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Whose is bigger? Brazil, Guyana will host world’s largest floating oil production vessels

Shikema Dey -
Oil production vessels definitely have a wow factor. Their sheer size, processing power and capability of operating for decades without pause make them truly impressive facilities. The ‘Egina’ is a beast of a floating, production, storage, and offloading (FPSO) vessel...
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Guyana to beef up port security as oil bounty drives up marine traffic

OilNOW -
Since oil production began in 2019, Guyana’s marine traffic has increased exponentially, and its Maritime Administration (MARAD) is working to ensure that security at the ports is strengthened. MARAD has turned to Chile through its Ambassador to Guyana, Juan Manuel...
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Guyana lab now equipped to run multiple tests on crude being produced offshore

Shikema Dey -
Guyana’s Crude Testing Lab run by the Guyana National Bureau of Standards (GNBS) is now able to conduct all necessary tests of Liza Crude and Unity Gold being produced offshore. Crude oil testing helps to ascertain crude characteristics to determine the...
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Stabroek Block production averaged 372,000 bpd in first half of August

OilNOW -
Recently updated information from Guyana’s Petroleum Management Programme shows Stabroek Block oil production averaging 372,000 barrels per day (bpd) for the period August 1-15, 2022. Production in this period reached its lowest on August 4 with just over 245,000 bpd,...
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All oil companies should be at forefront of making positive impacts in Guyana, says Hess

OilNOW -
CEO of Hess Corporation, John Hess, says his company is determined to play a lead role in fostering positive social development in Guyana. Speaking at a forum last week, he pointed out that all oil companies operating in the...
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Guyana EPA mobilising to investigate oil leak, says head of agency

OilNOW -
Executive Director of the Environmental Protection Agency, Kemraj Parsram, said the agency is mobilising to visit the Liza Phase 2 offshore operations in order to conduct its own investigation of an oil leak that was detected on Friday. OilNOW understands...
News

Guyana’s oil sector grows 73.5% in first half of 2022, with 34.6 million barrels produced

OilNOW -
The Guyana government said the petroleum sector expanded by 73.5% in the first half of 2022, with 34.6 million barrels of oil produced. It attributed the growth to commencement of oil production at the Liza Unity floating production, storage, and offloading (FPSO) vessel in...
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Guyana, Exxon deal delivers record five projects in seven years

OilNOW -
Despite criticism about the fiscal terms of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, the deal has paved the way for rapid development of the vast hydrocarbon resources found off the country’s coast. Following the announcement of massive...
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First-ever sustainability guide for greener offshore operations launched by American Bureau of Shipping

OilNOW -
The American Bureau of Shipping (ABS) has introduced new detailed requirements for greener offshore operations in its first sustainability guide targeting the global offshore industry. ABS said the guide, developed by working with major offshore industry clients – like ExxonMobil,...
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Guyana’s oil production reached all-time high of 386,000 bpd at end of July

OilNOW -
Oil production offshore Guyana exceeded 386,000 barrels a day (bpd) in July, marking the highest production recorded in a day since first oil. This data is publicly available via the Petroleum Management Program, an online portal available since early 2021 that makes...
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Welligence says Chevron must tread carefully operating in Guyana because of border controversy 

Following the closure of the Chevron-Hess merger, market intelligence firm Welligence is advising that Chevron, now holding a 30%...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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