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Guyana will benefit from “first-mover advantages” by advancing offshore developments – API Chief Economist

OilNOW -
New oil producer Guyana has much to gain from advancing development projects at its vast offshore oil fields where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent resources and other explorers...
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Payara development targeting 220,000 bpd peak production

OilNOW -
ExxonMobil’s 3rd proposed development at the Stabroek Block offshore Guyana is targeting 180,000 to 220,000 barrels of oil per day, pending government approvals. During the early stage of production operations, the project is anticipated to produce an average of approximately...
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Gas-to-shore project will be a key part of Guyana’s wealth creation – Morgan D. Bazilian

OilNOW -
No technical barriers exist for piping natural gas from the Stabroek Block to shore for power generation and other applications in Guyana and with Gross Domestic Product (GDP) expected to triple in coming years, making this project a reality...
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Logistics company ramping up vessel capacity as demand for services offshore Guyana grows

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RAMPS Logistics is expanding its services in Guyana as exploration and production activities offshore the South American country continue to expand. The company plans to increase the number of vessels operating in the country which the head of its...
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Saipem FDS 2 preparing seabed infrastructure for Liza Phase 2

OilNOW -
Italian multinational oilfield services company Saipem is in the process of executing pipelaying work with the Crane Ship Saipem FDS 2, for phase 2 of ExxonMobil’s Liza Development offshore the South American country of Guyana. The Saipem FDS 2 is...
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Record-setting Stena Carron reaching previously un-drillable depths

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The Stena Carron drill ship is writing itself into the history books with a string of successful discoveries offshore Guyana, demonstrating its industry leading performance technology, making it ideal for drilling in dynamic environments such as the 6.6 million...
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Guyana’s astronomical growth projections based on development of its massive oil fields – Deygoo-Boyer

OilNOW -
Despite the challenges of the COVID-19 pandemic and recent political uncertainty surrounding its elections, Guyana is still projected by the International Monetary Fund (IMF) to be the fastest growing economy in the world this year.    “Oil and gas is...
News

No backtracking of spending by ExxonMobil in Guyana – API’s Chief Economist

OilNOW -
The continuation of exploration and production activities offshore Guyana means that the South American country has not seen a backtracking of spending by ExxonMobil as has been the case with other oil majors in various parts of the world. This...
News

Trinidad & Tobago reports significant fall in natural gas production

OilNOW -
Trinidad and Tobago’s Ministry of Energy and Energy Industries on August 11 reported that the Country’s natural gas production plummeted in June to its lowest level since 2016 averaging a mere 3.110 billion standard cubic feet per day (Bscf/D). The...
News

Hull for 3rd Guyana-bound oil production vessel launched

OilNOW -
China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered the Prosperity FPSO hull, the second floater to be built under SBM Offshore's Fast4Ward® program for the ExxonMobil-operated Stabroek Block, offshore Guyana. The Prosperity will have a 220,000 barrels per day capacity,...
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Bulk carrier spills oil at Guyana’s Demerara River, regulator says

A bulk carrier moored at a wharf along Guyana’s Demerara River spilled oil on Thursday, prompting an emergency response...

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.

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