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Shell acquires Kosmos’ offshore interests in Suriname

OilNOW -
Kosmos Energy on Wednesday said that it has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell PLC, to farm down interests in a portfolio of frontier exploration assets for approximately...
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Tullow still processing ‘heavy oil’ data from Guyana discoveries

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UK-based Tullow Oil said on Wednesday it is still processing data from the discoveries it made last year at the 1,800km2 Orinduik block offshore Guyana. The block partners had found oil at the Jethro-1 and...
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Payara, other offshore developments will help push Guyana’s long-term growth plans – Natural Resources Minister

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As the volume of petroleum resources at the prolific Stabroek Block offshore Guyana continues to increase with yet another discovery announced by US oil major ExxonMobil on Tuesday, the country’s Minister of Natural Resources says the Payara development, which...
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Oil companies commit to have contractors address equal pay concerns – Labour Minister

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Guyana’s new Minister of Labour, Joseph Hamilton has been engaging oil companies to address issues in the oil and gas sector such as equal pay for Guyanese workers. According to the official, companies including ExxonMobil and Tullow Oil have...
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Guyana Local Content Panel looking to begin consultations – Vickram Bharrat

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Guyana’s Minister of Natural Resources Vickram Bharrat said on Tuesday that the recently appointed Local Content Advisory Panel has already commenced work and will soon be holding consultations and workshops with the relevant stakeholders. He was at the time speaking...
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Latin America’s renewable energy capacity set to skyrocket

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Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity growth expected globally in the coming years, Rystad Energy said in a report on Tuesday. With auctions already adopted throughout Latin America, the Norway-based...
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Another Strike: ExxonMobil announces Redtail Discovery Offshore Guyana

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Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...
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Oil revenue will not be used for emergency budget – Guyana Vice President

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Authorities in Guyana said on Monday no revenue from the country’s growing Natural Resources Fund (NRF) account will be used for an emergency budget set to be presented this week. In December 2019, Guyana began producing oil at the ExxonMobil-operated...
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Different terms for other blocks – Guyana Vice President reaffirms

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Speaking at a press conference on Monday, Guyana’s Vice President, Bharrat Jagdeo, reaffirmed the  government’s position on the Stabroek Block Production Sharing Agreement (PSA), noting that it will not seek to renegotiate the deal but will however, be looking...
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Twenty-five percent of BP’s staff in T&T to be sent home

OilNOW -
Prime Minister of Trinidad and Tobago Dr Keith Rowley has disclosed that BPTT officials have told him they will soon be cutting 25 per cent of their workforce, according to a report in the Trinidad Guardian. However, the report cites...
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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool....

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