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Brazil set to be major contributor to non-OPEC oil production in 2020s

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Brazil’s oil production has seemingly found its groove, with Rystad Energy expecting the country to be a sizable contributor to non-OPEC, non-US growth throughout the 2020s. Rystad Energy said seven new FPSO projects have come under the spotlight, beginning at...
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Siemens expects oil, gas revenues in Brazil to double in 2020 from 2018

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(Reuters) - Germany’s Siemens expects revenue from its oil and gas division in Brazil in 2020 to double compared to 2018 levels, an executive said on Thursday, citing upcoming oil auctions that could total around $26 billion. The company does...
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Orinduik partners reviewing drilling strategy, budget plan for 2020 campaign

OilNOW -
Eco Atlantic, together with its JV Partners on the Orinduik Block, Tullow Guyana B.V. (Operator, 60% Working Interest) and Total E&P Guyana B.V. (25% WI) are currently reviewing a post discovery drilling strategy and supplemental budget, for which Eco...
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China’s CNOOC third-quarter capital spending surges 28%

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CNOOC Ltd, the listed arm of China’s largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing’s push to boost oil and gas exploration and production. Reuters reported that...
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‘One Basin Three Countries’ seminar opens in Suriname

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As Guyana prepares for oil production in a matter of months, focus is continuing to be placed on the attractive Guyana-Suriname Basin, with the convening of the One Basin Three Countries Energy Conference for the Guianas which gets underway...
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10-year plan is needed to ensure development from oil

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With oil production slated to begin within months, Guyana’s former Minister of Natural Resources and the Environment, Robert Persaud, says there is need for a ten-year cohesive, comprehensive plan to efficiently utilise the new-found wealth for the nation of...
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New Zealand company wins contract for upgrade of Guyana’s taxation system as first oil nears

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New Zealand technology company DataTorque has won a contract to improve revenue mobilisation and tax administration for the Guyana Revenue Authority (GRA) following a competitive tendering process. GRA’s Head of Information Technology (IT), Sese Jones, told OilNOW on Tuesday the...
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Canada’s oil and gas sector wary of left-leaning parties in minority gov’t

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(Reuters) - Canada’s energy industry saw its worst-case election result materialize on Monday as the Liberals failed to secure a majority government, leaving them in need of support from left-leaning parties that are opposed to new oil pipelines. Liberal Prime...
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Kyanite Investment looking to acquire interest in Keppel Corporation

OilNOW -
Kyanite Investment Holdings Pte. Ltd. (KIH Pte Ltd.) has signaled its intent to make a partial offer to acquire 30.55% of shares in Keppel Corporation Limited at S$7.35 per share in cash. If the share purchase bid is a...
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Trinidad investors welcomed in Guyana if entering through front door – Chamber President

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President of the Georgetown Chamber of Commerce and Industry (GCCI) Nicholas Deygoo-Boyer believes that Guyanese businesses are at a disadvantage when compared to their Trinidadian counterparts due to their access to more capital and their lower hurdles to clear. But...
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PPP/C outlines Energy Priorities: Gas-to-Energy, Local Content, post-oil planning

Maintaining Guyana’s “favorable” fiscal regime with no increase in royalties and bringing the Gas-to-Energy project online are among 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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