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O&G will provide half the world’s energy needs for another 20 years – Darren Woods

OilNOW -
With Guyana poised to be a major oil producer in Latin America in coming years, concerns have been mounting globally over the longevity of the oil and gas industry due to the push towards renewables. However, the expectations are...
News

Guyana now on world stage of mega investment opportunities – country says it is ready

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The discovery of billions of barrels of oil equivalent resources has catapulted Guyana to the top of the list of places to invest in the Latin America and Caribbean region and the now almost 3-month old government has been...
News

Shell and CNOOC account for bulk of Mexico’s deepwater investments

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(S&P Global) Deepwater projects took the bulk of the exploration investments in Mexico during the third quarter as private companies ramp up activities. Two exploration projects from Shell and one from China National Offshore Oil Corporation located in the deepwater...
News

Brazil’s Petrobras boosts 2020 production outlook

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(Reuters) - Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore fields. Petroleo Brasileiro SA, as the firm is formally...
News

Tullow shares jump 40% after Uganda approved US$575 million assets sale

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Shares in UK-based Tullow Oil jumped 40 percent on Wednesday after the company announced that it received approval from the Ugandan government to sell a $575 million stake in assets to Total. Tullow said the Government of Uganda and the...
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Peterson and OneSubsea bag contract for Matapal project in Trinidad and Tobago

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Leading international energy logistics provider Peterson has confirmed a project logistics services contract with OneSubsea to support their work on the Matapal project in Trinidad and Tobago. The contract award will see Peterson deliver turnkey logistics support to OneSubsea for...
Exploration

Guyana has at least 10 years of intense exploration drilling, biggest window of opportunities – Ramnarine

OilNOW -
New oil producer Guyana will see the highest level of exploration activities unfolding over the next ten years, which, according to one official with years of experience in the industry, presents the best window of opportunity for the people...
News

Hess ensuring cash keeps flowing to fund capital-intensive projects in Guyana

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Hess Corporation, a 30 percent stakeholder in Guyana’s Stabroek Block, has said the South American country is a major part of its growth plans in the coming years and this has seen the company take a number of steps...
News

CDC modelling shows no direct impact to Guyana if oil tanker spills cargo in Gulf of Paria

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The Civil Defence Commission (CDC) in Guyana said on Tuesday evening that several analyses and modelling were conducted of the potential threat of an oil spill from the FSO NABARIMA (bearing Venezuelan flag) which is listing with 173,000 tons...
News

Venezuela state oil company plans to offload crude from vessel under threat of sinking near T&T

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(Marine Link) Venezuelan state oil company Petroleos de Venezuela (PDVSA) plans to offload crude from the Nabarima floating oil facility via ship-to-ship (STS) transfer amid environmental concerns, two people familiar with the matter said on Monday. The Nabarima, part of...
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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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