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SBM Offshore strikes deal for Brazil FPSO

OilNOW -
SBM Offshore said Tuesday that it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Alexandre de Gusmão. These contracts follow the signing of the binding Letter of Intent announced on August...
News

Expert says major oil discoveries outside of Stabroek Block almost certain

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While the 6.6 million acres Stabroek Block remains the largest license under exploration and development in Guyana where the motherload of commercial hydrocarbons have been found, one expert says it is almost certain that substantial discoveries will eventually be...
News

Prioritizing cleaner crude reservoirs could be key part of Exxon’s aggressive low carbon plans

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ExxonMobil says it intends to use its super technology, expertise and over US$15 billion to aggressively pursue lower greenhouse gas emission initiatives in the coming years as it looks to play a major role in support of global emission...
News

Australia aiming to secure 20 more years of gas supply

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(S&P Global Platts) Australia's federal government released a plan on November 26 aimed at shoring up the country's gas supply for the next 20 years so that the industry can meet anticipated growing LNG demand out to 2035 and...
News

Friday’s plunge in oil prices overdone – Brent rebounds to $76

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(Reuters) - Oil rebounded by almost 5% on Monday to $76 a barrel as some investors viewed Friday's slump in oil and financial markets on concern about the Omicron coronavirus variant as overdone. While the World Health Organisation has warned...
News

Guyana exports final oil cargo for 2021; 9 million barrels sold to date

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The government of Guyana has sold its final one-million-barrel oil cargo for this year, bringing the exports representing the country’s share of Liza Crude to five million barrels for 2021 and 9 million in total since oil production began...
News

Biden administration not looking to stop oil and gas development, approving permits at faster rate than Trump

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(CNBC) The Biden administration on Friday proposed reforms to the country's oil and gas leasing program that would raise costs for energy companies to drill on public lands and water, but stopped short of recommending an end to leasing...
News

Another Guyanese firm looking to expand operations as demand for services surge

OilNOW -
Since Guyana’s President, Dr. Mohamed Irfaan Ali’s call earlier this year for locals to prepare themselves to seize more opportunities in the country’s oil and gas sector, several Guyanese business operators have been moving to expand their capabilities and...
Exploration

Exxon has found an average of 1.7 billion barrels of oil per year in Guyana since 2015

OilNOW -
It was highlighted at the Offshore Technology Conference in August this year that exploration in the Guyana-Suriname Basin has been a decades-long endeavor, including technical challenges and a lengthy history of drilling with no offshore success prior to the...
Exploration

Explorer believes eastern portion of Orinduik block can deliver significant volumes

OilNOW -
A junior partner in the Guyana basin says prospects in the offshore acreage remain highly favourable with the eastern section of the 1800km2 Orinduik Block set to potentially deliver significant volumes, the biggest yet outside of the prolific Stabroek...
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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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