Showing results for:

Industry Insight

“Elephant Man” says Guyana-Suriname Basin has big potential

OilNOW -
Canadian oil and gas consultant Rob Strong is adamant that much more oil will be found in the Guyana-Suriname Basin, in keeping with his view that the world class Liza discovery is like an elephant; and “elephants don’t travel...
Discoveries

Partners fast-tracking second Liza FPSO

OilNOW -
ExxonMobil is fast-tracking a second floater project for Guyana’s Liza area development amid suggestions that the next unit will be significantly larger than the 120,000-barrels-per-day Liza-1 unit. According to an Upstream report, plans for a second floating production, storage and...
News

Repsol wins Petroleum Economist Award

OilNOW -
Repsol’s issue of certified green bonds, the first of its kind in the global oil and gas sector, has won the recognition of Petroleum Economist magazine. The company has a Production Sharing Contract (PSC) with the Guyana Government to explore...
News

Noble to begin drilling Liza phase 1 wells in 2018

OilNOW -
ExxonMobil has contracted Noble Corporation for drilling of the Liza Phase 1 development wells set to begin in 2018. OilNOW understands the Noble Bob Douglas drill ship will begin its campaign by Q2 2018 and the contract is expected to...
Industry Insight

Guyana, get ready for a wild ride!

OilNOW -
This is the first of several columns that I will be contributing to OilNOW. Allow me to introduce myself. Very briefly, my 40-year background in this industry is comprised primarily of positions in the service and supply facet of the...
News

SBM seeking manpower services for Liza Destiny as conversion of VLCC begins

OilNOW -
SBM offshore subsidiary; Guyana Deep Water Operations Inc. (GDO), is inviting companies to bid for the provision of manpower services for the operation of the Liza Destiny FPSO, scheduled to arrive in Guyana late 2019. GDO said via a public...
News

Hess says production halted at several locations following Gulf of Mexico fire

OilNOW -
Hess Corporation (NYSE: HES), a 30 percent stakeholder in the Stabroek Block offshore Guyana, said on Monday that production has been halted at several locations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov....
Exploration

Africa Oil enters partnership with Eco Atlantic for Guyana, Namibia acreages

OilNOW -
Africa Oil Corp. says it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in Guyana and West Africa. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77%...
News

Former SBM CEO, sales executive, plead guilty in Petrobras scandal

OilNOW -
(Bloomberg) A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds. ExxonMobil Guyana closely studying Petrobras corruption case...
News

VLCC for Liza Destiny conversion to arrive in Singapore this month

OilNOW -
SBM Offshore expects the Very Large Crude Carrier (VLCC) for ExxonMobil’s Liza project offshore Guyana to sail into Keppel Shipyard in Singapore later this month, for conversion to an FPSO. The program should get under way later this year. The shipyard’s work scope includes refurbishment...
1...373374375...387Page 374 of 387

Latest News

NewsOilNOW -

MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks