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Liza could be last major frontier oil play discovered in the world – Westwood

OilNOW -
The Guyana-Suriname basin is viewed by analysts in the oil and gas industry as potentially the last major frontier for billion-barrel plus deepwater discoveries. The world-class Liza discovery in 2015 was the biggest offshore oil strike made in a...
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Exxon in compliance with Liza 1 permit, supporting long-term flare management goals – Persaud

OilNOW -
With one FPSO in operation and a total of ten being targeted to develop the more than 9 billion barrels of oil equivalent resources found in Guyana, a long-term framework that includes flare management will be key to the...
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EPA modifies Environmental Permit for Exxon’s Liza Phase 1 Development

OilNOW -
The Environmental Permit for ExxonMobil Guyana’s Liza Phase 1 project has been recalled and modified to include more stringent regulatory requirements are in place to address flaring in accordance with the Environmental Protection Agency (EPA)’s legislation. A notice from the...
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Fabrication of topsides for Guyana’s 3rd oil production vessel underway in Singapore

OilNOW -
Work on Guyana’s 3rd oil production vessel is progressing on schedule in Singapore, SBM Offshore said in its Q1 trading update on Wednesday. The Dutch floater specialist has been forging ahead with major construction projects despite challenges from the...
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The top three challenges of being the most appealing fossil fuel opportunity in the world

OilNOW -
By Arthur Deakin – OilNOW It is no longer a secret that Guyana is one of the most attractive investment opportunities in the world. The country has discovered 9 billion barrels of recoverable oil, and that is likely only half...
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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)...
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Guyanese recruitment firm expands services to Suriname as deepwater operations grow

OilNOW -
Guyanese firm Strategic Recruitment Solutions Inc. (SRS) has expanded its professional network and services to Suriname. Effective May 4, 2021, SRS launched a partnership with the Suriname based Humus Consulting. The Joint Venture, Strategic Recruitment Suriname N.V., will provide...
News

Global oil reserves falling at alarming rate even as Guyana adds big volumes

OilNOW -
Guyana accounts for over 70% of ExxonMobil’s new proven reserves placing it way ahead of its peers for new discovered volumes. However, Norway-based Rystad Energy is sounding an ominous warning that Big Oil could see proven reserves run out...
News

Saipem set to open major construction facility in Guyana

OilNOW -
Italian oilfield services company Saipem will officially open its offshore construction facility this month in Guyana’s capital Georgetown, to support the growing offshore operations in the new oil producing South American country. The facility will feature a heavy load bearing...
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Independent third-party assessment of hydrocarbon resources recommended for Guyana

OilNOW -
Even as the Guyanese Government contemplates the array of development possibilities to be derived from the associated gas found so far at the Stabroek Block, it would be in the nation’s best interest to get an independent third-party assessment...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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