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Liza Phase 1 rapid start-up good news for oil industry – Wells Fargo

OilNOW -
From discovery in 2015 to start of oil production less than five years later, the rapid start-up of the Liza Phase 1 Development is good news for the global oil industry says a senior analyst at US multinational financial...
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Breakthrough technology behind ExxonMobil unprecedented success in Guyana

OilNOW -
Nearly 50 years ago, ExxonMobil pioneered a technology called 3-D seismic imaging, which uses sound waves to form three-dimensional images of geologic formations. These images have become the industry standard for understanding subsurface geology and finding oil and gas...
News

Liza Phase 1 oil production to ramp up in coming months – ExxonMobil

OilNOW -
ExxonMobil says it plans to slowly ramp-up oil production in the coming months at its first development offshore the South American country of Guyana where daily output at peak is expected to hit 120,000 barrels per day. The company announced...
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Guyana’s 1st floating oil complex moored in position for decades of oil production

OilNOW -
Stretching from Quamina Street in downtown Georgetown all the way to New Market Street, some 1,115 feet away, the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel, at its highest point, is taller than the St. George’s Cathedral. The...
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Guyana is now an oil producing nation

OilNOW -
The South American country of Guyana has joined the league of petroleum producing nations with the official start of oil production at the Liza Phase 1 Development, announced on Friday December 20 by President David Granger, who proclaimed the...
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Capacity constraints casting dark cloud over oilfield service industry – Rystad Energy

OilNOW -
A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators. About 250 new...
News

Stabroek Block co-venturer CNOOC gets green light for Canada drill campaign

OilNOW -
Canada’s federal government has approved a new offshore exploration drilling project proposed by the China National Offshore Oil Corporation (CNOOC) set to begin in the Flemish Pass Basin — about 400 kilometres east of Newfoundland and Labrador, CBC said...
News

American Airlines now flying direct from NY to South America’s newest O&G hotspot

OilNOW -
US-based American Airlines on Wednesday officially began direct flights from New York (NY) to the South American country of Guyana, now on the verge of becoming a major oil producer in the region. The new service will be operated daily...
News

Israel’s Ratio sees $250 million revenue from Leviathan in 2020

OilNOW -
Ratio Oil Exploration 1992 LP, one of the companies developing Israel’s largest natural gas field, expects the long-awaited project to give it about $250 million of revenue next year, Bloomberg said in a report on Tuesday. The energy explorer, which...
News

Local Content Policy close to completion

OilNOW -
The much-anticipated Local Content Policy (LCP) that would set the framework within which companies in Guyana’s oil and gas sector are expected to operate, is closer to finalization. Director of the country’s Department of Energy (DE) Dr. Mark Bynoe made...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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