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Halliburton to construct Sperry Drilling Lab at Guyana base

OilNOW -
Halliburton has invited Expressions of Interest (EOIs) for design and construction services for Sperry Drilling services at its Eccles, East Bank Demerara base. The oilfield services provider says Sperry Drilling delivers superior performance to reduce time to first oil, enhance...
Exploration

Norwegian company confirms ‘largest discovery on the shelf’ for 2022

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Norway-based Vår Energi ASA has confirmed a discovery of gas in the Vår Energi operated 7122/9-1 T2 (Lupa) well in the Goliat area, Barents Sea. The company said on Friday that preliminary estimates of the size of the discovery are...
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Guyana has raked in over US$1.1 billion in oil revenue so far this year

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As of November 30, Guyana received US$1.17 billion from oil sales and royalties so far this year, according to reports from the Central Bank. The sale of 10 lifts in the period, representing Guyana’s share of profit oil, returned US$1.015...
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Egyptian firm among three vying to review upcoming Stabroek Block FDP

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Stratoil, an Egypt-based oilfield services company was among three that entered bids to evaluate the field development plan (FDP) for ExxonMobil’s fifth Stabroek Block project – Uaru. Bayphase Ltd. and De Godhyer & Mac Naughton were the other two. Bayphase had...
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Petrobras hits first oil at Itapu field offshore Rio

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Brazil’s Petrobras has started production on its newest vessel – the P-71 at the Itapu field, located in the Santos Basin pre-salt area. Petrobras said that the floating production, storage and offloading (FPSO) vessel, docked 200 kilometres off the coast...
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Guyana Appeals Court rejects another challenge to Hess, CNOOC Liza permit

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The Guyana Court of Appeal has ruled that Hess and CNOOC, the non-operating partners in the Stabroek Block, do not need separate environmental permits for the Liza Phase One project. The court on Wednesday found that the licence obtained by...
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Guyana, Suriname bid rounds to fuel new competitive oil market – S&P Global

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S&P Global believes bid rounds in Guyana and Suriname will attract further investments that are needed to drive the development of a competitive global oil environment. Given the trail of economic damage left by the COVID-19 pandemic and the Russia-Ukraine...
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Early investments by Exxon pushing development of local capacity in Guyana – Routledge

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President of ExxonMobil Guyana, Alistair Routledge, believes that early capacity building investments are paying dividends as seen in the growth of local content numbers in the local oil and gas industry. The company said on Wednesday that more than...
News

Repsol acquires European renewables company for €560 million

OilNOW -
Operator of the Kanuku block, Repsol, said it spent €560 million to acquire Asterion Energies, a Spanish company focused on renewable energy projects in Europe. The transaction, which includes contingent payments of up to €20 million, goes toward fulfilling Repsol’s plan to reach...
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Guyana Rides the Tide of Foreign Investment

OilNOW -
By Scott B. MacDonald - OilNOW Foreign direct investment (FDI) in the Caribbean has seen some lean years and some bountiful years. 2020 was a brutal year due to the Covid-19 pandemic; 2021 was much better, with FDI bouncing back...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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