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ExxonMobil, Guyana officials “excited” about new discovery

OilNOW -
The announcement on Tuesday by ExxonMobil of a new oil discovery at the Payara-2 well has reinforced a widely held belief that significantly more oil than what has so far been detected may lie beneath the Atlantic Ocean offshore...
Discoveries

BREAKING: Exxon discovers more oil at Payara; pushing total to 500 million barrels

OilNOW -
ExxonMobil Corporation today announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels. The company said these positive well results increase the estimated gross recoverable resource for...
News

Canadian O&G trade mission due in Guyana September

OilNOW -
The Newfoundland and Labrador Oil & Gas Industries Association (NOIA), in partnership with the Atlantic Canada Opportunities Agency (ACOA) and the Department of Tourism, Culture, Industry and Innovation (TCII) are planning a trade mission to Guyana during the week of...
News

11 Guyanese to work offshore on Stena Carron drill ship

OilNOW -
Eleven Guyanese have been selected to work offshore on the Stena Carron drillship which is currently conducting exploration work at the Payara 2 well in the Stabroek Block offshore Guyana, for US super-major, ExxonMobil. The candidates selected were recruited...
News

Guyana private sector adopts unified approach for oil & gas preparations

OilNOW -
A new approach adopted by groups representing Guyana’s business community coupled with recent statements from a key government official, have served to renew optimism at the level of the country’s private sector, in its approach to preparations for first...
News

“We are willing to learn, build capacity” for oil & gas – Guyanese manufacturing body

OilNOW -
The head of a body that represents manufacturers in Guyana says businesses are eager to learn and build capacity in order to capitalize on opportunities in the oil and gas sector. President of the Guyana Manufacturing and Services Association (GMSA)),...
News

ExxonMobil confirms award of contracts to SBM for Liza project in Guyana

OilNOW -
ExxonMobil has formally confirmed the award of contracts to SBM Offshore for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a Floating Production, Storage and Offloading Vessel...
News

Hess to sell enhanced oil recovery assets in Permian Basin

OilNOW -
Hess Corporation said on Monday it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation (NYSE: OXY) for a total consideration of $600 million, effective...
News

ExxonMobil to provide plan for sourcing goods and services in Guyana, utilizing local labour

OilNOW -
US super-major ExxonMobil will have to provide a detailed plan to the Guyana government for the procurement of goods and services in the country as well as the employment and training of Guyanese citizens, in keeping with requirements of...
News

450 million barrels of oil will be produced in Phase-1 Liza development

OilNOW -
Approximately 450 million barrels of oil will be produced in the first phase of the Liza oil field development, 120 miles offshore Guyana. The Liza Phase 1 development includes a subsea production system and a floating production, storage and offloading...
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TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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