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Unity, Prosperity FPSOs targeting lower carbon intensive production

OilNOW -
Dutch floater specialist SBM Offshore, the builder and operator of the Liza Destiny FPSO currently producing oil offshore Guyana, is moving ahead with technological advancements that will see lower carbon intensive vessels being built, including those targeting additional developments...
News

Deepwater projects are big winners as average breakeven price drops to US$50 per barrel – Rystad Energy

OilNOW -
A comprehensive analysis by Norway-based Rystad Energy of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50 per barrel, down around 10% over the last two years, and 35%...
News

Maersk spuds Suriname well, starts operations in T&T on same day

OilNOW -
The semi-submersible rig Maersk Developer earlier this month spudded the Sloanea-1 well in Suriname on the same day the Mærsk Discoverer began operations at the Matapal development in Trinidad and Tobago (T&T). “Earlier this month, Maersk Developer spudded the Sloanea1...
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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

OilNOW -
(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...
News

Peterson and OneSubsea bag contract for Matapal project in Trinidad and Tobago

OilNOW -
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...
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Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for...

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