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BW Energy moves forward with acquisition of FPSO Cidade de Vitória in Brazil

OilNOW -
Oslo-based BW Energy is set to proceed with its acquisition of the FPSO Cidade de Vitória, located on the Golfinho field in Brazil, following an agreement reached with the vessel's Italian owner, Saipem. This development comes more than a...
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Ambassador Lynch stresses due diligence for US companies entering Guyana market

OilNOW -
United States Ambassador to Guyana, Sarah Ann-Lynch, highlighted the need for careful consideration and research when US companies enter the local market during a radio interview on August 29.  Her remarks were prompted by questions regarding a July 14 Reuters...
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Who will win Guyana’s coveted oil blocks?

OilNOW -
With less than two weeks left for companies to participate, anticipation remains high on the outcome of Guyana's first bid round. At stake is a potential 25 billion barrels of oil equivalent up for grabs. It is clear that...
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Shell’s Timi Platform powers Malaysia’s green energy revolution with solar, wind

OilNOW -
Sarawak Shell Berhad (SSB), a subsidiary of global energy giant Shell plc, announced the commencement of gas production at the Timi platform in Malaysia. Under the SK318 production sharing contract (PSC), Timi represents a groundbreaking endeavour, combining cutting-edge technology...
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There is no fair energy transition without engagement of oil industry – Petrobras CEO

OilNOW -
In a recent address at the CEO Oil and Gas Governors Meeting in Geneva, head of Petrobras, Jean-Paul Prates emphasized the critical role of the oil and gas industry in global energy transition efforts.  Prates argued that while the importance...
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ExxonMobil, partners have not recovered their Stabroek Block investments as yet

OilNOW -
Oil revenues generated by ExxonMobil and partners from the Stabroek Block have not yet matched the major investments they have made into exploring for crude and developing those fields. The companies have sanctioned more than US$40 billion in projects...
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Tardy payments will cost oil companies more, under new law

OilNOW -
Guyana's new Petroleum Activities Act, which was signed into law by President Dr. Mohamed Irfaan Ali, includes stringent provisions targeting companies that delay payments under their petroleum agreements with the government. Timely payments, encompassing royalties, training funds, and contributions...
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MATPAL engineering & deck cadets score full scholarships, one-off grants from American Caribbean Maritime Foundation

OilNOW -
Guyana's MATPAL Marine Institute Inc. is celebrating a significant milestone in maritime education and training as the American Caribbean Maritime Foundation (ACMF) extends its support to a new cohort of students. Over the past two years, MATPAL said ACMF's...
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Trinidad’s Dragon gas hopes tied to Venezuela’s elections choices 

OilNOW -
The eagerly anticipated Dragon Gas Deal, a landmark agreement between Trinidad and Tobago and Venezuela, is facing an uncertain future due to the lingering impact of US sanctions. The accord revolves around the development of the Dragon Gas Field,...
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Guyana’s green lungs to breathe easy despite Exxon’s offshore emissions

Kemol King -
In a recent Environmental Impact Assessment (EIA) for ExxonMobil's sixth Stabroek Block development, known as Whiptail, a comprehensive breakdown of the greenhouse gas (GHG) emissions expected from its operations was provided. The findings suggest that, even at peak emissions,...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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