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Indian refiners snapping up Liza crude, going after term deal with Brazil

OilNOW -
Refiners in India, the third largest importer of oil in the world, are continuing to look towards Guyana and its neighbour Brazil to secure agreements for the supply of crude. Since last year, Indian refiners have been snapping up maiden...
News

OPEC+ oil production drops to six-month low as Russian output takes battering

OilNOW -
(S&P Global Platts) Crude oil production by OPEC and its partners fell to a six-month low of 41.58 million b/d in April as Russian production took a battering from Western sanctions, the latest Platts survey by S&P Global Commodity...
News

Wei-1 chance of success doubled after updated results from Kawa-1 – CGX, Frontera

OilNOW -
CGX Energy’s discovery at the Kawa-1 well has ignited hopes of success in the Wei-1 well. CGX and its partner on the Corentyne Block, Frontera, said the detailed seismic and lithological analysis captured from the Kawa-1 find thus far hiked...
News

Brazil, Guyana exploring Boa Vista-Georgetown Road corridor to boost trade, investment

OilNOW -
Following a state visit of the President of Brazil, Jair Bolsonaro to Guyana to meet with President Dr. Mohamed Irfaan Ali last Friday, the two agreed to explore the merits of a road corridor linking Boa Vista, the capital...
News

Noble may divest five rigs to secure approvals for Maersk merger

OilNOW -
With a mid-2022 deadline eyed for the finalisation of the merger between Noble Corporation and Maersk Drilling, Noble may soon sell five of its rigs for the deal to go through. Providing an update on the merger, Maersk and Noble...
News

Guyana signs air services agreement with world’s largest oil producer

OilNOW -
Aiming to be a major transport hub in the Latin America and Caribbean (LAC) region, Guyana has entered into an Air Services Agreement with the world’s largest oil producer, the Kingdom of Saudi Arabia. Guyana’s Minister of Public Works, Bishop Juan...
Exploration

CGX, Frontera announce discovery of light oil, gas condensate at ‘plugged and abandoned’ well

OilNOW -
Following their receipt of integrated results for the Kawa-1 well, Canadian joint venture partners, CGX Energy Inc. and Frontera Energy Corporation announced on Monday that the “finder well” successfully unlocked light oil and gas condensate at the Corentyne Block. Gabriel...
Exploration

Guyana holds over 10% of all conventional resource finds since 2015

OilNOW -
Guyana has made its mark in the global oil and gas industry with an estimated proven recoverable resource of nearly 11 billion oil-equivalent barrels in the ExxonMobil-operated Stabroek Block. “That figure accounts for more than 10% of all the conventional...
News

Exxon pledges strictest adherence to int’l standards on flaring, produced water treatment for Uaru Project

OilNOW -
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has assured authorities in Guyana that its proposed development at Uaru will abide by the strictest international standards and best practices for gas flaring and produced water. Application process for Exxon’s...
News

Yellowtail Development: Exxon to provide gov’t with list of training opportunities for Guyanese

OilNOW -
The Petroleum Production Licence (PPL) for the US$10B Yellowtail Project stipulates that ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), must provide the government with a list of potential opportunities for local and overseas training or secondee positions within its...
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Latest News

NewsShikema Dey -

SBM Offshore turnkey revenue doubles on progress of Jaguar and GranMorgu FPSOs 

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