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Guyana on track to hit 360,000 barrels per day by third quarter

OilNOW -
Guyana’s prolific Stabroek Block continues to churn out successful results for operator ExxonMobil (XOM) and its partners Hess and CNOOC, and by the third quarter  2022, production is expected to ramp up significantly. During the oil major’s first quarter earnings...
News

Exxon to plug over US$1.3B into gas pipeline project, preliminary works underway – EIA

OilNOW -
The subsea and pipeline network for Guyana’s landmark gas-to-energy project is poised to see a US$1.3B (GY$260B) investment from ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to the Environmental Impact Assessment (EIA) which was released on Wednesday,...
Opinions

US$10B Yellowtail Project set to unleash a tsunami of economic benefits

OilNOW -
Apart from the profit oil and royalty the State stand to gain, ExxonMobil’s US$10 billion Yellowtail Project in the Stabroek Block which is set for first oil in 2025-2026, is poised to unleash a tsunami of economic benefits for...
Opinions

On refining the trajectory of Guyana’s local content requirements

OilNOW -
Dr. Terrence Richard Blackman - OilNOW On February 15th - 18th, 2022, an International Energy Conference & Expo: Charting a Sustainable Energy Future was held at Guyana's Marriott Hotel. One highlight of the meeting was the panel discussion on Guyana's...
News

Guyana oil could help fill gaps if US producers stick to capital discipline, says Platts

OilNOW -
The billions of barrels of oil resources that have been found offshore Guyana could help fill gaps in supply in the coming years if US upstream producers continue to stick to capital discipline as a corporate strategy, which shows...
News

Third Guyana oil production vessel leaves dry dock

OilNOW -
The giant Prosperity FPSO, Guyana’s third oil production vessel, has left dry dock and is moving to quayside for the subsequent phases of the project set to deliver another 220,000 barrels of oil per day to the new oil...
News

Guyana gov’t not keen on tapping into oil fund now for ‘emergency relief’, says it’s following budgetary process

OilNOW -
Rising commodity prices in Guyana now worsened by fallout from the Russia-Ukraine war is seeing calls being made by the political opposition for government to tap into the Natural Resource Fund (NRF) and use a portion of the increased revenues...
News

Oil price boom will delay Latin America’s energy transition – AMI

OilNOW -
As oil producers in the Latin America region mull a balancing act between petroleum extraction and sustainability, Americas Market Intelligence has predicted that the all-time high oil price brought on by the Russian invasion of Ukraine will delay the...
Opinions

Why companies will succeed in Guyana – while others fail

OilNOW -
By Arthur Deakin - OilNOW For those that follow Guyana, the success rate and speed in which its oil resource has been developed is unprecedented. 11% of all conventional oil found in the world since 2015 has been off the...
Opinions

The Oil and Gas Sector in Guyana: A catalyst for Growth in its Agriculture and Food Sectors

OilNOW -
By Dr H. Arlington Chesney - OilNOW Guyana lifted its first commercial shipment of oil in December 2019. This is projected to be the start of a very dominant national oil and gas industry with the estimated reserves of ten...
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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...

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