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Major international consortium cops ultra-deepwater Agua Marinha block in Brazil’s Campos Basin

OilNOW -
A consortium led by Petrobras has successfully signed the production sharing contract (PSC) for the Agua Marinha exploration block in the ultra-deepwater Campos basin, located offshore Brazil. This block was awarded during Brazil's first cycle of open acreage under...
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Suriname having hard time getting oil dollars; Guyana remains attractive – Jagdeo

OilNOW -
Vice President of Guyana, Dr. Bharrat Jagdeo, on Thursday discussed the challenge the country faces in attracting oil investments, as it contends with 85 other nations vying for similar opportunities via bid rounds. He made the comments in response...
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Frontera 76% deep in CGX’s business

OilNOW -
CGX Energy Inc., a Canadian firm in search of oil since the 1990s, is doing everything possible to maintain its presence in Guyana, the hottest exploration destination in the world. After its subsidiary, CGX Resources Inc. relinquished the Demerara...
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India, Africa, UAE helping Guyana build capacity to manage oil sector

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Authorities in Africa, India, and the United Arab Emirates (UAE) are stepping up to help Guyana strengthen its oil sector capabilities, said Vice President Dr. Bharrat Jagdeo during a press engagement on Thursday in Georgetown. The chief policymaker for the...
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Qatar inks 15-year LNG supply deal with Bangladesh

OilNOW -
QatarEnergy’s liquefied natural gas (LNG) trading arm, QatarEnergy Trading, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply about 1.8 million tons per annum (MTPA) of LNG...
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ExxonMobil and Nucor to Capture and Store 800,000 Metric Tons of CO2 Annually

OilNOW -
ExxonMobil Low Carbon Solutions recently announced a carbon capture and storage agreement with Nucor Corporation, one of North America's largest steel producers. Under this new agreement, ExxonMobil will undertake the capture, transport, and storage of up to 800,000 metric...
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Guyana must use all fora to advance facts on border case – Jagdeo

OilNOW -
The recent meeting of 11 South American Presidents and one Prime Minister in Brazil presented a significant opportunity for Guyana. According to Vice President, Dr. Bharrat Jagdeo, the occasion offered the country the chance to provide a factual perspective...
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Trinidad wants US to amend sanction waiver on Venezuela for Dragon gas deal

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Trinidad and Tobago wants the United States government to make changes to the terms of a waiver that authorised the joint development of an offshore gas field with Venezuela, according to the Caribbean nation's Minister of Energy.  The waiver, issued...
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Environmental concerns halt Petrobras’ plans for equatorial prospect in offshore Brazil

OilNOW -
Petrobras had plans to drill the Morpho 1-APS-57 prospect in block FZA-M-059 but this was stopped short when the environmental agency, the Institute of Environment and Renewable Natural Resources (IBAMA) denied the license after concerns were lodged.  Chief Executive Officer...
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Van Oord’s Stingray barge mobilising for Gas-to-Energy project

Kemol King -
Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners to navigate with extreme caution, as ExxonMobil moves to commence pipelaying activities.  MARAD has provisioned June 1 - November 1 as the period for these activities. It said the shallow...
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Telesur and Orange expand subsea capacity to meet Suriname’s rising oil and gas demand

PARAMARIBO, SURINAME – Telecommunications provider Telesur and Orange Global Networks have entered a new ten-year agreement to expand Suriname’s...

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