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Stabroek discoveries derisking Orinduik block – Eco Atlantic CEO

OilNOW -
Rapid discoveries being made by US oil major ExxonMobil in the prolific Stabroek Block offshore Guyana are playing a key role in derisking the Orinduik Block, according to the CEO of Eco Atlantic Oil & Gas, Gil Holzman. Eco Atlantic...
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First 100% Guyanese-owned human resource company to service O&G industry launched

OilNOW -
The first human resource company with 100% Guyanese ownership servicing the South American country’s emerging oil and gas industry was officially launched on Friday in Georgetown. Strategic Recruitment Solutions Inc. (SRSGY) is currently providing human resource services to three of...
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Liza Phase 2 tops list for South America’s 2019 greenfield investments

OilNOW -
South America has always been an important playing field for the oilfield service industry. As Brazil is turning more positive towards the international service players, Guyana is stealing some of the thunder as the country is emerging as an...
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Next OPEC headache is Brazil’s burgeoning crude production

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(Bloomberg) When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market. The mammoth facility -- long and wide enough...
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Taking advantage of opportunities in Guyana’s oil and gas sector

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- Hemichand Morgan talks about life at sea When you are the father of four children under 10 years old, being unemployed with no job in sight can stretch your endurance to the limit. Not long ago, Guyanese, Hemichand Morgan, was...
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Eco Atlantic contracts Stena Forth for Guyana drill campaign

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Eco (Atlantic) Oil & Gas Ltd. (aim:ECO)(EOG), along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V. (Operator), has contracted a rig, the Stena Forth, a sixth-generation drillship from Stena Carron...
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TechnipFMC, DOF Subsea announce delivery of Skandi Olinda and start of Contract with Petrobras

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TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) and DOF Subsea (DOF) announce that the Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), has commenced its 8-year charter contract with...
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PDVSA denies reports of Gazprombank freezing its accounts

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Russian news agency TASS is reporting that Venezuelan state-owned oil company PDVSA (Petroleos de Venezuela) “has denied Sunday reports that the Russian Gazprombank had decided to freeze its accounts.” PDVSA reportedly made the statement on its Twitter account. "PDVSA categorically denies...
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Repsol makes significant gas discovery in Indonesia

OilNOW -
Indonesia's upstream regulator SKK Migas has announced a significant gas discovery by a Repsol-led consortium at Sakakemang PSC onshore Central Sumatra. Wood Mackenzie's Research Director Andrew Harwood provides the following commentary: "Repsol's Kali Berau Dalam-2 well re-entered after well control problems...
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Liza Unity will follow Destiny in Guyana oil bonanza

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The Liza Unity Floating Production Storage and Offloading vessel, the first of its kind produced by SBM Offshore using its Fast4WardTM programme, is expected to closely follow the Liza Destiny which will begin producing oil for Guyana by 2020. The Unity...
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Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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