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Sembcorp Marine’s Brazilian shipyard delivers its first FPSO

OilNOW -
Sembcorp Marine’s subsidiary Estaleiro Jurong Aracruz (EJA) has crossed a significant operational milestone with the completion of its first floating production, storage and offloading (FPSO) project. P-68, a newbuild FPSO vessel, left the shipyard on Monday and will be deployed...
News

Int’l experts place keen focus on oil spill safeguards for Guyana

OilNOW -
A number of international experts in oil and gas exploration and production are lending their voices in the conversation of safeguarding Guyana from oil spills and other negative environmental impacts, as the South American nation moves closer to its...
News

Double oil strikes reaffirm Guyana’s substantial oil resources – Dr. Bynoe

OilNOW -
Speaking to the media hours after the announcements of two oil discoveries off the Guyana coast, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe said these latest successes, which brings the total discoveries to date to...
Exploration

Exxon strikes oil at Tripletail offshore Guyana

OilNOW -
ExxonMobil said on Monday it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent...
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Harvey Gulf crew boat will arrive in Guyana soon to support Repsol drill campaign

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US-based Harvey Gulf International Marine is deploying a second vessel to Guyana to support offshore exploration activities in South America’s newest oil and gas hotspot. The 210’ Fast Supply and Utility Vessel is expected to arrive in Guyana on September...
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G-Boats, SRSGY train 26 more Guyanese for offshore placements

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More and more Guyanese are entering the world of work in Guyana’s emerging oil and gas industry, even as the debate over the proposed local content policy continues in the country. To this end, 26 Guyanese recruits on September 12...
News

Oil price spike after Saudi attack likely short-lived – Rystad Energy

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In an update to clients after the biggest attack on oil infrastructure since the Gulf War, Bjørnar Tonhaugen, head of oil market research at Rystad Energy said the spike in oil prices is likely to be short-lived. “The bullish reaction...
News

Tullow makes second discovery offshore Guyana

OilNOW -
Tullow Oil plc (Tullow) announces that the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. This discovery follows the company's first successful well offshore the South American country - Jethro-Lobe -...
News

ExxonMobil-led consortium wins 3 Brazil deepwater blocks

OilNOW -
An international consortium led by Exxon Mobil Corporation XOM was the main bidder for three ultra-deepwater oil and natural gas units off the coast of Sergipe and Alagoas states during Brazil's first Open Acreage auction. The units are situated close to the...
News

USGS will reassess Guyana-Suriname basin in 2020 following multi-billion-barrel discoveries by ExxonMobil

OilNOW -
The US Geological Survey (USGS) is looking to reassess its estimated petroleum reserves in the Guyana-Suriname basin which could see its previous estimate of 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas, increasing. Thirty-one geologic...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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