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Eco Atlantic sees ‘significant thick oil pay opportunities’ at Orinduik following Carapa results

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. believes the recently announced Carapa-1 oil find by Tullow Oil in the Kanuku Block offshore Guyana, though lower than previously estimated, is still an important discovery as it confirms the prospectivity of the...
News

First oil will be catalyst for development if sector is managed effectively – Boyer

OilNOW -
Following the first ever commercial oil discovery in Guyana in May 2015, ExxonMobil and its co-venture partners HESS and CNOOC announced the commencement of oil production from the Liza Phase 1 development in the Stabroek Block offshore Guyana on...
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Liza Unity hull will sail to Singapore this month to begin topsides installation

OilNOW -
The hull for the 220,000 bpd Liza Unity FPSO is scheduled to leave the SWS Shanghai shipyard this month for Singapore where the topsides will be mounted ahead of the final sail away to Guyana, Offshore Energy said in...
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Tullow’s shares tumble on news of ‘below expectations’ Guyana oil find

OilNOW -
The release of drilling results by Tullow Oil on Thursday from its Carapa-1 well offshore Guyana saw the company’s shares tumbling on what analysts are saying is unlikely to be a commercial discovery. The oil and gas group’s share price...
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Petronas wraps up acquisition of two deepwater fields in Brazil

OilNOW -
Malaysian oil and gas company Petronas announced on Saturday the completion of the transaction for the acquisition of 50 per cent equity in the Tartaruga Verde producing field (BM-C-36 Concession) and Module III of the Espadarte field (Espadarte Concession),...
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Bourbon Guyana operations unaffected by change in stakeholder ownership – General Manager

OilNOW -
The sale of Bourbon Corporation's assets to Société Phocéenne de Participations by a decision of the Marseille Commercial Court will not impact the operations of Bourbon Guyana, which officially opened its doors in the new South American oil producing...
News

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...
News

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...
News

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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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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