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News

Shell restarts North Sea operations with big focus on gas production

OilNOW -
Shell U.K. Ltd., a subsidiary of Shell plc, has completed the restart of operations at the Pierce field in the UK Central North Sea, following a significant upgrade to allow gas to be produced after years of the field...
News

SLB gets fresh impact study waiver from EPA for Guyana facility

OilNOW -
Schlumberger, now SLB, has been granted a fresh exemption from the requirement to conduct an Environmental Impact Assessment (EIA) for its source storage and calibration facility in Guyana, located at Houston, East Bank Demerara.  The first was quashed by the...
News

Guyanese marine player acquires majority stake in Bourbon joint venture 

OilNOW -
French offshore vessel player Bourbon said on Monday that Guyanese company Tethys Marine & Logistics, is now a 51% shareholder of the Bourbon Guyana Joint Venture. It said Guyanese now represent 75% of its directorship. A Guyanese company is defined...
News

Noble forging ahead with plans to increase local capacity in South America’s hottest basin 

OilNOW -
Building Guyana’s local capacity remains paramount to Noble Corporation, the driller with the most rigs in the ExxonMobil-operated Stabroek Block.  Noble said its four-year Local Content Master Plan draws on set targets to use locals where applicable and invest in...
Exploration

Total getting Block 58 “volumes right” before FID, likely in 2024 – Staatsolie asset manager

OilNOW -
Exploration and non-operated venture asset manager at Suriname’s state-owned Staatsolie, Patrick Brunings is confident of a final investment decision for Block 58 next year.  Brunings told Hart Energy that operator TotalEnergies and APA Corporation are quantifying the finds it has...
News

Petrobras sale goes through despite Lula’s freeze on asset dumping 

OilNOW -
Petrobras is still dumping assets, despite the directive from the Lula-led administration.  The state-owned company announced the closure of the Norte de Capixaba deal with Seacrest Petroleo, an independent that was recently listed on the Euronext stock exchange.  The company appears...
News

Incentivised bids can increase investor chances of winning blocks in Guyana licensing round – Deakin 

OilNOW -
Americas Market Intelligence (AMI) co-director and analyst Arthur Deakin believes that oil majors looking to grab up prime blocks in Guyana’s first-ever licensing round may need to include a few attractive incentives to increase their chances of being selected.  Compared...
News

Keppel hires GE Power to supply electric modules for Brazil-bound FPSOs

OilNOW -
Singapore-based Keppel Shipyard has selected GE Power Conversion to design, supply and deliver two electrical modules for Petrobras’ floating production, storage and offloading vessels (FPSO) that will operate in Brazil. The FPSO vessels, coded P-80 and P-83, will be used...
News

Work begins on Trinidad’s 112MW solar project 

OilNOW -
Trinidad and Tobago took a major step towards achieving its clean energy goals as work officially began on the country's first utility-scale solar project. The sod-turning ceremony at Brechin Castle marked the beginning of the construction of the 112MWac...
News

No decision yet on oil refinery for world’s fastest growing economy

OilNOW -
The Guyana government has not made a decision yet on whether or not to pursue the construction of an oil refinery in the country, according to comments made by Vice President Dr. Bharrat Jagdeo. Dr. Jagdeo stated during a media...
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Latest News

NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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