Monday, July 4, 2022

News

Saipem awarded US$1.2B in Middle East contracts

Saipem says it was awarded several contracts for operations in the Middle East, totaling some US$1.25 billion. It did not name the clients. The first group of contracts concerns extending onshore drilling contracts in the Middle East. They are worth...

Suriname has ‘proud track record’ honouring contracts – oil Minister

Minister of Natural Resources for Suriname, David Abiamofo, said the nation is extremely proud of its track record in honouring contracts, including production sharing contracts. He made the comment during an interview with energy analyst from Americas Market Intelligence Arthur...

Payara development work progressing, will push output above 580,000 bpd

Preparations are underway for ExxonMobil’s third oil production project offshore Guyana at the Payara field. The Maritime Administration Department said in a notice the developmental area is situated approximately 102.27nautical miles (189.4 kilometers) from the Coast of Guyana and covers...

Touchstone to deliver Trinidad’s first onshore natural gas project in 20 years

The Alberta-based Touchstone Exploration Inc. is preparing to launch Trinidad and Tobago’s first onshore natural gas project in 20 years, it said on Monday. The project emanates from the Ortoire onshore block. Touchstone has 80% operating working interest, with Heritage...

Oil exports from US Gulf to hit record high this quarter – Rystad Energy

Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, as refining capacity outages limit operators’ ability to meet demand and the...

Eco Atlantic ups interest in Africa’s newest exploration hotspot

Eco (Atlantic) Oil & Gas Ltd. signed a farm-out agreement with the Lunn Family Trust to acquire an additional 6.25% stake in Block 3B/4B offshore South Africa. Lunn Family Trust is a shareholder of Ricocure (Proprietary) Limited. Subject to regulatory approvals,...

Gov’t warns Ramps it must submit documents that are not misleading

One day after it held a media conference demanding answers, Ramps was told by the Guyana Local Content Secretariat that the onus is on it, as an applicant, to submit documents that are not false or misleading. Ramps had applied...

With big offshore finds, Santokhi invites major influx of investors at Energy Summit

Paramaribo, Suriname - A brand-new chapter dawns for Suriname, quickly becoming one of the hottest new oil exploration destinations on the globe. And its President, Chandrikapersad Santokhi has opened the floodgates, inviting investors from all and sundry to help develop...

Ramps may have made misleading submissions in breach of Local Content Act, could be fined GY$10M – source

Ramps Logistics may have made misleading submissions in its application to be on Guyana’s Local Content Register, among several breaches of Guyana’s Local Content Act, OilNOW understands. The company has opened itself to a fine of GY$10 million, because of...

Norway-based E&P acquires Saipem’s US$73M FPSO to develop assets offshore Brazil

Shortly after snatching up two major deepwater blocks offshore Brazil, Norway-based BW Energy inked a deal with Saipem to acquire the Cidade de Vitoria oil vessel to develop the Golfinho cluster. According to BW, the deal amounts to US$73 million;...

Latest News

Guyana seeking Gas-to-Energy project manager

Guyana’s Ministry of Natural Resources has issued a request for proposals (RFP) for consultancy services related to the historic...