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TotalEnergies, Eni announce significant gas discovery off Cyprus

OilNOW -
TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus...
News

Over 900 people on six rigs supporting safe drilling operations offshore Guyana – Routledge

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, said in a recent interview that there are over 900 highly trained people in total, stationed on the Stena Carron, Stena DrillMax, Noble Bob Douglas, Noble Tom Madden, Noble Don Taylor and Noble...
Exploration

High-impact well activity to bounce back after one-year slump – Rystad Energy

Shikema Dey -
Norway-based Rystad Energy expects a rebound of high-impact drilling after what was described as a “disappointing” 2021 with success rates plunging to record lows. Rystad Energy classifies high-impact wells through a combination of factors, including the size of the prospect,...
News

Guyana pushing massive road projects; more than 100,000 new vehicles registered in 5 years

OilNOW -
In the past five years, the Inter-American Development Bank (IDB) has found that more than 100,000 new vehicles were registered in Guyana with 1,176 vehicles occurring every month. In one of its recent project documents, the financial institution said...
News

Touchstone’s Cascadura gas project gets greenlight

OilNOW -
Trinidad and Tobago’s Touchstone Exploration Inc. received its Certification of Environmental Clearance (CEC) to move ahead with its Cascadura gas project from the Ortoire block offshore. Touchstone has an 80% operating working interest in the Ortoire block, with Heritage Petroleum Company...
News

Exxon’s risk and Shell’s multi-billion-dollar missed opportunity in Guyana’s Stabroek Block

Shikema Dey -
Under different circumstances, ExxonMobil’s success in the Stabroek Block would have been shared with Royal Dutch Shell. The British multinational was ExxonMobil’s partner in the Stabroek Block prior to 2015, with a 50% stake. But looking at the data at...
News

‘They can’t pay local companies in 90 days; I don’t care who defends that’ – Guyana VP

OilNOW -
Vice President Dr. Bharrat Jagdeo has given all assurances that the government intends to close loopholes being used to frustrate and circumvent the requirements of the Local Content legislation as well as address issues affecting local contractors such as extended waiting periods for...
News

CARICOM energy leaders make headway on food security

OilNOW -
Leaders of the two major producers of hydrocarbons in the Caribbean Community (CARICOM) —Guyana and Trinidad & Tobago— announced on Thursday that significant headway was made on defining collaborative efforts that will be pursued to ensure food security in their respective states. Specifically, Prime Minister...
News

Guyanese should have a chance to participate in oil blocks auction – Vice President

OilNOW -
With there being no legal constraints in the way, Vice President, Dr. Bharrat Jagdeo is of the view that a Guyanese consortium should have a chance to participate in the imminent oil blocks bid round which will now be...
Exploration

Keppel bags US$2.9 billion contract for ninth FPSO in Brazil’s Búzios field

OilNOW -
Keppel Offshore and Marine – a subsidiary of Keppel Shipyard – has secured a US$2.9 billion contract for the engineering, procurement, and construction of a new platform vessel for Brazil’s Petrobras. It would be the ninth vessel for Petrobras’ Búzios offshore oil field. Scheduled for...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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