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Guyana government recommits to robust business environment as economy set to take off

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Guyana’s President, Dr. Irfaan Ali has promised that the new administration will work towards the development of a robust business environment that promotes wealth and job creation. He voiced this commitment last week during an address to the members...
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Suriname is 2nd in the world for volume of oil discovered this year, Guyana remains big prize in basin

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Of the 73 new discoveries announced this year (through October), Suriname has emerged as the number two location for the volume of oil found, second only to Russia. According to a new report from Rystad Energy, exploration activity has...
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World’s largest O&G conference pushed back to H2 2021

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The organisers of the Offshore Technology Conference (OTC), the world’s largest oil and gas conference and exhibition, has chosen to postpone the 2021 event to August 16–19. OTC said Monday this is due to the ongoing challenges presented by...
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Mega 220,000 bpd Liza Unity FPSO begins integration phase in Singapore

OilNOW -
Dutch floater specialist SBM Offshore said Monday the Fast4Ward® Multi-Purpose Floater (MPF) hull for the Liza Unity FPSO has moved to the integration quayside in Keppel TUAS, where the topsides integration phase started with the progressive lifting of the...
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Fortune 500 companies looking to invest in Guyana, U.S Ambassador reports

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Guyana has been on the receiving end of unprecedented interest from foreign investors following the discovery of billions of barrels of hydrocarbon resources offshore and the country's entry as a new oil producing nation. This is now seeing a...
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Guyana government plans to invite EOIs for mega deepwater harbour

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The Government of Guyana is pursuing the development of a deepwater harbour in the Berbice area to accommodate large vessels and provide the infrastructure needed to support oil and gas operations and the growing business activities in the South...
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ExxonMobil set to spud ‘Liza look alike’ in first campaign at Guyana’s Canje block

OilNOW -
The first exploration well at the Canje block offshore Guyana will be drilled by the end of the year, ExxonMobil has confirmed. The well - Bulletwood-1- has been described by analysts as a ‘Liza look alike’ with a target...
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ExxonMobil drilling 14th well for Liza Phase 1 development ahead of evaluation exercise

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ExxonMobil will be embarking on an assessment of the Liza Phase 1 Development reservoir results at the prolific Stabroek Block, where the Liza Destiny FPSO is currently producing oil offshore Guyana. The Noble Bob Douglas is currently drilling the...
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Saipem building construction yard with ‘largest heavy lift crane’ in Guyana, local team executing work

OilNOW -
Saipem said on Monday it has received authorization to proceed with the final phase of the Payara development project in Guyana from ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). This authorization allows for the finalization of the...
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Biden Presidency will set US on course to achieve climate change goals by 2050 – Wood Mackenzie

OilNOW -
Following his defeat of incumbent Donald Trump in the 2020 United States presidential election, many industry analysts have begun examining the consequences of a Joe Biden presidency on the US Energy sector. In its most recent analysis, global energy...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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