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Over 20 locations were examined for gas to power project and multiple studies conducted, government affirms

OilNOW -
Guyana’s Vice President and officials from the Gas to Power Generation Taskforce held a lengthy session with the media on Monday to explain the background and current plans related to the estimated US$900 million project aimed at landing a...
News

Brazil oil production falls 6% in first quarter

OilNOW -
(Reuters) - Oil production in Brazil fell 6% in the first quarter from a year earlier, according to National Petroleum Agency (ANP) figures seen by Reuters on Monday, led by a drop in output from state-run oil giant Petrobras. Brazil...
News

Gas pipeline to be funded from cost oil, project pegged at around US$900M – Task Force

OilNOW -
Head of Guyana’s Gas to Power Generation Taskforce, Winston Brassington, revealed on Monday that the current estimates for the project which is expected to deliver affordable power to the nation of just over 750,000 people should cost approximately US$900M. During...
News

Graduate Engineers eager to begin overseas training on massive Prosperity oil production vessel

OilNOW -
Dutch floater specialist SBM Offshore is forging ahead with expanding its local workforce in Guyana where it is currently operating one oil production vessel with two more under construction for developments offshore the South American country. The Liza Destiny Floating...
Exploration

Exploration drilling continues at Koebi-1

OilNOW -
The Stena Carron rig is resuming drilling operations at the Koebi-1 prospect in the prolific Stabroek Block offshore Guyana after an initial operation at the well site in March. The well is situated approximately 120.6 nautical miles (223.4 kilometers) from...
Exploration

Bahamas Petroleum looking to ramp up production in T&T, Suriname

OilNOW -
Bahamas Petroleum Company plc said Friday it will be embarking on a comprehensive program of activities that will see an increase in production and cashflow from operations in Trinidad and Tobago and Suriname. In a Notice of Extraordinary General Meeting and Circular,...
News

Oil falls more than 1% on fears India’s COVID-19 surge will curtail demand

OilNOW -
(Reuters) Oil prices fell more than 1% on Monday on fears that surging COVID-19 cases in India will dent fuel demand in the world's third-biggest oil importer and as investors adjusted positions ahead of a planned increase in OPEC+...
News

Total declares force majeure on Mozambique LNG project, withdraws personnel

OilNOW -
French multinational integrated oil and gas company Total said on Monday considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, it confirms the withdrawal of all Mozambique LNG project personnel from...
News

Reliance and bp start production at deepwater gas field in India

OilNOW -
Reliance Industries Limited (RIL) and bp on Monday announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India. RIL and bp have been developing three deep-water gas developments in...
Production

Guyana will become just the 11th nation in history to reach million barrel a day milestone – WoodMac

OilNOW -
Updated April 25, 2021 UK-based global energy consulting group Wood Mackenzie says Guyana is in a unique position as the world’s newest major oil producer. Other oil- and gas-dependent producers are contemplating the threat posed by the energy transition to...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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