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Wide-ranging services, supplies being sought for construction of ExxonMobil Guyana HQ

OilNOW -
NABI/KCL Oilfield Construction Services Guyana, a joint venture of NABI Construction Inc., Guyana and Kee-Chanona Limited of Trinidad, are seeking wide-ranging services for the construction of ExxonMobil Guyana’s new headquarters at Ogle, East Bank Demerara. The joint venture company has...
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Rystad ranks Tilapia among top 3 discoveries for Q1 2019

OilNOW -
Norway-based Rystad Energy ranks the Tilapia discovery made by US oil major ExxonMobil off the Guyana coast in February as the third biggest conventional find for the first quarter of 2019. Cyprus’ Glaucus and South Africa’s Brulpadda were ranked...
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TechnipFMC secures subsea contract for Lapa Pre-Salt Field in Brazil

OilNOW -
UK-based TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a contract for the Lapa field by Total E&P do Brasil Ltda on behalf of the Lapa Field Consortium, comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil...
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Pluspetrol farms into Suriname

OilNOW -
Buenos Aires-based Pluspetrol has taken further action to increase its holdings in Suriname. According to Suriname's state oil company Staatsolie, Tullow Oil has transferred a part of its interest in the production sharing contract (PSC) for offshore block 62 to...
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Venezuela pledges to honor oil commitments to Cuba despite sanctions

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(Reuters) - Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from the South American country to its ideological ally, Foreign Minister Jorge Arreaza said on Monday. Washington on Friday imposed sanctions on 34 vessels...
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‘Total culture shift’ needed if Guyanese are to fully benefit from O&G – Dr. Bynoe

OilNOW -
Speaking to a capacity audience on Friday evening at the Revealed Word Christian Centre in Kitty, Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe told those gathered that winning a contract is not the only way...
News

Stabroek 3D/4D survey expanded as Exxon set to begin baseline study at Kaieteur

OilNOW -
A 3D/4D seismic survey currently being conducted in the southeastern portion of the Stabroek Block has been expanded to include the Payara area. The survey, which covers an area of around 1,260 square kilometers, is expected to continue until...
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US to sanction 34 vessels transporting oil from Venezuela to Cuba

OilNOW -
US sanctions will hit 34 vessels owned or operated by Venezuela state oil company PDVSA and two companies which are transporting crude to Cuba. This is according to Vice President Mike Pence who said on Friday "Venezuela's oil belongs to...
News

Oil prices could average $62 by the time Guyana begins production

OilNOW -
Fitch Ratings, one of the "big three credit rating agencies" in the US, sees oil prices averaging $65 per barrel towards the end of 2019 and into 2020, around the time the South American country of Guyana is expected...
Opinions

The push for a fast development agenda for the emerging Guyanese economy

OilNOW -
To understand why, in the case of most countries, stronger linkages with the rest of the economy have not emerged over time, it is necessary to look at how and at what speed the sector developed as well as...
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Petronas adds Roystonea-2 to Suriname exploration campaign

PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie...

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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