Showing results for:

News

Saipem building construction yard with ‘largest heavy lift crane’ in Guyana, local team executing work

OilNOW -
Saipem said on Monday it has received authorization to proceed with the final phase of the Payara development project in Guyana from ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). This authorization allows for the finalization of the...
News

Westwood expects 2020 to close off with flurry of contract awards, Exxon’s Payara to push uptick

OilNOW -
Sanctioning of the Payara Development offshore Guyana has been driving several contract awards and confirmations with companies in the oil and gas industry ranging from vessel construction to subsea installation. The US$9 billion project was approved by Guyanese authorities in...
News

Curb in oil production pushes Guyana’s 4th crude lift back by a month – Bharrat

OilNOW -
The curb in oil production offshore Guyana to reduce the volume of gas being flared has resulted in a push back in the timeline for the country’s 4th million-barrel crude lift. ExxonMobil, operator at the Stabroek Block, had taken a...
News

Bureaucracy, red tape must not obstruct O&G development in Guyana, Sea Defence Board hears

OilNOW -
One of the state boards responsible for the approval of shorebase and waterfront developments, and other such facilities, has been warned that bureaucracy and red tape must not impede Guyana’s development, as the country is on track to experience...
News

Hess sees more upside to Guyana’s 9 billion boe estimate, big potential in Santonian

OilNOW -
A further increase in the gross recoverable resources is anticipated at Guyana’s Stabroek Block, adding to the recently upgraded 9 billion boe estimate, according to Hess Corporation. Greg Hill, Chief Operating Officer, explained to investors on the company’s Q3 earnings...
News

Oil search to continue at Hassa-1, stem test planned for Redtail

OilNOW -
Activities offshore Guyana are set to ramp up in the coming months as the search for more oil continues and targets that have already hit pay, are scheduled to be assessed. Subsea construction for the second phase of oil...
News

Liza Phase 2 hull, subsea work now 80% complete – Guyana production on track to surpass 300,000 bpd

OilNOW -
ExxonMobil’s giant Liza Phase 2 development offshore Guyana is on track to begin producing oil by early 2022 adding another 220,000 barrels of oil per day (bpd) at peak to the country’s output, which together with the 120,000 bpd...
Exploration

Staatsolie CEO sees big benefits for Guyana and Suriname from natural gas

OilNOW -
Large volumes of associated natural gas discovered with oil off the coast of both Guyana and Suriname can play a major role in the transformation of these neighbouring countries which are now moving to develop their deepwater hydrocarbon resources....
News

Guyana has the largest new conventional liquids play the world has seen in a decade

OilNOW -
The increase in the estimated gross discovered recoverable resources at the prolific Stabroek Block offshore Guyana places the South American country at the top of the list for the largest new conventional liquids play in the world over the...
News

ExxonMobil sees oil market in ‘early stages of recovery’, Guyana offshore remains top priority

OilNOW -
Even as it reported a third-quarter loss of $680 million on Friday following its largest-ever loss of $1.1 billion in Q2 2020, ExxonMobil Corporation said it sees the global oil market as being in the ‘early stages of recovery’...
1...237238239...326Page 238 of 326

Latest News

NewsOilNOW -

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...

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.

Quick Access

Company Info

Social Networks