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Oil group says upcoming conference ‘anti-local content’, urges stakeholders to avoid participating

OilNOW -
The President of the Guyana Oil and Gas Energy Chamber (GOGEC) Manniram Prashad says the third annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) set to be held next month is an “anti-local content event”, hence his organization...
News

Halliburton’s new logging service delivering hi-res images in oil-based mud

OilNOW -
StrataXaminer delivers the sharpest images in oil-based mud to visualize and quantify reservoir characteristics and reduce subsurface uncertainty. Halliburton Company (NYSE: HAL) today announced StrataXaminer™, a new wireline logging service that helps operators acquire more accurate well data to better evaluate...
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Maersk Drilling announces sale of two jack-ups

OilNOW -
Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June...
News

One vast oil field has given Guyana the power to be energy independent – global analytics provider

OilNOW -
With a population of around 800,000 people, Guyana’s modest piece of global oil and gas output already makes a big difference to the South American country with a lead international analytics provider saying just the Liza reservoir alone gives...
News

New 180-ton crawler crane in place at Guyana’s largest shore base, local crew handling all lifting operations

OilNOW -
A new 180-ton crawler crane is now in place at the Guyana Shore Base Inc. (GYSBI) facility for loading and offloading vessels servicing the rapidly expanding operations offshore the new oil producing South American country. GYSBI General Manager Sean Hill,...
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Suriname’s first 3 offshore discoveries expected to produce around 1.4 billion barrels of oil – Rudolf Elias

OilNOW -
The Outgoing Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname N.V., says the country’s first 3 offshore discoveries at Block 58 are expected to produce around 1.4 billion barrels of oil equivalent resources over time. Rudolf Elias, in...
Exploration

IEA landmark report calls for halt to global oil and gas developments, but cautions that each country would need to design its own strategy

OilNOW -
The International Energy Agency (IEA) said Tuesday that under an energy scenario needed to put the world on a path to net-zero emissions by 2050, no new oil and gas developments should be sanctioned beyond those already approved for...
News

Oil hits two-month high of $70

OilNOW -
(Reuters) Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and U.S. economies offset concern over spreading coronavirus cases in Asia. The British economy...
Exploration

Drilling at Canje Block will determine if upper-cretaceous play can be extended

OilNOW -
Exploration drilling in the Canje Block offshore Guyana will be key to determining if the upper-cretaceous play can be extended in a basin where over 9 billion barrels of oil equivalent have been found in the adjacent Stabroek Block...
News

TechnipFMC clinches subsea contract for Ithaca Energy North Sea project

OilNOW -
TechnipFMC announced Monday that it has been awarded a significant Engineering, Procurement, Construction and Installation (EPCI) contract from Ithaca Energy (UK) Limited for the Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. TechnipFMC will design, manufacture, deliver and...
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The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery....

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