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Eco Atlantic remains upbeat about stake in South America’s mega hotspot   

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. has reaffirmed its focus on Guyana, a key area for hydrocarbon exploration, where ExxonMobil has found more than 11 billion barrels of oil equivalent resources since 2015. In its unaudited results for the...
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U.S.  producing more oil now than at anytime in history

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The U.S. holds firm on its position as the world’s top producer of oil.  New data from the U.S. Energy Information Administration (EIA) Petroleum Supply Monthly shows that the country produced 13.4 million barrels of oil per day (MMb/d) in...
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Petrobras to bring 10 new offshore production systems online by 2029

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Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study. Petrobras...
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Trinidad commences 12-18 months of wind power assessment

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Trinidad and Tobago's Ministry of Energy and Energy Industries (MEEI) has announced the successful deployment of Light Detection and Ranging devices (LiDARs) at Orange Valley and Galeota. These devices will collect wind data to international standards over a 12–18-month...
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Fiscal terms in Guyana, Namibia, Angola ‘striking the right balance’ – WoodMac

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Global provider of data and analytics, Wood Mackenzie, said host governments, such as those in Guyana, Namibia, and Angola, have structured their petroleum fiscal regimes to strike the right balance between incentivizing investment and reflecting the risks faced by...
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Guyana gov’t to plug US$121 million more into Gas-to-Energy project

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The Guyana government approached the Parliament on November 25 for more money to continue the development of the Gas-to-Energy project, a landmark energy expansion endeavor.  Senior Minister in the Office of the President with responsibility for Finance and the Public...
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Potential challenges in any Guyana-India oil partnership – S&P Global 

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The recent talks between Guyana and India signal potential growth in their energy relationship, but significant challenges remain if a long-term oil deal is struck. Analysts told S&P Global that while India seeks reliable crude supplies to bolster energy...
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Exxon seeks market data for vessel providers in Guyana

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ExxonMobil Guyana Limited (EMGL) has launched a Request for Information (RFI) to identify qualified providers of Platform Support Vessels (PSVs), Fast Support Vessels (FSVs), and Tugs for operations in Guyana. This initiative aims to establish enabling agreements for short-term...
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Ministry of Labour conducts OSH inspection on Liza Unity FPSO

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Guyana’s Ministry of Labour's Occupational Safety and Health (OSH) Department conducted a detailed inspection aboard the Liza Unity floating, production storage and offloading vessel last week.  The exercise assessed compliance with Guyana's OSH Act 99:06, International Safety Standards, and National...
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Successful Suriname seabed survey by TDI-Brooks yields “potential” hydrocarbon discoveries

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TDI-Brooks has concluded a comprehensive multi-client multibeam and seabed piston coring program in Suriname for GeoPartners, acting on behalf of Staatsolie Maatschappij Suriname. The project involved seep data acquisition, processing, interpretation, and data management over a survey area of...
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Eco Atlantic remains upbeat about stake in South America’s mega hotspot   

Eco (Atlantic) Oil & Gas Ltd. has reaffirmed its focus on Guyana, a key area for hydrocarbon exploration, where...

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