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Exploration

Tanager results a reminder that exploration is a risky, expensive business – Ramnarine

OilNOW -
The results from the Tanager-1 exploration well at the Kaieteur Block offshore Guyana announced on Tuesday brings back into focus the risky nature of exploration, even in a basin where the success rate has been well above 90 percent. Since...
News

ExxonMobil looking to establish high-speed fibre-optic service linking offshore, onshore operations

OilNOW -
In an effort to ensure production within the Stabroek Block is efficiently managed at all times, ExxonMobil Guyana plans to implement a secure, high-speed fibre-optic/wireless transport service. The project will ultimately connect the oil major’s onshore and offshore facilities...
News

ExxonMobil plans to evaluate Tanager-1 well data, continue search for hydrocarbons

OilNOW -
ExxonMobil Guyana said on Tuesday it will be looking to evaluate results from the Tanager-1 well at the Kaieteur Block offshore Guyana where hydrocarbon resources discovered were not in commercial quantities. “We can confirm that Tanager-1, the first well in...
News

Tanager-1 is non-commercial, well to be plugged and abandoned

OilNOW -
The Tanager-1 exploration prospect - the deepest well ever drilled in the Guyana-Suriname Basin to date – is being considered as non-commercial as a stand-alone development. According to a press update from Ratio Guyana Limited, which has a 25% interest...
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Guyana offshore remains highly competitive – a major plus in current market conditions

OilNOW -
The oil being produced offshore Guyana is a low sulphur high-quality blend which together with lower breakeven costs, will continue to benefit from investor interest and high demand, given the shift from heavier fuels due to environmental regulations and...
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Mega 220,000 bpd Liza Unity FPSO begins integration phase in Singapore

OilNOW -
Dutch floater specialist SBM Offshore said Monday the Fast4Ward® Multi-Purpose Floater (MPF) hull for the Liza Unity FPSO has moved to the integration quayside in Keppel TUAS, where the topsides integration phase started with the progressive lifting of the...
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U.S wants to remain Guyana’s trading partner of choice

OilNOW -
The United States is looking to remain the top trading partner of new oil producer Guyana where investment opportunities have been steadily increasing since 2015 when US oil major ExxonMobil made its first world class oil discovery off the...
News

Guyana FPSO contributes to 16% revenue increase for SBM Offshore

OilNOW -
Dutch floater specialist SBM Offshore is reporting a 16 percent increase in revenues for Q3 2020 when compared to the same period last year and this is being attributed in part to higher Lease and Operate earnings from the...
Exploration

Liza Destiny, drillships rack up over 11 million hours without lost time injury offshore Guyana

OilNOW -
Safety continues to be a top priority in the exploration and production activities offshore Guyana where ExxonMobil is operator at the prolific 6.6 million acres Stabroek Block. The Liza Destiny FPSO, built and operated by SBM Offshore, arrived in...
News

ExxonMobil drilling 14th well for Liza Phase 1 development ahead of evaluation exercise

OilNOW -
ExxonMobil will be embarking on an assessment of the Liza Phase 1 Development reservoir results at the prolific Stabroek Block, where the Liza Destiny FPSO is currently producing oil offshore Guyana. The Noble Bob Douglas is currently drilling the...
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Keystone Consulting debuts at OTC: set to deliver grounded market intelligence on Guyana, region 

Houston, Texas, United States - Keystone Consulting (Guyana) Inc., a new research, marketing, and business intelligence firm, was officially...

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