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SLB Guyana looking for firms to audit financial statements

OilNOW -
SLB, previously known as Schlumberger, has recently issued a Request for Information (RFI) as it embarks on the search for firms capable of providing auditing services for its affiliate in Guyana. The oilfield services company has outlined the specific...
Discoveries

TotalEnergies discovers oil and gas in OML 102 offshore Nigeria

OilNOW -
TotalEnergies announced the Ntokon oil and gas discovery on OML102 offshore Nigeria, on Tuesday, June 13. Located in shallow waters, 60 kilometres (km) off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 metres of net oil pay...
News

Touchstone Exploration wins Cipero onshore block in TT’s bid round, plans extensive geological studies

OilNOW -
In a significant development, Touchstone Exploration, a leading energy company, emerged victorious in the highly competitive bid round for the coveted Cipero onshore block in Trinidad and Tobago. The company's wholly-owned subsidiary, Primera Oil and Gas Limited (Primera), was...
Discoveries

CGX encounters 71 feet of net oil pay at Wei-1 well

OilNOW -
No word on commerciality Drilling costs revised upward again After completing the drilling of the Wei-1 well offshore Guyana, CGX Energy Inc. on Tuesday announced a discovery of 71 feet of net oil pay. The CGX exploration campaigns in recent years...
News

ExxonMobil’s Tilapia-1 discovery emerges as Stabroek Block’s largest find

OilNOW -
Since 2015, ExxonMobil has made over 35 discoveries at the prolific Stabroek Block offshore Guyana with the Tilapia-1 find encountering the largest high-quality oil-bearing sandstone reservoir – bigger than the world-class Liza-1 - which put the South American country...
News

Three international insurance companies backing policy for Stabroek Block

OilNOW -
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has renewed its US$600 million per occurrence insurance policy for the Stabroek Block for the period 2023 - 2024. This was confirmed recently by Counsel for EEPGL, Edward Luckhoo SC. Luckhoo...
News

Gov’t will closely monitor costs from Exxon’s US$40B Guyana projects – VP Jagdeo

OilNOW -
With over US$40 billion in sanctioned projects for the Stabroek Block, Guyana’s Vice President, Dr. Bharrat Jagdeo has assured that the pace of approval for these investments is not outstripping the country’s monitoring capabilities, nor is it overheating the...
News

Day rates for floating rigs went up 40% in past year – WoodMac

OilNOW -
The deepwater drilling sector is experiencing a remarkable resurgence, with floating rig utilisation reaching an impressive 90% in 2023. According to a recent report from Wood Mackenzie titled "Are we at the tipping point of the deepwater rig market?"...
News

All eyes on Suriname as major energy conference returns next week

OilNOW -
The upcoming 3rd Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) scheduled for June 19 to 22, 2023 in Paramaribo, Suriname, is generating significant attention and participation from both regional and global players. Regional ministers from Trinidad and...
News

Reckless oil sector narratives could harm negotiations with external groups – Jagdeo

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo says reckless statements and distorted facts about the oil and gas sector not only place the country at risk of being a global laughingstock but could even harm negotiations with external groups. His position...
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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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