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Liza field plan being revised to pave way for commercial gas production – Guyana Finance Minister

Shikema Dey -
A review of the Liza Field Development Plan (FDP) and license is on Guyana’s agenda for 2023 to allow for the production of natural gas for commercial use in the country.  Its Senior Minister of Finance, Dr. Ashni Singh made...
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Guyana’s largest shore base facility hits ISO 45001:2018 certification

OilNOW -
Building on its ISO 9001:2015 certification, GYSBI – Guyana’s largest shore base recently announced that it is now ISO 45001:2018 certified. ISO 45001 is an international standard that specifies the requirements for a management system for occupational health and safety...
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Exxon’s 6th Guyana project targeting Whiptail, Pinktail, Tilapia fields

Kemol King -
ExxonMobil’s sixth Guyana project proposed for the Stabroek Block will develop the Whiptail, Pinktail and Tilapia discoveries, according to a project summary from the Environmental Protection Agency (EPA). Rystad Energy’s 2022 benchmarking update on Guyana estimates that these reservoirs have...
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Exxon selling stake in Esso Thailand as focus increases on Guyana, other lower-emissions assets

OilNOW -
ExxonMobil Corporation announced it has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand. This includes the sale of a refinery, select distribution terminals, and a network of Esso-branded retail stations.  Exxon said this transaction is...
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Oil to fund almost 30% of Guyana’s 2023 budget

OilNOW -
Guyana’s Finance Minister on Monday presented a national budget of GY$781.9 billion (US$3.75 billion) for the fiscal year 2023, of which oil revenues will contribute 26.7%. The Minister said that GY$208.9 billion (US$1 billion) is legally allowable for withdrawal from...
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“Better than expected” Guyana’s oil economy grew 124.8% in 2022 – Finance Minister

OilNOW -
Guyana's Finance Minister Dr. Ashni Singh said the country's oil sector expanded by 124.8% in 2022. The Minister revealed this during his presentation of Guyana’s 2023 budget. A total of 101.4 million barrels of crude were produced in the full year...
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2023: Major wells to watch in South America’s hottest basin

OilNOW -
With high-impact drilling set to make a rebound in 2023, there are several high-impact wells in the Guyana-Suriname Basin to watch out for. Rystad Energy classifies high-impact wells through a combination of factors, including the size of the prospect, whether...
News

Wait a while to talk renegotiation; show that investments in Guyana are stable – Bhagwandin

OilNOW -
Calls for Exxon’s Stabroek Block production sharing agreement to be renegotiated have not waned in some quarters. Guyanese economist Joel Bhagwandin says proponents are acting prematurely. He urges them to wait a few political cycles.  “The sanctity of an investment...
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Exxon seeking approval for 6th Guyana project, to push output over 1.2 million bpd

Kemol King -
ExxonMobil Guyana has asked Guyana’s Environmental Protection Agency (EPA) to commence an authorisation process for its sixth project offshore the South American country; the Whiptail development. The Whiptail- 1 discovery was announced in July 2021. The Whiptail-1 well encountered 246...
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Dutch company to supply 24 jumpers for US$12 billion Uaru Project

OilNOW -
Dutch Manufacturer, Strohm B.V has won a contract to supply ExxonMobil Guyana with 24 jumpers for its Uaru Project in the Stabroek Block. This marks the second contract for the Dutch firm from Guyana, with the first being awarded...
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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool....

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