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Guyana local content regulator mulling guidelines to end ‘fronting’ in joint ventures

OilNOW -
The Local Content Secretariat (LCS) is seeking to draft guidelines that will signal clearly, how joint venture partnerships will be deemed genuine. Noting this recently was the President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker. Director...
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Maersk Drilling awarded one-well extension for Suriname campaign

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TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension is expected to commence in January...
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MoU signed for landmark Nigeria-Morocco gas pipeline set to cross 13 African countries

OilNOW -
The Nigeria-Morocco Gas Pipeline (NMGP) has “taken off”, the Nigerian National Petroleum Company (NNPC) said last week. A memorandum of understanding (MoU) was signed between NNPC, Morocco’s National Office for Hydrocarbons & Mines (ONHYM), and the Economic Community of...
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Though Guyana has long way to go, Jagdeo satisfied with progress on oil sector governance

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Guyana’s Vice President Dr. Bharrat Jagdeo says the country has improvements to make in its natural resource governance structure, but that he is generally satisfied with the efforts made thus far by the government. Jagdeo, who is the government's chief...
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Petronas says development of gas find off Bintulu coast, Malaysia, can be expedited

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PETRONAS said Tuesday that Mubadala Petroleum struck gas from its Cengkih-1 exploration well in Block SK 320 in the central Luconia Province, about 220 kilometers off the coast of Bintulu, Sarawak, offshore Malaysia. The well was successfully drilled to a total depth...
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Guyana lab now equipped to run multiple tests on crude being produced offshore

Shikema Dey -
Guyana’s Crude Testing Lab run by the Guyana National Bureau of Standards (GNBS) is now able to conduct all necessary tests of Liza Crude and Unity Gold being produced offshore. Crude oil testing helps to ascertain crude characteristics to determine the...
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Oil prices surge as Putin escalates war in Ukraine

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(Reuters) - Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.28, or 2.5%,...
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Petrobras looking for new floating production vessel for Campos Basin

OilNOW -
Petrobras on Tuesday launched a tender for a new floating oil platform as it moves ahead with the Albacora field, located in the pre-salt Campos Basin. The Brazilian state-owned entity said that the unit will be chartered for 27 years...
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TotalEnergies makes final investment decision on Argentina gas project

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TotalEnergies announced Monday that it approved the final investment decision (FID) for the Fenix gas development. The Fenix field is located 60 kilometers (km) off the coast of Tierra del Fuego, Southern Argentina. It will be developed through three horizontal wells,...
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Tender out for new marketer for Guyana’s Liza and Unity Gold crude

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Guyana’s Ministry of Natural Resources has put out a tender for the provision of marketing services for the country’s share of crude from the Liza Phase 1 and 2 projects. Bidders have until 9:00 am on October 11 to make...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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