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World’s biggest emerging ‘super-basin’ holds barrels with some of the lowest carbon intensity

OilNOW -
Today’s oil and gas industry is strikingly concentrated. Almost three-quarters of resources are in just 10 basins that hold more than 100 billion boe. Fewer than 50 traditional super basins supply more than 90% of the world’s oil and...
News

Exxon committed to playing key role in delivering lower cost power to Guyana – Routledge

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, said the company is committed to doing everything it can to ensure the Gas-to-Energy project, set to deliver lower cost and lower emission power to the new oil producing country, is successful. “It’s a...
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Noble strikes deal to sell rigs, in pursuit of Maersk merger

OilNOW -
Noble Corporation has entered into an asset purchase agreement to sell five jackup rigs in pursuit of a merger with Maersk Drilling. It had said that upon notifying United Kingdom regulators about the proposed merger, the Competition and Markets Authority...
News

Exxon says potential exists to tie new oil finds at Stabroek Block into existing projects

OilNOW -
Production Manager for ExxonMobil Guyana, Mike Ryan, said there is potential to tie new discoveries at the Stabroek Block into existing offshore projects. The use of this engineering process, called subsea tieback, is a move that saves companies a fraction...
News

SBM Offshore aiming for ‘near-zero emissions FPSO’ by 2025 – CEO

OilNOW -
SBM Offshore is positioning itself to benefit from the global energy transition. The company has its eyes set on achieving net-zero emissions by 2050 and has announced new intermediate greenhouse gas-related targets. SBM Offshore’s Chief Executive Officer (CEO) Bruno Chabas disclosed...
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Saipem awarded US$900M in contracts for Angola’s first non-associated gas project

OilNOW -
Italian oil services company, Saipem was awarded three contracts totaling US$900 million for works on the Quiluma and Maboqueiro gas fields development project off the northwest coast of Angola. The contracts were awarded by the New Gas Consortium comprised of...
News

At 3 billion barrels, TotalEnergies’ Venus is sub-Saharan Africa’s biggest oil discovery

OilNOW -
The Venus discovery made by TotalEnergies is Sub-Saharan Africa’s biggest ever oil find. This was related by Eco Atlantic Oil & Gas Ltd. in a recent report marketing the prospectivity of its acreages in the African Orange Basin. Discovered in Block...
News

US firm to build pioneering US$200M oil refinery & petrochemical manufacturing complex

OilNOW -
Chemtech International is hoping to lead the way for Guyana’s downstream industry with the establishment of a US$200 million oil refinery and integrated post-petrochemical manufacturing complex. The pioneering project—which is awaiting the approval of the Environmental Protection Agency (EPA)—will...
Exploration

World Bank, Guyana ink US$44 million Human Capital Development pact

OilNOW -
The World Bank and Guyana’s Government officially signed an agreement on Friday for a US$44 million Human Capital Development Project to improve access as well as learning conditions in secondary education. It is also intended to improve access to...
News

60% of oil revenue investment into education should target tertiary level – UG Vice Chancellor

OilNOW -
The Vice Chancellor of Guyana’s premier university, Professor Paloma Mohamed-Martin is lobbying for oil and gas investments into the tertiary institution to churn out the needed human capital for the growing oil industry. “Not only University of Guyana ...
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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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