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Exploration

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

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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

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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

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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

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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...
News

Payara subsea award is the largest since 2014

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Payara, ExxonMobil’s 3rd development at the Stabroek Block offshore Guyana, has made way for the award of the largest subsea contract in the oil and gas industry since 2014. This comes in a year which one industry analyst describes as...
News

Fabrication work to begin on giant Prosperity FPSO

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Fabrication work is set to begin on the giant Fast4Ward® MPF hull for ExxonMobil’s Payara Development offshore Guyana that will see the Prosperity FPSO pushing total oil production in the South American country to more than 500,000 bpd by...
News

Significant data gathered from Tanager well, no clarity yet on quality of oil – Ratio Guyana

OilNOW -
Large amounts of geological and geophysical data were gathered during the drilling of the Tanager-1 well at the Kaieteur Block offshore Guyana and these findings are expected over the next few months. Ratio Guyana, a 25% stakeholder in the block,...
News

Pandemic downturn wipes out 28,000 oil and gas jobs in Australia

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The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, equivalent to a quarter of the country’s total count, a Rystad Energy analysis reveals. Some of these jobs...
Exploration

Tanager results a reminder that exploration is a risky, expensive business – Ramnarine

OilNOW -
The results from the Tanager-1 exploration well at the Kaieteur Block offshore Guyana announced on Tuesday brings back into focus the risky nature of exploration, even in a basin where the success rate has been well above 90 percent. Since...
News

Guyana government recommits to robust business environment as economy set to take off

OilNOW -
Guyana’s President, Dr. Irfaan Ali has promised that the new administration will work towards the development of a robust business environment that promotes wealth and job creation. He voiced this commitment last week during an address to the members...
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‘Lil Red Community Centre’ commissioned through partnership with Food for the Poor Inc. and SBM Offshore Guyana

Residents of Little Red Village on Guyana’s Essequibo Coast now have access to a new community hub following the...

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