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OSRL Signs MoU with Trendsetter, Halliburton for integrated subsea well-capping solutions

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Oil Spill Response Ltd (OSRL), Trendsetter Engineering and Halliburton today announced that they have signed a Memorandum of Understanding (MoU) for integrated subsea well-capping response solutions. With the MOU, the companies will create a strategic alliance for oil and...
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GOGA pushing for development of technical skills in oil & gas

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Developing technical skills among Guyanese for jobs in the oil and gas sector is being treated as a top priority by the Guyana Oil and Gas Association (GOGA). The entity is actively engaging a number of external partners which...
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CMHI and TechnipFMC in joint venture talks

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Chinese jack-up fabrication specialist China Merchant Heavy Industry (CMHI) and French offshore engineering giant TechnipFMC have started talks on forming a joint venture to focus on engineering, procurement and construction work for offshore modules. The two companies recently met in...
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Exxon awards contract extension for Maersk Viking drillship

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Maersk Drilling has been awarded a contract extension for the ultra-deepwater drillship Maersk Viking, by oil major Exxon Mobil. The estimated value of the contract extension is $22.5 million, with a duration of 150 days. Maersk Viking has been operating...
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Dutch Fugro willing to support training, education of Guyanese in oil & gas

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Dutch company, Fugro, says it is willing to participate in efforts to educate Guyanese on offshore exploration and production operations. Fugro is already providing specialized training to a number of persons employed at Ground Structures Engineering Consultants Inc.; a Guyanese...
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Shell begins deepwater production at newest FPSO in Brazil

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Royal Dutch Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announce Friday that deepwater production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos...
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UK Prof. to Guyanese worried about use of oil revenues: “You have the right to vote”

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As Guyanese continue to ask questions about how best they can ensure revenues collected from oil production is not misused, a visiting UK professor reminded over a hundred persons gathered at a forum last week, that they “have the...
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Venezuelan oil executive arrested in corruption probe

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(Reuters)Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and US major Chevron, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on 13 May and...
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Incentive for corruption exists regardless of oil price – Analyst

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Regardless of the market price for oil, revenues from production will always be significant. According to an analyst in the industry, the going price per barrel therefore has little direct impact on the extent of corruption. But a weak regulatory...
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Analyst says Guyana gov’t “sending right signals” but issue of transparency looms

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A political risk analyst in the oil and gas industry said today at an energy conference in California that while the Guyana Gov't is "sending right signals" and appears to be “pro-business” the critical issue of transparency in the South American...
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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...

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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