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Canadian oil and gas association pressing for deal to be reached on FPSO project responsible for thousands of jobs

OilNOW -
The Newfoundland and Labrador Oil and Gas Industries Association (Noia) is urging stakeholders to reach a deal on the Terra Nova FPSO project before a June 15 deadline expires. In a press release Noia said during a recent call with...
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Total offshore operations in Suriname powered by Staatsolie Ultra Low Sulfur Diesel

OilNOW -
French multinational oil and gas company Total is powering its operations offshore Suriname with fuel supplied by state oil company Staatsolie. Total, operator at Block 58, has made 4 discoveries at the 1.4-million-acre block, along with partner Apache. “As of...
Exploration

Emerging play options shrinking, Guyana & Suriname account for over 50% this year

OilNOW -
Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over 10 billion barrels of oil equivalent resources have been discovered since 2015. According to Westwood Global...
News

IEA’s call for no new oil investments not prescriptive, says Guyana’s Vice President

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Even though the International Energy Agency (IEA)’s bombshell report advised that no new investments are needed in fossil fuels if the world is to reach net-zero by 2050, Guyana’s Vice President, Dr. Bharrat Jagdeo is urging stakeholders to remember...
News

Woods, seven others reelected as ExxonMobil Directors, activist hedge fund gains seats

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ExxonMobil Corporation yesterday disclosed that its shareholders re-elected eight of its members to the Board of Directors along with two fresh faces put forward by Engine No. 1, a small hedge fund that owns 0.02 percent of the oil...
News

Dutch court orders Shell to cut emissions faster in landmark ruling

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(Bloomberg) --Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a blow to the oil giant that could have far reaching consequences for the rest of the global...
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Government considering using percentage of oil revenue to reduce electricity cost – Ali says in Independence Day message

OilNOW -
For almost all of Guyana’s existence as an independent nation, oil was non-existent in the national discourse and played no role in advancing the country’s economic development. Guyana depended primarily on its agriculture exports such as rice and sugar,...
News

Message from Guyana’s President on the occasion of the country’s 55th Independence Anniversary

OilNOW -
Address by His Excellency Dr Mohamed Irfaan Ali President of the Co-operative Republic of Guyana on the occasion of Guyana’s 55th Independence Anniversary Honourable Prime Minister, Madam Chancellor of the Judiciary, Former Presidents, Ministers of Government, Heads of Service, Members...
News

Nigeria state oil firm renews oil lease with Shell, Total, Exxon, Eni

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(Reuters) - The Nigerian National Petroleum Corp renewed Oil Mining Lease 118 with the local subsidiaries of Shell, Total, Exxon and Eni for another 20 years, the West African country’s state oil firm said in a statement on Tuesday. The...
News

AAPG, SPE exploring merger to create ‘energy professionals’ organization for the future’

OilNOW -
The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) announced Tuesday that they are exploring the benefits and opportunities of a merger that would create the ‘energy professionals' organization for the future’. With unanimous consent...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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