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Hundreds flock to oil and gas job fair in Guyana as industry preps for take off

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Hundreds of Guyanese flocked to a job fair on Thursday organized by El Dorado Offshore (EDO), one of the companies in the South American country providing human resource services to the emerging oil and gas industry. The event, the second...
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SBM Offshore secures contracts for 3rd Guyana FPSO

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SBM Offshore said on Thursday ExxonMobil Guyana has awarded the Company contracts to perform Front End Engineering and Design (FEED) for the Floating Production, Storage and Offloading vessel (FPSO) for the Payara development project located in the Stabroek block...
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ExxonMobil is no ‘bad guy’ – Guyana set to get half the profits – Persaud

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The Production Sharing Agreement (PSA) between the South American country of Guyana and ExxonMobil will see the government earning half the revenue from profit oil and 2 percent royalty, which is applicable from day one of production, now set...
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Liza Unity hull 85 percent complete

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The hull for the Liza Unity FPSO – Guyana’s second oil production complex – is now 85% complete as work on the 220,000 barrels per day vessel that will be producing oil from the Liza Phase 2 Development project...
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Approval of Payara development expected by Q1 2020

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Final Investment Decision on ExxonMobil’s third development project offshore the South American country of Guyana is expected by Q1 2020 as authorities move to embark on a third-party review of the Field Development Plan. Sanctioning of the Payara development...
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Brazil oil auction a ‘total disaster’ as bidders stay away

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(Bloomberg) Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companies stayed away. Petrobras, as the company is known, joined with China’s Cnooc Ltd....
Exploration

Guyana to place 3rd party verifier on FPSO for crude lifts

OilNOW -
Guyana's Crude Lifting Agreement is expected to be completed over the coming week. The agreement, which came out of a model designed by the Association of International Petroleum Negotiators (AIPN) in 2001, speaks to the specific lifts that the four...
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Demand for OPEC crude expected to slide as Guyana, other producers add to supply

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Demand for oil from the Organization of Petroleum Exporting Countries (OPEC) is expected to slide as the oil cartel’s market share shrink in coming years amid a flood of US shale and supply from countries like Guyana, where production...
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Bristow emerges from bankruptcy with successful debt restructuring

OilNOW -
Bristow Group Inc. has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 4, 2019. Bristow said on October...
Exploration

AAPG geosciences workshop in Suriname to focus on offshore oil potential

OilNOW -
The American Association of Petroleum Geologists (AAPG) is set to stage a Geosciences Technology Workshop (GTW) in Suriname to be held at the Torarica Hotel in Paramaribo on November 6-7, 2019. The workshop will focus on recent discoveries and exploration...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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