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T&T state-owned oil and gas firm exposes recruitment racket, police alerted

OilNOW -
Trinidad & Tobago’s state-owned oil and gas firm, Heritage Petroleum Company Limited, said on Tuesday it has been informed that individuals and their organizations are hosting false recruitment orientations and falsely promising employment at the company. Heritage said these individuals...
News

Upstart oil producer Guyana turning heads, poised to eat up market share

OilNOW -
Producing oil in Guyana cost less than almost anywhere else in the world and this makes the South American country an extremely attractive investment destination for deepwater explorers. Many factors play a role in the production cost for a...
News

Petrobras to bag whopping $6.5 billion for investments in Brazil oil fields

OilNOW -
(S&P Global Platts) Brazilian state-led oil company Petrobras will be reimbursed around $6.5 billion for investments it made to develop the Atapu and Sepia subsalt fields in the transfer-of-rights area in an agreement to clarify terms ahead of a...
News

Saipem to proceed with US$350 million work scope for world’s largest liquefied natural gas company

OilNOW -
Italian multinational oilfield services company Saipem said Tuesday it has received confirmation from Qatargas for the exercise of two options for additional scope of work within the North Field Production Sustainability Offshore Project, the award of which was communicated...
News

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

OilNOW -
The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country, according to the Canada-Guyana Chamber of Commerce (CGCC). The Chamber says this is the ideal time for foreign businesses to...
News

For Guyana, retaining the resource-rich Essequibo region ‘is a life-or-death matter’ – Ivelaw Griffith

OilNOW -
Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic and International Studies says a great deal is riding on the outcome of the border controversy between Guyana and Venezuela,...
News

Total, CNOOC enter agreements with Uganda and Tanzania for $3.5 billion pipeline

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(Reuters) -Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets. France’s Total and China’s...
Exploration

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

OilNOW -
Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and Tobago confirms a liquids rich natural gas discovery. Touchstone has an 80 percent operating working...
News

Exxon’s Greater Guyana Initiative brings Zoom Rooms project to University of Guyana

OilNOW -
The University of Guyana (UG) on Saturday launched its Zoom Rooms project which it says lays down the first building blocks for its blended-learning architecture. The project is part of a gift under the ExxonMobil and Stabroek Block co-venturers...
News

Expert urges development of gas master plan, expects resources to continue growing

OilNOW -
The Liza-1 well offshore Guyana could supply the country with approximately 50 million standard cubic feet of natural gas per day and one expert says future exploration campaigns by ExxonMobil at the prolific Stabroek Block could see much more...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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