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Venezuela now projected to have 2nd highest growth this year, behind Guyana

OilNOW -
The Economic Commission for Latin America and the Caribbean’s (ECLAC) latest report lists Venezuela as the only other country behind Guyana with a high projected gross domestic product (GDP) rate for 2022. According to ECLAC, Venezuela is set to experience a...
News

Shell, ExxonMobil to sell Aera Energy joint venture to IKAV

OilNOW -
Shell and ExxonMobil, joint venture partners in Aera Energy, have decided to sell the company to IKAV, an asset management firm based in Germany. ExxonMobil Corporation disclosed Thursday that its affiliates have signed an agreement to sell all of its...
News

Over 500 courses on offer at Guyana’s first oil & gas training institute

Shikema Dey -
Guyana's landmark Local Content Policy became law last December and almost nine months down the line, its impact is being felt throughout the country's booming oil and gas sector. 3T EnerMech's massive OPITO Training Centre of Excellence at Lusignan, East...
News

Guyana, Exxon deal delivers record five projects in seven years

OilNOW -
Despite criticism about the fiscal terms of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, the deal has paved the way for rapid development of the vast hydrocarbon resources found off the country’s coast. Following the announcement of massive...
Exploration

Staatsolie set to spend US$1.5B through 2027 with major focus on offshore development

OilNOW -
From 2022 through 2027, Suriname’s state oil company, Staatsolie, plans to expend an estimated US$1.5 billion as part of its Investment Program, the bulk of which will be for participation in offshore development. In its updated Strategic Roadmap, Staatsolie noted too that the...
News

KOTUG acquires offshore support company, Seaways International

OilNOW -
KOTUG International B.V. said Thursday that it closed a deal to acquire SEAWAYS INTERNATIONAL (Seaways), a company that provides offshore support vessels for its clients. “The acquisition of Seaways brings together the assets, expertise and people of two leading companies...
News

Noble, Maersk merger cleared by UK regulator

OilNOW -
Noble Corps.’ acquisition of Maersk Drilling has been given the greenlight after the United Kingdom Competition and Markets Authority (CMA) accepted the undertakings provided by Noble to resolve issues that could have resulted from the merger. The CMA had noted...
News

24 Guyanese on 12-month course in Canada; to be deployed on Liza Unity on return

OilNOW -
A batch of 24 Guyanese trainee technicians attached to SBM Offshore are off to Canada for an oil and gas training programme to build their capacity and knowledge for integration into the country’s offshore operations. The certificate programme in Petroleum...
News

First-ever sustainability guide for greener offshore operations launched by American Bureau of Shipping

OilNOW -
The American Bureau of Shipping (ABS) has introduced new detailed requirements for greener offshore operations in its first sustainability guide targeting the global offshore industry. ABS said the guide, developed by working with major offshore industry clients – like ExxonMobil,...
News

Guyana can use regulations to address delayed payments to local companies – energy strategist

OilNOW -
With the use of Local Content Regulations, the Guyana Government can outline provisions that dictate shorter payment timelines by oil companies, says Trinidadian Energy Strategist, Anthony Paul. During an interview on radio programme, Guyana’s Oil and You, Paul shared that...
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NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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