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Business group bemoans shortage of US currency in world’s fastest growing economy

OilNOW -
The “lack of action” by the Bank of Guyana (BoG) in addressing the supposed shortage of United States (US) currency in the country has irked dissatisfaction from the Georgetown Chamber of Commerce and Industry (GCCI). In a statement on March...
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Prosperity FPSO is 8th by water depth in SBM Offshore’s ultra-deepwater fleet

OilNOW -
Guyana’s newest Stabroek Block floating production, storage and offloading (FPSO) vessel - the Prosperity - is ranked eight by water depth in SBM Offshore’s ultra-deepwater fleet. In fact, at 1,900 metres, it will be moored at the deepest parts of...
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Petrobras seeking to replicate Guyana’s exploration success offshore Brazil – Rystad energy

OilNOW -
Petrobras is looking to focus its exploration efforts on the potential of the equatorial margin later this decade, Rystad Energy said, with hopes to replicate the unprecedented success at Guyana’s Stabroek Block. The basins that Brazil’s state explorer is expected...
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Azule Energy awards US$7.8 billion in contracts for upstream Angola project

OilNOW -
Azule Energy said its wholly owned subsidiary Eni Angola SPA (Eni), and the partners in the Block 15/06, Sonangol P&P and SSI Fifteen Limited, have awarded the main contracts for the development of the Agogo Integrated West Hub (AIWH)...
Exploration

Total targets mid-year to confirm resources for development project offshore Suriname

Shikema Dey -
By mid-year 2023, Block 58 operator TotalEnergies SE expects to confirm the desired estimated resources to kickstart production offshore Suriname, Chairman and Chief Executive Officer (CEO) Patrick Pouyanné said. This could result in another delay of the long-awaited Final Investment...
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Trinidad commissions country’s first low exhaust tug

OilNOW -
The National Energy Corporation of Trinidad and Tobago commissioned the country’s first low exhaust tug on Tuesday, during a ceremony at Hyatt Regency in Port of Spain.  The new 60-ton bollard-pull tug, named National Energy Resilience, is International Maritime Organisation...
Exploration

No decision yet on next Orinduik Block well, but analysts expect Amatuk

OilNOW -
Eco Atlantic’s recent financial report indicates that the partners responsible for developing the Orinduik Block offshore Guyana, have not decided on their 2023 target. Eco Atlantic said they continue to work towards identifying the optimal drilling target at the Tullow...
News

Noble made US$586 million from contract drilling services in Q4 2022

OilNOW -
Noble Corporation said its revenue from contract drilling services for the fourth quarter of 2022 totaled US$586 million compared to US$289 million in the third quarter. It said the increase is primarily attributable to the business combination with Maersk...
News

Exxon survey at Guyana’s main ship channel covered by EIA

OilNOW -
ExxonMobil Guyana has commenced geotechnical and geophysical surveying operations in the vicinity of the Demerara  main ship channel and off the West Coast of Demerara in the vicinity of Plantation Best. ExxonMobil Guyana’s Media Advisor, Kwesi Isles explained, “The surveys,...
News

Multibeam Hydrographic Survey ongoing offshore Guyana

OilNOW -
Guyana’s Maritime Administration Department (MARAD) announced that a multibeam hydrographic survey is currently ongoing off the coast of Guyana. MARAD said the survey activities commenced on Feb. 23 and will last up to July 31. It will incorporate the use of...
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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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