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US$1.63 billion financing secured for Brazil’s largest FPSO – SBM Offshore

OilNOW -
SBM Offshore has secured project financing of US$1.63 billion for the floating production, storage and offloading (FPSO) vessel Almirante Tamandaré, which is set to become Brazil's largest oil-producing unit. The project financing has been provided by a consortium of...
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Guyana receives almost US$80 million for sole oil lift in March

OilNOW -
A statutory report in Guyana’s Official Gazette indicates the country received and sold one lift of profit oil from Stabroek Block crude production in March. The lift earned the country US$79,613,822.68 (GY$16,599,482,029).  For the new year, Guyana has received US$219,454,039.47...
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‘ONE GUYANA’ to be highest producing FPSO delivered by SBM Offshore 

OilNOW -
The ‘ONE GUYANA’ floating production storage and offloading (FPSO) vessel will be, not only the highest producing floater offshore Guyana, but also the highest producing FPSO to be delivered by SBM Offshore.  ONE GUYANA is designed to produce 250,000 barrels...
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19 out of 21 charged in PDVSA’s missing US$21.2B scandal 

Shikema Dey -
Charges of appropriation or distraction of public patrimony, money laundering and association, influence peddling, among other crimes were laid against 19 of the 21 persons fingered in the massive US$21.2 billion PDVSA scandal.  In a Tweet, Venezuela’s Attorney General Tarek...
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QatarEnergy farms into two Exxon-operated licenses in Canada

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QatarEnergy has announced its entry into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada. Pursuant to the agreement, QatarEnergy holds a 28% working interest in license EL 1167, where...
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Ministry, CNOOC team up to fund petroleum studies for Guyanese in China

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Guyana’s Ministry of Natural Resources and CNOOC Petroleum Guyana Limited is offering a limited number of scholarships in China at the Bachelor’s Degree level for the next academic year (2023/2024).  The scholars, to receive instruction in geoscience and petroleum engineering,...
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Cataleya Energy sees huge success in training program for business managers in Guyana

OilNOW -
Kaieteur Block partner, Cataleya Energy, has brought the curtains down on a six-month business management training program, with a graduation ceremony for 18 in Guyana's capital, Georgetown.  Cataleya’s co-founder and Director, Ryan Perreira, said the company has decided to reprise...
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Role, capacity of environmental regulator critical to Guyana’s success with oil

OilNOW -
Guyana’s Environmental Protection Agency (EPA) is a vital pillar in the country’s balancing act of being an oil producer, while also adhering to strict global climate goals.  And because of this, its institutional capacity must be strengthened to monitor and...
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Development drilling continues at Exxon’s Yellowtail

OilNOW -
Development drilling is progressing at the Yellowtail well site in the Stabroek Block offshore Guyana, according to a notice from the country’s Maritime Administration (MARAD).  A March 28 notice said that “Esso Exploration & Production Guyana Ltd (EEPGL) will continue...
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China and South America’s top oil producing nation ditch trading in US dollars 

Shikema Dey -
No more trading in Benjamins.  Brazil and China sparked a global conversation with its move to ditch trade in US currency.  The deal, announced on March 29, will see China considered the top rival to US economic hegemony and South America’s...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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