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Houthis forces fired missile at Saudi Aramco oil site in Jeddah

OilNOW -
(Reuters) - Yemeni Houthi forces fired a missile that struck a Saudi Aramco oil company distribution station in Saudi Arabia’s Red Sea city of Jeddah, a Houthi military spokesman said on Monday. There was no immediate Saudi confirmation of the...
News

BP sells London headquarters for 250 million pounds

OilNOW -
(Reuters) - BP has agreed to sell its London headquarters for 250 million pounds, a spokesman said on Friday, the latest in a string of disposals as the British energy company shifts to low-carbon energy. BP also agreed to lease 1...
News

Staffing is now the focus for CGX deep water port facility in Guyana

OilNOW -
Grand Canal Industrial Estates Inc. (GCIE), a subsidiary of CGX Energy Inc., has begun seeking human resources personnel for its Berbice Deep Water Port facility, located in the new oil producing country of Guyana. In multiple advertisements in the local...
News

Suriname offshore breakeven expected to go down with more discoveries

OilNOW -
The projected breakeven price for development of oil fields offshore Suriname is expected to reduce in coming years as more discoveries are made, and production gets underway. So far, three discoveries have been made at Block 58, estimated to contain...
News

Outgoing head of Guyana’s Department of Energy says ‘still willing to serve’

OilNOW -
Character, integrity, perseverance and contentment--these are the qualities that outgoing Director of the Department of Energy, Dr. Mark Bynoe says are integral to his successor executing their duties within an agency that has played a critical role in the...
News

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...
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The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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