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News

Fabrication work to begin on giant Prosperity FPSO

OilNOW -
Fabrication work is set to begin on the giant Fast4Ward® MPF hull for ExxonMobil’s Payara Development offshore Guyana that will see the Prosperity FPSO pushing total oil production in the South American country to more than 500,000 bpd by...
Exploration

Tanager results a reminder that exploration is a risky, expensive business – Ramnarine

OilNOW -
The results from the Tanager-1 exploration well at the Kaieteur Block offshore Guyana announced on Tuesday brings back into focus the risky nature of exploration, even in a basin where the success rate has been well above 90 percent. Since...
News

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

OilNOW -
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...
News

Suriname is 2nd in the world for volume of oil discovered this year, Guyana remains big prize in basin

OilNOW -
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...
News

World’s largest O&G conference pushed back to H2 2021

OilNOW -
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...
News

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...
News

Fortune 500 companies looking to invest in Guyana, U.S Ambassador reports

OilNOW -
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...
News

Guyana government plans to invite EOIs for mega deepwater harbour

OilNOW -
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...
News

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...
News

ExxonMobil drilling 14th well for Liza Phase 1 development ahead of evaluation exercise

OilNOW -
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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SLB acquires ChampionX as it strengthens production and recovery capabilities

SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its...

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