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EPA says all projects subject to ‘comprehensive screening process’

OilNOW -
Guyana’s Environmental Protection Agency (EPA) says it routinely assesses all projects submitted for approval to determine their impacts on the environment and human health. This entails a comprehensive screening process which includes evaluation of the information submitted, site inspection...
News

TechnipFMC secures major subsea contract for Brazil field developments

OilNOW -
TechnipFMC has been awarded a major subsea contract from Petrobras for the Marlim and Voador fields, located offshore Brazil. TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes...
News

World’s biggest oil trader expects demand to come roaring back this year

OilNOW -
(Bloomberg) -- The head of Vitol Group, the world’s biggest independent oil trader, expects crude demand to come roaring back this year and next as the world emerges from the pandemic. Demand for crude will increase by 7 million to...
Exploration

Maersk Drilling bags four-well contract for Brazil campaign

OilNOW -
Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. The contract is expected to commence in the first...
News

Close to US$160M a year will be saved in power cost from gas pipeline – Guyana’s VP

OilNOW -
The benefits and implications of landing a gas pipeline onshore from the Liza Phase 1 Development continue to engage the public’s attention in Guyana with the government projecting massive savings from a reduction in the cost of power, while...
News

Venezuela oil field shuts down for maintenance, over 300 wells targeted

OilNOW -
Venezuela's state-owned PDVSA has started a maintenance shutdown of its Petropiar oil field located in the Ayacucho block in the Orinoco Belt, according to a technical report reviewed by S&P Global Platts. "It's being stopped in a programmed manner: 338...
News

Royston wraps up overhaul work on Stena DrillMAX, Guyana operations continue

OilNOW -
Marine engineering and propulsion specialist Royston has completed engine overhaul work onboard one of the world’s most advanced drill ships as part of a logistical solution provided to the vessel’s owners and operators, Stena Drilling. Work on the 228m length...
News

Oil hits $68 on Libya force majeure

OilNOW -
(Reuters) Oil rose to $68 a barrel and hit its highest in a month on Tuesday, supported by a disruption to Libyan exports and expectations of a drop in U.S. crude inventories, although rising coronavirus cases in Asia limited...
News

Stuart Young is new T&T Energy Minister

OilNOW -
Trinidad and Tobago’s (T&T) Prime Minister Dr. Keith Rowley on Monday reassigned Stuart Young as Minister of Energy and Energy Industries. According to a report in the Trinidad Express, Young’s appointment is in addition to his duties as Minister...
News

ExxonMobil, other oil giants moving to commercialize carbon capture

OilNOW -
Oil companies have for decades made money by extracting carbon from the ground, but now they are trying to make money putting it back. Energy giants such as ExxonMobil Corp. and Royal Dutch Shell are pushing carbon capture and storage—where...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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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