Guyana accounts for over 70% of ExxonMobil’s new proven reserves placing it way ahead of its peers for new discovered volumes. However, Norway-based Rystad Energy is sounding an ominous warning that Big Oil could see proven reserves run out...
In an effort to ensure Guyana's US$900M gas-to-shore project is properly implemented, the Ministry of Natural Resources is actively searching for a Commercial Negotiator.
According to procurement documents seen by OilNOW, the successful applicant would be required to support the...
Italian oilfield services company Saipem will officially open its offshore construction facility this month in Guyana’s capital Georgetown, to support the growing offshore operations in the new oil producing South American country.
The facility will feature a heavy load bearing...
Even as the Guyanese Government contemplates the array of development possibilities to be derived from the associated gas found so far at the Stabroek Block, it would be in the nation’s best interest to get an independent third-party assessment...
On May 4, 2021, an analysis by OilNOW pointed to the rapidly growing hydrocarbon resources being discovered in the Guyana-Suriname Basin and how this is likely set to surpass the U.S. Geological Survey (USGS) estimates for the frontier region....
All systems are being put in place for Guyana’s second oil production vessel which will depart Singapore in June for the South American nation. The Liza Unity floating production storage and offloading (FPSO) unit will have double the capacity...
Preparations for the 220,000 barrels per day (bpd) Liza Phase 2 and Payara developments offshore Guyana are moving ahead on schedule and will soon add to the 120,000 bpd Liza Phase 1 project, effectively pushing Guyana’s output at peak...
As the global oil and gas industry continues to recover from the impact of the pandemic, ExxonMobil has reported that its production volumes are rising from 2020 levels, and for the first quarter of this year, output at the...
In a bid to optimize the sequence of development opportunities at the prolific Stabroek Block, ExxonMobil and Stabroek Block co-venturers Hess and CNOOC are looking to fast track field development where high-quality oil is found in large reservoirs, similar...
The Governments of Guyana, Northern Brazil, Suriname, and French Guiana are due for a meeting later this year on the planned regional energy corridor. Guyana’s President, Dr. Irfaan Ali made the disclosure during a press conference on Wednesday.
The planned...
