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Baker Hughes brings efficiency to Guyana’s oil sector with opening of Supercenter

Known worldwide for its advanced technologies, serving energy and industrial companies, Baker Hughes has brought top-tier oilfield services to Guyana with the opening of a Supercenter on the East Bank Corridor at Land of Canaan. A multi-million-dollar investment, the Supercenter...

Woods set to deliver major address at opening of energy conference in Guyana today

Chairman and Chief Executive Officer of Exxon Mobil Corporation, Darren Woods, will deliver the feature address today at the opening of the International Energy Conference and Exhibition at the Guyana Marriott Hotel in Georgetown. OilNOW sat down with Woods for...

CGX says early wireline logging results confirm landmark discovery

CGX Energy Inc. and Frontera Energy Corporation (TSX: FEC) said on Monday that Kawa-1 early-stage Wireline Logging results confirm the Logging While Drilling (LWD) indications previously disclosed on January 31, 2022, with a total of 200 feet of net...

SBM Offshore proud of start-up at its largest Guyana FPSO to date

SBM Offshore said on Monday it is pleased to announce that FPSO Liza Unity has produced first oil as of February 11, 2022, and is formally on hire. The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s industry...

‘One Guyana’ will deliver biggest daily production for new oil nation

Pegged at a massive 250,000 barrels of oil per day, the floating production storage and offloading (FPSO) vessel for ExxonMobil’s fourth project at Stabroek Block has been named One Guyana and will join its sister vessels Liza Unity, Liza...

“Team of teams” delivered Guyana’s biggest oil production project to date

Record pace. These are the words being used to describe U.S. oil major ExxonMobil’s operations in Guyana where it has made over 25 discoveries since 2015 at the Stabroek Block, delivering over 10 billion barrels of oil equivalent and...

Government applauds first oil from Liza Unity FPSO; earnings set to triple

The Government of Guyana through the Ministry of Natural Resources said on Friday that it welcomes the announcement by ExxonMobil on the commencement of production at Guyana’s second offshore Development from the Liza Unity FPSO.  The operation of the vessel...

Exxon hits first oil at second Guyana development

ExxonMobil said on Friday it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first...

‘Highly prolific quality reservoir’ targeted for Exxon’s 5th development in Guyana

The South American country of Guyana is moving full steam ahead with the development of its vast hydrocarbon resources mainly at the prolific Stabroek Block, where U.S. oil major ExxonMobil has found over 10 billion barrels of oil equivalent...

SBM Offshore project portfolio at record level with multiple Guyana FPSOs in play

Dutch floater specialist SBM Offshore reported on Thursday an Underlying Directional revenue of US$2,317 million for 2021, an increase of 1% compared with 2020, mainly resulting from ramp-up of activities with five FPSOs under construction in 2021, the awarded...

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Berbice gas development pipeline could cost US$2B, ‘not a small investment’ – says ExxonMobil Guyana President

The pipeline to support Guyana’s gas development in East Berbice-Corentyne (Region Six) could cost about US$2 billion or more....