High-impact exploration in deepwater plays is reserved to major oil players – like ExxonMobil, TotalEnergies, BP, Royal Dutch Shell – and a few leading National Oil Companies (NOCs). The reason, according to UK-based consultancy group Wood Mackenzie, is because only...
Guyana has so far approved a total of four offshore developments at the ExxonMobil-operated Stabroek Block, that when combined, will be targeting just over 25 percent of the 10 billion oil equivalent barrels found so far since 2015.
The projects...
When compared to the other permits issued for the Liza Phase 1, 2 and Payara Projects in the Stabroek Block, the Yellowtail Environment Permit is armed with the most superior provisions for insurance and oil spill prevention and management.
Making...
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...
Royal Dutch Shell and TotalEnergies have made two breakthrough discoveries offshore Namibia, which suggest a play like the Guyana-Suriname basin, according to Westwood Global Energy Group.
On February 4, Shell made the first one, a light oil discovery, assumed to...
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...
Oilfield services company, Schlumberger, has partnered with technology development organization, Sintela, to co-develop new fiber-optic solutions in an agreement that will leverage industry-leading technologies from both companies to develop edge-enabled solutions that improve customer performance.
Sintela designs and delivers world leading fiber sensing systems for industrial...
While the Environmental Protection Agency (EPA) has granted ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) permission to move ahead with its US$10B Yellowtail Project, it has done so with several rigid conditionalities attached.
With respect to air management,...
The Inter-American Development Bank (IDB), a financier of Guyana projects for many years, signaled in a report that its support for new ventures is taking a more aggressive approach where decarbonization and adaptation are concerned.
The policy is stated in...
Guyana’s Environmental Protection Agency (EPA) disclosed on Tuesday via two screening decision documents that no Environmental Impact Assessment needs to be conducted for ExxonMobil’s proposed 24 well campaign at the Kaieteur and Canje Blocks. The regulatory body said its screening...
