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Curb in oil production pushes Guyana’s 4th crude lift back by a month – Bharrat

OilNOW -
The curb in oil production offshore Guyana to reduce the volume of gas being flared has resulted in a push back in the timeline for the country’s 4th million-barrel crude lift. ExxonMobil, operator at the Stabroek Block, had taken a...
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Shell farms into South Africa deepwater acreage

OilNOW -
(S&P Global Platts) Shell has farmed in to South African deepwater exploration blocks days after Total announced a second gas and condensate discovery nearby, as interest grows in a potential new gas condensate hub off the country's south coast,...
News

Bureaucracy, red tape must not obstruct O&G development in Guyana, Sea Defence Board hears

OilNOW -
One of the state boards responsible for the approval of shorebase and waterfront developments, and other such facilities, has been warned that bureaucracy and red tape must not impede Guyana’s development, as the country is on track to experience...
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Use O&G revenue to unlock infrastructure, human capital – urges private sector leader

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Guyana’s Private Sector Commission (PSC) Chairman, Nicholas Deygoo-Boyer says the billions of dollars expected from oil production should be used to help develop infrastructure and unlock the power of human capital in the South American country. In a recent virtual...
News

CARICOM examining role of Guyana’s hydrocarbon resources in regional energy security

OilNOW -
As the Guyana government presses on with plans for a natural gas power generation plant to provide cheaper and more reliable energy to its citizens, the Caribbean Community (CARICOM) Secretariat is also looking at how the country’s oil and...
News

Liza Phase 2 hull, subsea work now 80% complete – Guyana production on track to surpass 300,000 bpd

OilNOW -
ExxonMobil’s giant Liza Phase 2 development offshore Guyana is on track to begin producing oil by early 2022 adding another 220,000 barrels of oil per day (bpd) at peak to the country’s output, which together with the 120,000 bpd...
News

Stabroek Block offers best options in a global industry under pressure

OilNOW -
Even as the global pandemic continues to cast a shadow on the oil and gas industry, its unprecedented effects have not eclipsed the attractiveness of Guyana’s world-class oil finds.  In fact, it has served to highlight how advantaged the...
News

Oil major Total looking to pursue renewable energy, other investment opportunities in Guyana

OilNOW -
French oil company Total is looking to pursue further investment opportunities in Guyana with special interest in the areas of low carbon and renewable energy. President and Chief Executive Officer (CEO) Jean-Michel Lavergne, and Oliver Wattez, Guyana Branch General Manager...
News

Liza Phase 1 production now averaging 105,000 bpd, peak output expected by December – Hess

OilNOW -
Gross production from the Liza Phase 1 Development at the Stabroek Block offshore Guyana has been averaging 105,000 barrels of oil per day in the last few weeks with a full ramp up in output expected by December. This is...
News

Stabroek Block resources jump to 9 billion barrels of oil equivalent – Hess

OilNOW -
Hess Corporation, a 30 percent stakeholder at the Stabroek Block offshore Guyana, said on Wednesday that the estimated gross discovered recoverable resources have been updated to approximately 9 billion barrels of oil equivalent (boe) on the block. In releasing its...
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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of...

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