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Oil and gas companies continue to fold under severe pressure even as Guyana offshore blooms

OilNOW -
The COVID-19 pandemic is adding severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. This comes at a time when prospects on the South American north coast continue to...
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President Ali pushes 60% reduction in electricity cost as part of gas to power initiative

OilNOW -
Guyana’s President, Dr. Irfaan Ali, says his administration is committed to establishing a natural gas facility to meet the energy needs of the South American nation. Dr. Ali's comments come almost a week after President of ExxonMobil Guyana, Alistair Routledge,...
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Normand Installer set to arrive in Guyana as development work for Liza Phase 2 continues

OilNOW -
Activities are ramping up offshore the South American country of Guyana in preparation for the Liza Phase 2 Development, set to come on stream by mid-2022. The multi-purpose offshore vessel Norman Installer will arrive at the Stabroek Block this...
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ExxonMobil looking forward to positive results from Guyana drill campaigns

OilNOW -
Results from the Redtail-1 prospect located some 103 nautical miles off the coast of Guyana at the Stabroek block are expected soon while a new campaign at the ‘deepest well ever drilled’ in the South American country at Tanager-1,...
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“ExxonMobil will be in Guyana for a long time” – PM Mark Phillips

OilNOW -
Officials from ExxonMobil Guyana paid a courtesy call on newly appointed Prime Minister in the South American country, Brigadier Mark Phillips, on Friday.   The ExxonMobil team included President of the company, Alistair Routledge, and Senior Director, Government Relations, Marcus...
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Schlumberger in search of company in Guyana for major building project

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US oilfield services company, Schlumberger, is seeking a company in Guyana to supply and install foundation components for a shared Wireline and Drilling and Measurements Calibration Building. The contractor will be required to perform the supply and installation of the...
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Guyana can be generating cheap electricity, producing cooking gas by mid-2020s – Kevin Ramnarine

OilNOW -
Natural gas from Guyana’s Stabroek Block can be piped to shore by the mid-2020s for the provision of cheap and cleaner electricity and production of valuable liquids such as propane (cooking gas) and butane. ExxonMobil Guyana President, Alistair Routledge, said...
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Guyana ranks 3rd in the world for FPSO deployments through 2025 – GlobalData says in new report

OilNOW -
The South American country of Guyana is expected to deploy a minimum of three more Floating Production Storage and Offloading units (FPSOs) during the period 2020-2025, placing it at number 3 in the world for floating production vessels, along...
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CNOOC postpones start-up of project at UK’s highest-producing oil field

OilNOW -
COVID-19 safety measures and the postponement of the Forties pipeline overhaul have forced China's CNOOC to push the startup of its Buzzard phase II oil project into 2021, the company said Tuesday. According to a S&P Global Platts report, the...
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24 Guyanese trainee technicians return for placement on Liza Destiny FPSO

OilNOW -
The first group of Guyanese operations and maintenance trainees recently returned to the South American country after an extensive 18-month training programme in Canada organized by ExxonMobil Guyana. The company said in an update on Tuesday they will soon be...
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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...

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