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Ghana’s tech expertise meets Guyanese roots for oil oversight

OilNOW -
A Ghanaian technology firm known for its expertise in the oil and gas sector has teamed up with a Guyanese/Canadian company to offer offshore monitoring services for the South-American nation’s growing energy industry.  West Coast Gas Ghana, a multinational company...
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86 subsea tree awards anticipated in H2 2023, H1 closes with 196 – Westwood

OilNOW -
The first half of 2023 closed with 196 subsea tree awards, according to new data by Westwood Global Energy Group, released on August 14. The industry's gaze now turns to the remaining months of 2023, when the anticipation of...
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CGX may drill more wells at Corentyne Block after Wei-1

Shikema Dey -
Additional prospects in Guyana’s Corentyne Block could be tapped but this hinges on results obtained by operator CGX Energy from its Wei-1 appraisal, the company said on August 14.  Frontera Energy is the other partner in the Corentyne Block.  Frontera eats...
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Historic reunion with Exxon in Guyana fuels MODEC’s US$7.85 billion H1 orders

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MODEC recently celebrated its order from ExxonMobil to provide the Errea Wittu floating production, storage, and offloading (FPSO) vessel for the Uaru project located offshore Guyana. This order has been noteworthy for the company as it marks its first...
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Frontera Energy reports strong Q2 2023 results with net income of CA$80.2 million

OilNOW -
Frontera Energy has announced financial results for the second quarter of 2023, showcasing a substantial net income of CA$80.2 million or CA$0.94 per share. This marks a significant upswing from the previous quarter's net loss of CAD$11.3 million or...
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Guyana considering special committee to address labour shortage

OilNOW -
Guyana, in its rapid march towards development, is facing a concerning shortage of skilled, semi-skilled, and unskilled labour. To combat this issue, the government is pondering the creation of a National Labour Committee, working under the umbrella of the...
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Jan De Nul’s Galileo Galilei departs as largest dredger to ever traverse Demerara River

OilNOW -
M.V Galileo Galilei, the largest dredger ever to sail the Demerara River, has now made its exit from Guyana. This marvel, owned and operated by the Jan De Nul Group, leaves behind a testament to its efficacy – a...
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Guyana government agreed to unitise Exxon’s Liza, Payara fields

OilNOW -
Guyana’s Minister of Natural Resources has revealed that the government agreed to let Exxon unitise the Liza and Payara fields, a step to allow a floating production, storage and offloading (FPSO) vessel from one field to tap oil from...
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Guyana, Brazilian crude set to be in head-to-head competition says S&P Global analyst

OilNOW -
S&P Global Commodity Insights’ oil pricing and news expert Patrick Harrington sees Guyana and Brazil’s crude going toe-to-toe when Guyana’s production hikes.  “...as Guyana’s production ramps up, Guyana and Brazilian crude will be in real head-to-head competition,” Harrington shared in...
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Petrobras mulling 10% surge in investment for five-year strategy

OilNOW -
Brazil's state-run oil company Petrobras is considering the possibility of boosting its investments in the upcoming five-year business plan by as much as 10%, according to statements made by Chief Financial Officer, Sergio Caetano Leite. If approved, this adjustment...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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