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New law will prohibit Guyana gov’t officials, family members from owning petroleum license

OilNOW -
The new draft Petroleum Activities Bill released this week by Guyana’s Ministry of Natural Resources contains stringent measures which seek to block government officials and their family members from owning a petroleum license. Under ‘Prohibition against holding a licence’ the...
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Pipeline installation underway for Guyana’s Gas-to-Energy project

OilNOW -
Pipelaying activities are ongoing near the West Bank of Guyana’s Demerara River to facilitate the Gas-to-Energy project.  A notice from Guyana’s Maritime Administration (MARAD) noted that the DB Rewa vessel has joined operations and is scheduled to conclude activities on...
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Shallow water potential offshore Suriname revealed with 3D seismic survey data

OilNOW -
A recent 3D seismic survey on Suriname’s offshore acreage has revealed the Dutch-speaking nation’s shallow water exploration potential. This is according to CGG - a geotechnical data service provider that completed the five-phase seismic survey alongside CGS and BPC.  “CGG’s...
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Saipem Guyana seeks local companies for ground transportation services as operations escalate in Stabroek Block

OilNOW -
Guyanese companies in strict compliance with the country’s local content law are invited to submit expressions of interest (EOIs) for ground transportation services for Saipem Guyana, one of ExxonMobil’s leading Stabroek Block contractors.  Saipem in a public EOI request stated...
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New oil law to establish framework for Gas-to-Energy pipeline, plants

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With preliminary work for Guyana’s Gas-to-Energy project underway, the new proposed Petroleum Activities Bill includes a framework for the permitting of pipelines and plants to transport and treat petroleum. This has implications for investment decisions by ExxonMobil and partners...
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Local caterers now have up to July 4 to submit RFI’s to Noble Drilling

OilNOW -
Noble Drilling, one of ExxonMobil’s prime contractors, has extended the deadline for firms to submit technical information for the provision of offshore catering, housekeeping, laundry, janitorial and pest control services. The deadline is now July 4.  Noble said the scope of...
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Subsea 7 seeking logistics firms as pipelaying for Gas-to-Energy begins

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Subsea 7, one of the two companies hired for pipelaying service for Guyana’s Gas-to-Energy project is on the hunt for local logistics firms, according to a public Expression of Interest (EOI). Subsea 7 was hired alongside Dutch contractor Van Oord...
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Total-Exxon deal to develop Guyana-Suriname gas resources a real possibility

OilNOW -
It may be a far way off, but the Guyana government is setting the stage for the development of gas resources with Suriname, if the companies decide to go that way.  The latest development, in this regard, is a proposed...
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SBM Offshore’s new build FPSO receives $1.615 billion project financing for Mero Field in Brazil

OilNOW -
SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...
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Guyana moves to expand oil regulation with new proposed law

OilNOW -
Guyana’s Ministry of Natural Resources has announced the release of a draft Petroleum Activities Bill for public consultation, proposing a major overhaul of its oil and gas regulatory framework. The bill aims to replace the outdated Petroleum (Exploration and...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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