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Petrobras, European Energy explore E-Methanol Plant collaboration in Brazil

OilNOW -
Petrobras, Brazil's state-controlled oil company, and Danish firm European Energy have inked a Memorandum of Understanding (MoU) to explore potential business opportunities for establishing an e-methanol plant in Brazil. The non-binding agreement was signed at European Energy's headquarters in...
Exploration

Guyana basin should achieve payback in under 10 years at an oil price of US$60-80 – WoodMac

OilNOW -
Analysts have said the significant sums Guyana is set to receive in oil revenue can make the country one of the richest in the world, per capita. The companies producing oil there are also set to receive massive returns...
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UK business mission to Guyana seeks expansive investment opportunities

OilNOW -
The Caribbean Council, in collaboration with Mission Partners, is set to lead a United Kingdom (UK) Business Mission to Guyana from November 28 to December 1, 2023.  The initiative aims to bolster engagement for quality business investments and foster opportunities...
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“We are not a war-mongering nation but we have got to protect this territory and our country” – Guyana VP 

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Speaking at a public meeting over the weekend held in Anna Regina, Guyana's Essequibo region, Vice President, Bharrat Jagdeo, issued a stern warning to Venezuela's President, Nicolas Maduro. “Do not ever question our resolve Maduro or...
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African gov’t urged to bolster energy investment amid global shifts 

OilNOW -
The fallout from the Russian invasion of Ukraine rippled through global energy markets, prompting significant shifts in trade patterns and rekindling discussions about Africa's potential as a key energy supplier for Europe. However, despite this potential, recent reports from...
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Caracas land grab efforts also fueled by “jealousy and greed” over Guyana’s oil success 

OilNOW -
Vice President Bharrat Jagdeo believes that Venezuela’s heightened efforts to annex Guyana’s Essequibo region is fueled by his country’s success in the oil and gas industry.  “It is a kind of greed too because they have seen the successes in...
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Unanimous support emerges in TT Energy Forum for standardized pre-qualification system – Energy Chamber head 

OilNOW -
At the recent Local Content Forum, stakeholders from Trinidad and Tobago's energy sector rallied behind a pivotal idea: establishing a standardized pre-qualification system. Dr. Thackwray 'Dax' Driver highlighted the overwhelming support this proposal garnered across the supply chain in...
News

Ministry of Labour bolsters offshore safety credentials for certified officers for oil platforms 

OilNOW -
In a proactive move towards bolstering safety measures within the offshore oil sector, the Ministry of Labour proudly announced the certification of additional officers to work on floating production, storage, and offloading (FPSO) oil platforms operated by ExxonMobil Guyana.  According...
News

Border controversy: Planning for all eventualities, Guyana to see visits from U.S. Department of Defence – VP 

OilNOW -
Guyana's Vice President, in a press conference on November 23, announced impending visits from U.S. Department of Defense officials next week, underscoring the country's commitment to exploring all options in the escalating controversy with neighboring Venezuela. With tensions mounting between...
News

Petrobras unveils US$102 billion strategic plan, prioritizing O&G investments for energy transition 

OilNOW -
Petrobras, Brazil's state-owned oil and gas corporation, has revealed its strategic plan for the 2024-2028 period, highlighting a focus on oil and natural gas investments as drivers of growth. The plan, approved by Petrobras' board of directors on November...
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Guyana’s October crude oil exports went to 14 countries

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production...

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