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Heritage Petroleum commissions offshore oil well S-938

OilNOW -
Heritage Petroleum Company Limited has unveiled its latest offshore oil well, S-938. Situated within the Soldado East Field, the said S-938 well is poised to make a substantial contribution to the company’s revenue with an expected average daily rate of...
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‘Guyana is beholden to no state or private entity’, Ali says in rejection of Venezuela claims

OilNOW -
Guyana's President, Dr. Irfaan Ali is rebuffing unfounded statements from the Venezuela government about Guyana’s oil sector, the government’s relationship with ExxonMobil and purported actions by the United States Southern Command.   Venezuela has said that Guyana is controlled by...
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Namibia urged to emulate Guyana’s investor-friendly posture

OilNOW -
The Executive Chairman of the African Energy Chamber, NJ Ayuk, highlighted the significant potential of the Orange Basin, suggesting it could hold up to three billion barrels of oil and 5.5 trillion cubic feet of natural gas. However, Ayuk...
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Trinidad’s largest natural gas producer to divest three fields

OilNOW -
BP is expected to close a deal to sell some Trinidad and Tobago upstream assets to Perenco, Reuters learned from people familiar with the talks.  The divestment of the Amherstia, Cashima and Immortelle fields would reduce BP’s Trinidad gas output...
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PGS secures major 3D seismic contract offshore South Atlantic margin

OilNOW -
Marine seismic data company PGS has been awarded a contract for a large 3D project offshore the South Atlantic margin by a multiclient company.  The contract falls within PGS' criteria for announcing contract awards of over US$10 million, but its...
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Venezuela submits counter-memorial to ICJ in Essequibo case

OilNOW -
Venezuela has made a submission to the International Court of Justice (ICJ) in its border case with Guyana. The submission is its counter-memorial on the merits of the case concerning the Arbitral Award of 3 October 1899 (Guyana v....
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‘We’re not going to let our guards down’ on Venezuela – says Guyana VP

OilNOW -
Guyana remains steadfast in its vigilance as Venezuela persists in its aggressive stance, asserting claims to two-thirds of Guyanese territory, particularly the Essequibo region, following a recent referendum. Bharrat Jagdeo, Vice President, reiterated this commitment during a press conference...
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Blue Water to handle transport of topsides for Angola-bound FPSO

OilNOW -
Blue Water said it has successfully secured a substantial logistics contract with Yinson Production (YP), an independent owner and operator of floating production, storage and offloading vessels (FPSO) worldwide. Blue Water's Floating Productions Systems (FPS) project team will oversee...
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Shell projects US$1.9 billion EBITDA for Q1 2024

OilNOW -
Shell has released projections for its first-quarter 2024, indicating an expected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$1.9 billion. The figures, however, are subject to change pending finalization and are set to be officially disclosed...
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Guyana’s shore base capacity: Eight projects approved over four years 

Shikema Dey -
Growing offshore activity has seen Guyana’s shore base capacity expand considerably since 2020. The Ministry of Public Works told OilNOW approval was given for eight projects over this period.  Among the greenlit projects was the expansion works at the Guyana...
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‘We will hunt and kill them’: Hegseth announces strikes that killed 14, eight more than last week’s attack

U.S. War Secretary Pete Hegseth announced today via his X (formerly Twitter) page, that “at the direction of President...

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