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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

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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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ExxonMobil, partners strike oil and gas in North Sea

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ExxonMobil and partners Equinor, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic metres of oil equivalent,...
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Oil to shore can be a “magnet for corruption” – Bloomberg column warns

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An opinion piece by Bloomberg columnist, Mac Margolis, published on Tuesday, November 5, outlines a number of observations and recommendations for South America’s newest oil and gas hotspot - Guyana, on how the country can best navigate the road...
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CGX Energy pursuing deep water port facility in Guyana

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CGX Energy Inc. through its wholly owned subsidiary Grand Canal Industrial Estates Inc. (GCIEI) has made a request for proposals for the provision of infrastructure services as part of the construction of a deep-water port facility at Crab Island...
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Guyana, Ghana companies partnering to supply workers for offshore rigs

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Ghana headquartered Unicon Western Engineering Services –a subsidiary of Unicon Western Holdings –has teamed up with a Guyanese company, Amazonia Expert Services Limited, to launch UNICON Guyana Inc. (UGI). UGI will be responsible for recruiting and training labourers for work...
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Guyana oil development bringing new discoveries of wildlife

OilNOW -
Exploration activities offshore South America’s lone English-speaking country – Guyana - have so far unearthed billions of barrels of crude. The environmental studies being conducted for the development of these oil fields are also discovering something else - new...
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Hess sees ‘excellent potential’ at Suriname’s Block 42

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Hess corporation sees great potential in the offshore Suriname basin where preparations are underway to ramp up the search for hydrocarbons in the Dutch-speaking South American country. Speaking on the company’s Q3 earnings call on October 30, CEO John Hess...
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Kosmos Energy makes discovery in Equatorial Guinea

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Kosmos Energy has made an oil discovery offshore Equatorial Guinea the country’s Ministry of Mines and Hydrocarbons announced on Sunday. The S-5 well was drilled at a total depth of 4,400 meters and encountered 39 meters of net oil play...
News

Saudi Aramco IPO: World’s most profitable company to go public

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(BBC) Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO). The state-owned oil giant will determine the IPO launch price after registering interest from...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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