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Guyana President takes defence diplomacy to the UN in border case with Venezuela

OilNOW -
Guyana is taking out all the stops in its effort to protect its territorial integrity from the threat of Venezuela. Even though it believes in the integrity of a judicial settlement in the border controversy against Venezuela, it sees...
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McDermott bags EPSCI contract from TotalEnergies for Angola project

OilNOW -
TotalEnergies has contracted McDermott for engineering, procurement, supply, construction, installation (EPSCI), pre-commissioning, and assistance to commission and start up its Begonia Project offshore Angola, the latter said on Tuesday. The Begonia field is located in water depths between 400 and...
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As Russia deliveries dwindle Germany has looked to Guyana, other locations for rare imports

OilNOW -
As oil and gas deliveries from Russia dwindle in wake of the war in Ukraine, Germany, Europe's biggest oil consumer, has been scrambling to find new sources of energy which has seen rare imports in recent months from countries...
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Guyana local content regulator mulling guidelines to end ‘fronting’ in joint ventures

OilNOW -
The Local Content Secretariat (LCS) is seeking to draft guidelines that will signal clearly, how joint venture partnerships will be deemed genuine. Noting this recently was the President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker. Director...
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Maersk Drilling awarded one-well extension for Suriname campaign

OilNOW -
TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension is expected to commence in January...
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MoU signed for landmark Nigeria-Morocco gas pipeline set to cross 13 African countries

OilNOW -
The Nigeria-Morocco Gas Pipeline (NMGP) has “taken off”, the Nigerian National Petroleum Company (NNPC) said last week. A memorandum of understanding (MoU) was signed between NNPC, Morocco’s National Office for Hydrocarbons & Mines (ONHYM), and the Economic Community of...
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Though Guyana has long way to go, Jagdeo satisfied with progress on oil sector governance

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo says the country has improvements to make in its natural resource governance structure, but that he is generally satisfied with the efforts made thus far by the government. Jagdeo, who is the government's chief...
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Petronas says development of gas find off Bintulu coast, Malaysia, can be expedited

OilNOW -
PETRONAS said Tuesday that Mubadala Petroleum struck gas from its Cengkih-1 exploration well in Block SK 320 in the central Luconia Province, about 220 kilometers off the coast of Bintulu, Sarawak, offshore Malaysia. The well was successfully drilled to a total depth...
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Guyana lab now equipped to run multiple tests on crude being produced offshore

Shikema Dey -
Guyana’s Crude Testing Lab run by the Guyana National Bureau of Standards (GNBS) is now able to conduct all necessary tests of Liza Crude and Unity Gold being produced offshore. Crude oil testing helps to ascertain crude characteristics to determine the...
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Oil prices surge as Putin escalates war in Ukraine

OilNOW -
(Reuters) - Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.28, or 2.5%,...
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Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...

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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