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Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

OilNOW -
Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a contract by Petróleo Brasileiro (Petrobras) for the construction of the Floating Production Storage and Offloading...
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Norway vows to continue oil & gas production, even in green energy push

OilNOW -
(Reuters) Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the outgoing centre-right government said as it presented its long-term energy strategy on Friday. Europe's...
Opinions

Managing Guyana’s oil revenues requires objective discussions – Dr. Terrence Blackman

OilNOW -
By Terrence R. Blackman, Ph.D. – OilNOW In her essay, The Trouble with Tribes, Susan Fowler invites us to focus on the red dot in the center of the blue circle above. Within thirty (30) seconds, we experience the Troxler...
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Payment for 6th oil export pushes revenue past US$344 million

OilNOW -
The Guyana government announced on Friday that the payment for the country’s sixth oil lift was deposited into the Natural Resources Fund Account, pushing the total revenues received so far to over US$344 million. According to a statement from the...
News

Liza crude heading to China, Netherlands

OilNOW -
Most of the exports of Guyana’s Liza Crude were shipped to Asia, especially China, and the U.S. last year, data from Kpler shows. However, according to Platts, since late last year, more of the shipments went to Panama, although...
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Exxon faring better than peers with addition of big Guyana volumes

OilNOW -
Norway consultancy group Rystad Energy says new discovered volumes – a measurement of a company’s exploration performance – illustrates the daunting challenge faced by oil majors to maintain their reserves base and supply existing customers. The U.S oil major’s proven...
News

Bourbon Rhesos arrives in Guyana for deepwater operations

OilNOW -
France-based marine services provider, Bourbon Offshore, has mobilized yet another vessel for operations in South America’s newest oil producing nation. “After a safe and successful voyage from Las Palmas, the AHT Bourbon Rhesos has arrived alongside at Georgetown ready to...
News

Pressures around climate change, energy transition impacting big oil: WoodMac analysis

OilNOW -
Ed Crooks - Vice-Chair, Americas at Wood Mackenzie The events of 26 May 2021 look like a defining moment for the oil and gas industry. In the space of a few hours, three decisions crystallised trends that had been building...
News

Exxon’s 5th FPSO for Guyana could target development in area east of Liza complex

OilNOW -
ExxonMobil’s 5th development offshore Guyana could be targeting wells in an area east of the Liza complex where quality reservoirs have been confirmed, the oil major said on Wednesday. “The Mako-2 evaluation well confirmed the quality, thickness and areal extent...
News

Total selects Yinson for pre-FEED work on first Suriname FPSO

OilNOW -
Yinson has been selected by Total to perform preliminary Front-End Engineering Design (pre-FEED) for two FPSO projects; one to be installed in Block 58 in Suriname and the other at Block 20/21 in Angola. “The Angola project will be installed...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. 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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