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Hess will plug 75% of CAPEX in Guyana, Bakken over next 5 years

OilNOW -
The Stabroek Block offshore Guyana is being praised as a transformational investment opportunity for Hess Corporation. The company’s 30 percent stake in the prolific 6.6 million acres block is helping to put it well on its way to increasing...
News

Exxon agrees $4 billion sale of Norway oil and gas assets

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(Reuters) - Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar with the...
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CDC looking to test oil spill response plan at upcoming Exercise Tradewinds

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Guyana is preparing to host Exercise Tradewinds in June 2020 and Director General of the Civil Defence Commission (CDC) Lieutenant Colonel Kester Craig wants the operation to feature an oil spill response component. Currently, the CDC is finalizing Guyana's first...
Exploration

Oil contracts signed after Exxon PSA will be reviewed – Guyana Opposition Leader

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Should the opposition People’s Progressive Party Civic (PPP/C) win the upcoming elections in Guyana, efforts will be made to review contracts signed after the ExxonMobil Production Sharing Agreement (PSA) in order to extract more revenue for the South American...
Exploration

Fastest production ramp-up ever undertaken on track for first oil

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Plans are moving along rapidly in South America’s newest oil and gas hotspot for the start of oil production, now just months away. The arrival of the Liza Destiny FPSO in Guyana was announced on August 29, paving the...
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Brazil senate approves transfer of rights oil settlement with Petrobras

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(Reuters) - Brazil’s Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government and oil company Petrobras that still needs to pass the lower house to clear way...
News

PCJ confirms discovery of oldest live oil seep in Jamaica

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(Jamaica Observer) Tests carried out by two separate independent laboratories have confirmed that an oil seep identified in 2018 by the Petroleum Corporation of Jamaica (PCJ) is the island's third onshore live oil seep. PCJ said in a release yesterday...
News

Georgetown, Aberdeen Chambers sign MoU at Offshore Europe

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The Georgetown Chamber of Commerce and Industry (GCCI) and the Aberdeen & Grampian Chamber of Commerce signed a Memorandum of Understanding (MoU) on Tuesday, September 3, 2019 at the Society of Petroleum Engineers (SPE) Offshore Europe Conference and Exhibition. President...
News

Liza Destiny helideck gets certification

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On Tuesday, the Floating, Production, Storage and Offloading (FPSO) vessel, Liza Destiny, received its first helideck inspection certificate from the Guyana Civil Aviation Authority (GCAA). A helideck is a platform on a vessel or offshore structure, which allows helicopters to...
News

Industry must adapt or go the way of the dinosaurs – Total CEO tells Offshore Europe

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(Energy Voice) CEO Patrick Pouyanne delivered the keynote address at the opening day of Offshore Europe at the new P&J live venue. The industry heard how climate change is the single greatest challenge facing the industry, jeapordising its license to...
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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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