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Natural gas makes up around 20% of Stabroek Block discoveries – Alistair Routledge

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, said on Wednesday approximately 20 percent of the more than 8 billion barrels of oil equivalent resources found so far at the prolific Stabroek Block, is natural gas. “You'll be familiar with the 8 billion oil equivalent barrels of...
News

US Gulf of Mexico operators shut in more oil, gas as twin storms race toward coast

OilNOW -
(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...
News

Oil and gas pushing major investment opportunities in South America’s newest hotspot

OilNOW -
Chief Executive Officer (CEO) of the Guyana Office for Investment, Owen Verwey, says Guyana is now a prime investment destination for oil and gas as well as a wide cross section of industries that make up the country’s diverse...
News

ExxonMobil limiting oil production after encountering additional challenges with gas compressor

OilNOW -
Additional challenges with the gas handling system on the Liza Destiny FPSO has resulted in ExxonMobil taking a decision to limit oil production in order to curb flaring. Despite the challenges, the company says it is continuing to safely...
News

Gas from Liza field meet requirements of proposed power project – ExxonMobil

OilNOW -
As discussions continue in Guyana on the prospect of piping gas to shore for generation of cheaper and cleaner energy, ExxonMobil, operator at the Stabroek Block, has confirmed that volumes found at the Liza field meet the requirements of this proposed project....
News

Drilling rigs count collapsing globally but Guyana offshore remains resilient

OilNOW -
Even as the number of rigs drilling for oil and gas continues to collapse globally, activities offshore Guyana not only continues, but is being ramped up, particularly in the ExxonMobil-operated acreages, including Stabroek Block where the company has so...
Opinions

Principles for natural gas agreement with the Government of Guyana

Bobby Gossai, Jr. -
The Guyanese government under the contract is likely to have its own share of profit hydrocarbons to lift, including natural gas. A state-owned oil and gas company (‘the government oil & gas company’) will be appointed to lift such...
Featured

7 of the world’s biggest offshore structures

OilNOW -
As oceans swell around them, some of the world's tallest man-made structures live in water, not on land. There's not a whole lot of variety when it comes to these man-made mammoths of the sea. Most of theses mega-builds...
News

Apache announces major oil discovery at Block 58 Offshore Suriname

OilNOW -
Third consecutive discovery offshore Suriname confirms a world-class hydrocarbon resource Kwaskwasi-1 well encountered 278 meters (912 feet) of net oil and volatile oil / gas condensate pay. Fourth exploration prospect in Block 58, Keskesi East-1, will be drilled...
News

Wood Mackenzie: What would a Joe Biden win mean for oil and gas?

OilNOW -
With analysis from Julie Wilson, Research Director Global Exploration, Ed Crooks, Vice-chair, Americas and Rowena Gunn, Research Analyst Joe Biden is edging ahead in the race for the White House. The latest average of polls, as of 24 July, suggests that 50% of Americans...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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.

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