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T&T opens bid round; one nearshore, 10 onshore blocks up for grabs

OilNOW -
Trinidad and Tobago’s prime onshore and nearshore oil blocks are up for grabs as the twin-island republic launched a fresh competitive bid round, running up to January 9, 2023. All interested bids must be submitted by that deadline. Information from T&T’s...
News

Exxon seeking multiple suppliers in Guyana as operations expand

OilNOW -
ExxonMobil is on the hunt for multiple suppliers for a host of local services as its oil and gas operations in Guyana’s offshore Stabroek Block rapidly expands. Its Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), plans to put...
Discoveries

Petrobras wildcat strikes oil in Brazil’s pre-salt

OilNOW -
Petrobras said it found oil at the pioneer well 1-BRSA-1383A-RJS (Alto de Cabo Frio Central Noroeste) in the pre-salt of the southern part of the Campos Basin. The well is 230 kilometers (km) from the city of Rio de Janeiro-RJ, in...
News

Could Block 58 become the next Stabroek?

OilNOW -
Controlled by TotalEnergies and APA Corporation, Block 58 has churned out major discoveries – five thus far. Though few, compared to Guyana’s Stabroek Block, the discoveries have piqued investor interest leaving a lingering question – could Block 58 become...
News

Guyana to plug US$100M of oil revenue into hinterland diagnostic centres

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo said on Monday that US$100 million of revenues from the sale of Guyana’s crude will be used to build diagnostic centres for hinterland communities. He discussed the centers during the National Toshaos Conference, a...
Opinions

Review of the consolidated financials of the Stabroek Block co-venturers

OilNOW -
By Joel Bhagwandin - OilNOW Revenue The consolidated financial statements for ExxonMobil Guyana, Hess and CNOOC for the period ended December 2021 revealed total revenue of GY$545b up from GY$176b recorded in the previous year or by GY$369b representing an increase...
News

Aker BP finds gas in Norwegian sea

OilNOW -
Aker BP said it found gas at the Storjo well in production license 261 in the Norwegian Sea. Aker gets greenlight to develop Frosk field, off Norway coast | OilNOW The discovery, near the Skarv field, encountered several geological formations. The...
News

Saudi investment minister promises ‘strong capabilities and assets’ in Guyana partnership

OilNOW -
Coined as a “historical moment for Guyana and Saudi Arabia”, the Deputy Minister for Investors Outreach of the Kingdom of Saudi Arabia, Badr Al Badr, says that his home country wants to build a development roadmap for the two...
News

Guyana’s growth forecast jumps 10 percentage points after months of high oil prices

OilNOW -
Guyana’s Senior Finance Minister, Dr. Ashni Singh, told a large delegation from Saudi Arabia on Saturday that government now projects the South American nation’s economy will grow 57.8% in 2022. The government had projected 47.5% growth in Budget 2022, but that was...
News

Aker gets greenlight to develop Frosk field, off Norway coast

OilNOW -
Aker BP and its partners have received approval from the Norwegian Ministry of Petroleum and Energy for its development and operation (PDO) plan for the Frosk field in the Norwegian North Sea. Located in the Alvheim area, the Frosk field...
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TEDxTurkeyen conference to spark bold civic dialogue this August

A “space for fresh ideas, civic reflection, and visionary thinking”, TEDxTurkeyen is set to debut on August 29 at...

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