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T&T Energy Chamber develops new local content management system to track country’s progress

OilNOW -
Trinidad and Tobago’s Energy Chamber recognised, back in 2017, that the country lacked a proper system to accurately report and analyse the local content delivery of industry players operating there. Upstream operator companies have an obligation to report to the Ministry...
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US, Norway, Guyana, and Angola were biggest suppliers of additional crude to UK in June

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The UK imported no crude oil or refined products from Russia in June for the first time on record, according to UK trade data. S&P Global Platts said in an August 24 article that this follows phased sanctions on...
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Exxon’s costs subject to scrutiny by partners, Guyana government and third parties

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Officials at ExxonMobil Guyana say a layered system of reviews and audits are in place to ensure the integrity of the expenses that go into its cost bank. They made the comments during the 26th episode of Access ExxonMobil, published on...
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Brazil pushing restart of cold rigs to boost crude production – Rystad Energy

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Research from Norway Group Rystad Energy shows that Brazil is driving a wave of cold-stacking floating rig reactivations as the state-owned Petrobras pushes for higher crude output by 2030. In oil and gas, cold-stacking is the equivalent of shuttering a factory...
Exploration

New start-up venture by Stena Drilling to focus on well construction, decommissioning

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Stena Drilling has announced the launch of its new start-up ‘Stena Wells’ – a venture aimed at providing fully managed well construction and decommissioning. Stena Wells is a separate entity from Stena Drilling, but the two companies will collaborate to provide...
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Companies with bundled services “will not be recognised or counted” – Local Content Secretariat

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Guyana’s Local Content Secretariat (LCS) is clamping down on contract bundling, with companies at risk of not being certified compliant with the law. In a statement on Friday, the LCS noted that companies were issued “a final caution” to desist...
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Heavy windfall taxes could make oil business financially unsustainable – Rystad Energy

Shikema Dey -
Windfall taxes have been introduced in some nations as a knee-jerk reaction to the global energy crisis to help ease the pockets of consumers paying the highest prices in decades for electricity, gasoline, and travel. Country’s such as Canada and the...
Exploration

Barbados to open auction for 22 offshore blocks in November

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Barbados is looking to test its exclusive economic zone for petroleum deposits, as it will open a licensing round for 22 offshore blocks later this year. The notice from the Ministry of Energy and Business said interested oil and gas...
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Gas-to-Energy: World-class safety standards being used in pipeline design, construction – Exxon

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President of ExxonMobil Guyana, Alistair Routledge, said the design and construction of the Gas-to-Energy pipeline will be of the highest standard, as plans move forward for the landmark project that is set to cut the cost of power by half in...
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Small refinery for Guyana could make a big difference for energy security – VP

OilNOW -
Talk of Guyana having an oil refinery have ramped up in recent months. The governing administration is exploring options, having received proposals from eager investors. Though no final determination has been made, Guyana’s Vice President Dr. Bharrat Jagdeo believes that...
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Hess gives back Suriname oil block at Guyana border

U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with...

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