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Guyana, T&T advance plans on regional energy security

OilNOW -
Guyana’s Head of State, Dr. Mohamed Irfaan Ali and Trinidad & Tobago’s Prime Minister, Dr. Keith Rowley advanced talks Thursday regarding energy security for the region. This was revealed by both leaders during a joint press conference in Port of Spain. Bilateral discussions were...
News

Oil block auction could be delayed as government finalises fiscal terms

Shikema Dey -
Guyana’s planned offshore oil block auction may come later than expected as its government works assiduously to get the fiscal terms right to ensure balanced benefit to the parties involved. The Vice President, Dr. Bharrat Jagdeo told the press on...
News

23 customs petroleum officers complete offshore safety, emergency response training

OilNOW -
Twenty-three officers within the Customs Petroleum Unit (CPU) of the Guyana Revenue Authority (GRA) have successfully completed a Tropical Helicopter Underwater Egress Training (THUET) course to develop knowledge and operating procedures in offshore safety and emergency response. The training session...
Exploration

Maersk Discoverer confirmed for new Guyana well in fourth quarter

OilNOW -
The Maersk Discoverer semisubmersible drilling rig is confirmed for exploration operations offshore Guyana in the fourth quarter of this year. According to Maersk’s latest Fleet Status Report, the rig is scheduled to be in Guyana, on contract with CGX Resources...
News

Local Content Secretariat filtering all applications vigorously for schemers – Bharrat

OilNOW -
In the context of local content, “fronting” is a case where nationals may be listed as shareholders, executives, or management, without real participation in the strategic decision-making process of foreign companies. They may even have lower salaries than their...
News

Nigeria signs new PSCs to boost offshore production, improve investor confidence

OilNOW -
Nigerian National Petroleum Company (NNPC), the state energy firm, announced the signing of a series of Production Sharing Contractors (PSC) aimed at boosting offshore oil production. Fully termed agreements were signed off with renegotiated PSCs for five oil mining leases...
News

ExxonMobil to pursue deepwater exploration off India coasts with state oil company

OilNOW -
The state oil company of India, Oil and Natural Gas Corporation (ONGC) has signed a Heads of Agreement (HoA) with ExxonMobil for deepwater exploration of the East and West coasts of the country. The HoA was signed by Shri...
News

JV delivers first OPITO-approved training facility for Guyana’s oil and gas industry

OilNOW -
ODITC – a joint venture partnership between Orinduik Development Incorporated, Windsor Technologies and 3t EnerMech – is the first entity with approval to deliver OPITO-accredited training to the oil and gas industry in Guyana. The 3t EnerMech Guyana Training Centre of...
News

Unbundling of contracts, shorter payment period now central focus of gov’t, private sector

OilNOW -
The Ministry of Natural Resources and the Private Sector Commission (PSC) indicated, following a meeting Tuesday, that they have aligned on matters related to local content and will move together to find resolutions. The meeting involved discussions about the unbundling of...
News

Petrobras selling off interest in exploration assets in Brazil’s Potiguar Basin

OilNOW -
Brazil’s state-controlled Petrobras has started the process to sell 40% of its interest in two exploratory deep-water concessions in the Potiguar Basin on the coast of Rio Grande do Norte. The company currently has a 100% interest in these concessions and said it will...
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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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