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Policy calls for ‘first consideration of Guyanese’ in new O&G hotspot

OilNOW -
In making decisions concerning recruitment and procurement to execute petroleum activities, operators and their contractors in Guyana’s emerging oil and gas industry are expected to give first consideration to Guyanese persons having appropriate qualifications and experience, and to Guyanese...
News

SBM Offshore reports positive performance for 2019; Liza Destiny FPSO delivery is key milestone

OilNOW -
CEO of SBM Offshore Bruno Chabas said 2019 was a positive year for the company, noting that expectations for an offshore industry rebound materialized and coincided perfectly with the company’s readiness to meet demand. He also called the commencement...
Exploration

Total targeting up to 3 Guyana wells this year despite heavy crude encounters

OilNOW -
French oil company Total expects two to three new offshore wells to be drilled in Guyana this year, Chief Executive Patrick Pouyanne says. This is despite encountering heavy crude at two prospects last year, which brought into question their...
News

Oil rally runs into turbulence after jump in coronavirus cases

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(Bloomberg) A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its method for counting infections. The government of the province at the heart of the outbreak said...
News

Oil giant BP says it wants to have net-zero emissions by 2050

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(CNBC) Oil and gas major BP said Wednesday it was aiming to become “a net zero company by 2050 or sooner,” adding that it also wanted to “help the world get to net zero.” In an announcement detailing its plans,...
News

UK oilfield services company moves into Guyana market as oil industry takes off

OilNOW -
Swire Oilfield Services, a leading global provider of offshore containers and oilfield services, announced a strategic partnership agreement today with Global Oilfield Services Inc, for the supply of offshore containers and equipment to support the growing energy market in...
News

Tanker to lift Guyana’s first share of Liza crude arrives

OilNOW -
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe said on Wednesday the Greece-registered crude oil tanker, Cap Philippe, which will lift Guyana’s first one million barrel crude entitlement, will arrive in the country’s waters on Thursday, February...
News

Kosmos increases reserves 7th year in a row

OilNOW -
Kosmos Energy (NYSE/LSE: KOS) said Wednesday the total 1P reserves at year end 2019 were approximately 169 million barrels of oil equivalent (MMBoe) and 2P reserves were approximately 552 MMBoe. In addition, following the recent signing of the Sale and Purchase...
News

Law firms contracted to boost legal framework governing O&G in Guyana

OilNOW -
US law firm Hunton Andrews Kurth LLP and Guyanese Cameron and Shepherd, the oldest law firm in the South American country, have been awarded a contract by the Department of Energy to boost the legal framework for the oil...
News

Tullow, partners to assess future of Guyana’s heavy oil block

OilNOW -
(S&P Global) Tullow Oil plans to assess the future potential of heavy oil finds off Guyana in the coming days, block partner Eco Atlantic said, three months after details of the viscous crude discoveries cast doubt over the commerciality...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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