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TechnipFMC bags subsea contract for Brazil’s Búzios 6-9 fields

OilNOW -
TechnipFMC announced Tuesday that it has been awarded a substantial subsea contract by Petrobras for the Búzios 6-9 fields. Located in the Santos basin offshore Brazil, these fields are part of the pre-salt area, with a water depth of 2,000...
News

VLCC fixtures shrouded in secrecy in ailing tanker market

OilNOW -
(S&P Global Platts) A mostly transparent VLCC market is witnessing an increase in deals being concluded privately as a dismal freight market is offering charterers the luxury to quietly pick and choose their preferred owners as well as keep...
News

Head of Exxon’s Guyana operations says no sustainable business can be run solely by expats, overseas companies

OilNOW -
As authorities in Guyana forge ahead with the establishment of a local content policy that is likely to be backed up by legislation, the largest oil and gas company operating in the South American country is making it clear...
News

Norway marine company to conduct 4D survey for Exxon offshore Guyana

OilNOW -
Norway-based integrated marine geophysical company PGS has been awarded a significant 4D acquisition contract by ExxonMobil for work offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015. A Titan class vessel is scheduled to...
News

Guyana discoveries ‘like pearls on a string’, success now stretches to Suriname – Global Consultant

OilNOW -
The unprecedented series of oil strikes in the deepwater offshore Guyana are being described by a global consultancy firm as ‘pearls on a string’ that is now stretching all the way to its next-door neighbour Suriname where the government...
News

Eco Atlantic acquires stake in JHI ahead of Jabillo well results

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. announced on Monday that it has closed a transaction with JHI Associates Inc. (JHI), a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10%...
News

12-inch pipeline will have capacity to deliver up to 130 million cubic feet of gas per day

OilNOW -
Authorities in Guyana are looking to ensure the infrastructure that is being built in partnership with ExxonMobil to deliver gas from the offshore Liza field can facilitate increased power generation as economic activity picks up and industry expands. The Gas-to-Energy...
News

Gas-to-Energy project to create over 700 jobs

OilNOW -
The gas-to-energy project, a partnership between the Guyana government and ExxonMobil Guyana, is estimated to create about 775 jobs. About 700 of these aggregate to the construction phase, while the remaining 75 are for the other aspects of the...
News

Guyana and Ghana Presidents discuss oil & gas, other issues

OilNOW -
President of Guyana, Dr. Mohamed Irfaan Ali recently held talks via telephone with the President of Ghana, Nana Addo Dankwa Akufo-Addo which saw both committing to advancing and deepening the agenda for cooperation between the two countries, including in...
Exploration

All eyes on upcoming OPEC+ meeting as Brent hovers above $76

OilNOW -
Close attention is being paid to the upcoming July 1 OPEC+ meeting at which the alliance is expected to pronounce on its production plan for August and likely beyond. Crude production is currently being held at 6.2 million bpd...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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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