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Liza production to hit peak in August as water and gas injection come online – Hess

OilNOW -
Two additional high-quality reservoirs identified at Yellowtail-2 ExxonMobil is currently commissioning water injection equipment and bringing natural gas injection fully online at its Liza Phase 1 Development located 120 miles offshore Guyana at the Stabroek Block. This will see production...
News

Lead environmental consultants for Guyana offshore developments enter strategic partnership

OilNOW -
ERM Guyana Inc., an affiliate of ERM, said Wednesday it has entered an agreement with Guyana-based Environmental Management Consultants (EMC) to formalize the relationship between the two entities to provide environmental and socioeconomic support in Guyana, with a particular...
News

Venezuela’s oil and gas sector sees worst crisis

OilNOW -
Venezuela’s oil and gas sector was already caught in a vicious cycle well before the Covid-19 outbreak created a world economic crisis. Even though there are several international companies still remaining in the country, they are not investing in any...
News

Oil and gas project sanctioning set for staggering decline in 2020

OilNOW -
Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels, as the COVID-19 pandemic has caused E&P spending to drop much lower than what was expected at the beginning of the crisis....
News

Crucial aspects of Guyana’s oil & gas development on back burner as election impasse drags on

OilNOW -
The South American country of Guyana entered 2020 with great expectations for a bright future as oil production got underway last December and an upgrade in the offshore Stabroek Block resource estimate was announced in January along with the...
News

Staatsolie taking ‘accelerated steps’ to prepare for offshore oil bounty

OilNOW -
Fresh off the historical twin oil discoveries at Block 58, Suriname state oil company Staatsolie says the oil strikes mark a change for both the company and country and it has been preparing for this for years, partly through...
News

Transborders designates SBM Offshore exclusive operation & maintenance services contractor for FLNG facilities

OilNOW -
Transborders Energy (Transborders) announce on Monday that it has entered into a FLNG Solution Partnership Agreement with Single Buoy Moorings Inc. (SBM Offshore) for co-pursuing the deployment of Transborders’ FLNG Solution on a range of stranded offshore gas resource...
News

More Guyanese women entering oil and gas – almost 400 supporting Exxon’s operations

OilNOW -
A growing number of Guyanese women are entering the Oil and Gas sector as offshore operations in the South American country continue to expand in wake of multiple discoveries at the prolific Stabroek Block and beyond. Since 2015, ExxonMobil has...
News

Brazil’s Petrobras opens access to natural gas processing units in antitrust deal

OilNOW -
Brazilian state-led energy company Petrobras will grant rival producers and other companies access to onshore natural gas processing facilities in a two-step process in the latest move toward opening Latin America's biggest market under the terms of an antitrust...
Opinions

Considerations for an oil and gas lifting agreement for Guyana

Bobby Gossai, Jr. -
In offering an exploration opportunity in a block, the motivation of the government largely is to encourage investment in the form of exploration activities, such as shooting seismic and exploration drilling. The prime objective of the oil company is...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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