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Hess significantly reduces losses in Q2, Guyana activities advancing

OilNOW -
Hess Corporation which holds a 30 percent working interest in the Stabroek Block offshore Guyana, disclosed today that it sustained a net loss of US$73 million, or US$0.24 per common share, in the second quarter of 2021. This represents...
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Report on QC Alumni Association Oil and Gas Symposium, by Dr. Terrence R. Blackman

OilNOW -
By Terrence R. Blackman, Ph.D. – OilNOW Part 1 On June 09, 2021, ExxonMobil announced newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 at Longtail-3 offshore Guyana. The well, located approximately two miles (3.5 kilometers) south of the Longtail-1 well,...
News

Dutch company set to integrate new technology into offshore systems

OilNOW -
SBM Offshore has reached a new milestone in its digital transformation program: ABS has issued New Technology Qualification (NTQ) to SBM Offshore’s artificial intelligence powered Intelligent Agent Mooring Line Integrity Tool, allowing the technology to be integrated into offshore...
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Exxon seeking EPA approval for establishment of gas-to-energy facilities

OilNOW -
Guyana’s Environmental Protection Agency (EPA) has directed ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) to conduct an Environmental Impact Assessment (EIA) in order to get authorization for the imminent gas-to-energy project. The public now has 28 days...
News

Guyana capacity to support offshore operations growing – ExxonMobil

OilNOW -
The giant Liza discovery in 2015 was Guyana’s first step into the world of oil and gas. With very limited industrial activity and virtually no experience in the petroleum industry, capacity in some areas had to be built from...
News

Public engagements continue for project set to transform Guyana into world’s largest per capita oil producer

OilNOW -
Public consultations for the Yellowtail Development Project continue in Guyana with another virtual session set to take place on Wednesday, June 2. The public is being urged to participate in the process and submit comments for consideration in the...
News

Exxon holds public consultations for Yellowtail, 2022 targeted for FID

OilNOW -
ExxonMobil Guyana held public consultations for the Yellowtail development on Thursday where it confirmed that 2022 is being targeted for final investment decision on the project that is set to catapult the country’s total oil production to more than...
News

Singapore shipbuilder capturing big contracts for South America floaters

OilNOW -
Keppel Offshore & Marine has secured yet another contract for a South America-bound floater. The company announced on Monday that it was hired for the turnkey delivery of P-78, one of the largest Floating Production, Storage and Offloading (FPSO)...
News

Exxon expects ‘continued and steady progress’ in Guyana’s multi-billion-barrel basin

OilNOW -
As the global oil and gas industry continues to recover from the impact of the pandemic, ExxonMobil has reported that its production volumes are rising from 2020 levels, and for the first quarter of this year, output at the...
News

Guyana President confirms major ramp up coming in ExxonMobil’s oil production operations

OilNOW -
President of Guyana, Dr. Irfaan Ali on Wednesday highlighted plans by ExxonMobil to significantly ramp up oil production activities offshore the South American country which will see production hitting the 1 million barrels per day mark by 2027. During a...
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Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery....

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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