Liza Phase Two Permit to include US$45 flaring payment

OilNOW -
With the Liza Phase Two Project scheduled for start-up this quarter, Guyana’s Environmental Protection Agency (EPA) has found it prudent to make some critical modifications to the permit issued to Operator, ExxonMobil. In the permit modified and signed on January...
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SEOGS 2025 moves to accommodate growing participation

Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the...

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