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Tullow Oil hires Worley Parsons, Wood for Kenya contract

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Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia’s Worley Parsons, a Kenyan petroleum ministry official told Reuters on May 29. Kenya this month moved a step closer to full production...
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Low-cost power could entice large manufacturers back on grid

OilNOW -
As discussions continue in Guyana on the prospect of piping liquefied natural gas to shore, a public official with oversight of the electricity sector believes the availability of low-cost power will serve to entice a number of large manufacturers...
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Return to $100 oil is ‘far from unlikely,’ Norway minister says

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(Bloomberg) Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back. Now Norway’s changed its tune. “It’s far from unlikely that we will see $100 again,” Petroleum and Energy Minister Terje Soviknes said...
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Guyana oil production will exceed 600,000 bpd over next decade raking in billions per year in profit – Norway-based analyst

OilNOW -
Rystad Energy - an independent research and business intelligence company based in Norway - predicts that oil production in Guyana will exceed 600,000 barrels per day over the next decade, raking in billions of dollars in profit per year...
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Local content expert says policy must capture capabilities of Guyanese workforce

OilNOW -
Rene Roger Tissot, an energy and development economist specializing in local content policies and strategies says Guyana should have a plan in place to develop the capabilities of its people before commercial oil production comes on stream. One way...
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Guyana discoveries help give China foothold in region but big spending remains tempered

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China National Offshore Oil Corporation (CNOOC) is a minority partner in ExxonMobil's major oil discoveries in Guyana and the company has nabbed licenses in Mexico's deep waters, giving China a foothold in the region's two most exciting frontiers. While...
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TOTALTEC graduates urged to be uncompromising with safety

OilNOW -
TOTALTEC Oilfield Services Guyana Inc. on Monday held a graduation ceremony for its first batch of oilfield operators who are now equipped with world class capacity to work in the oil and gas industry. The TOTALTEC Academy Oilfield Safety &...
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Regulators should be politically and financially independent says head of Mexico’s ASEA

OilNOW -
Executive Director of Mexico’s National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector, Carlos De Regules Ruiz Funes says Guyana has the unique ability of “getting it right from the start” but key to this is...
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Guyana must strengthen legislative framework to fight corruption – Political Risk Analyst

OilNOW -
It is of critical importance that with just two years away from ‘first oil’ the Government of Guyana focuses on strengthening its legislative framework so that it can effectively fight corruption. This is the advice being shared by Thiago de...
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BP continues to build on success of 2017

OilNOW -
(Forbes) At last week’s AGM held at Manchester Central Convention Complex, Bob Dudley, BP group chief executive took the opportunity to extol the company’s progress this year. The highlight was the start of seven major projects on time and...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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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