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Guyana government intensifies call for oil not to be seen as the ‘only game in town’

OilNOW -
The Government of Guyana is continuing to place emphasis on the diversification of the economy as part of efforts to ensure the emerging oil and gas sector does not become the sole area of economic activity in the South...
Exploration

Stena Carron exits ‘deepest Guyana well’ for new drill campaign

OilNOW -
The drillship Stena Carron is set to depart the Tanager-1 well site in the Kaieteur block and will take up a new assignment at the Redtail area, back in the adjacent Stabroek block, for an exercise that is set...
News

Liza-1 well can produce up to 50 million standard cubic feet of gas per day

OilNOW -
Guyana is poised to significantly reduce its reliance on imported fossil fuel to meet its energy needs through the utilisation of natural gas from the offshore Liza field at the Stabroek block. There has been broad-based consensus on the...
News

Guyana and Suriname joining Brazil as South America’s hottest deepwater plays

OilNOW -
Offshore exploration and production activities in South America have long been dominated by Brazil with its vast offshore pre-salt developments. State oil company Petroleo Brasileiro SA (Petrobras) alone accounted for nearly 88% of the continent’s deepwater OPEX in the...
News

China oil giants considering buyout of Exxon’s stake in Iraq oil field

OilNOW -
(Bloomberg) --China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which could fetch at least $500 million, according to people familiar with the matter. The...
News

Noble Energy pushes back plans for Colombia well, Maersk Drilling retains exclusive option

OilNOW -
Noble Energy has taken a decision not to go forward with its planned one-well campaign offshore Colombia this year. Maersk Drilling said in its fleet status report on Friday that it has agreed with Noble Energy to amend the previously...
Exploration

It will take several wells to define Kaieteur Block opportunity – Hess

OilNOW -
Speaking just days before the results from the Tanager-1 prospect was announced, John Hess, CEO of Hess Corporation, a 15% stakeholder in the Kaieteur Block, said it will take several wells for the co-venturers to define the opportunity in...
News

Head of UAE investment group in Guyana for talks

OilNOW -
Sheikh Ahmed Dalmook Juma Al Maktoum of the United Arab Emirates (UAE) and an eight-member delegation arrived in Guyana on Thursday for a three-day official state visit during which support for the South American country’s emerging oil and gas...
News

TechnipFMC gets greenlight for LNG contract in Mexico worth over 1 billion dollars

OilNOW -
TechnipFMC has received notice to proceed with an Engineering, Procurement, and Construction (EPC) contract worth over 1 billion dollars, by Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) at their Energía Costa Azul (ECA) liquefied natural gas (LNG)...
News

Saipem enters 12-year agreement with Saudi Aramco

OilNOW -
Saipem has signed a Long-Term Agreement (LTA) with Saudi Aramco for onshore engineering and construction activities. The deal, which is for a duration of twelve years, entails efficiency activities on existing facilities and is part of Saudi Aramco’s broader...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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