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Trinidad set to offer 8 blocks in November bid round

OilNOW -
Trinidad and Tobago will put up 8 blocks in a new shallow water bid round set to take place in November. According a report in the Guardian, this was confirmed by Permanent Secretary in the Ministry of Energy and...
Exploration

Guyana Orinduik Block explorers looking to add additional well in 2019

OilNOW -
The partners in the Orinduik Block, offshore Guyana;Tullow (Operator), Total Petroleum SA, and Eco (Atlantic) Oil & Gas Ltd., are in discussions to accelerate their work programme and to consider adding an additional well in 2019. In an update released...
News

Petrobras fires up new Lula oil platform offshore Brazil

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(Hart Energy) State-controlled oil company Petroleo Brasileiro, also known as Petrobras, said on Oct. 24 it had started production on its eighth platform in the offshore Lula Field, Brazil's most productive, as it ramps up output from the Santos...
News

Total’s Q3 profits soar on record production and high oil prices

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(Reuters) - French oil and gas major Total raised its production growth target for 2018, after a new record output and high oil prices during the third quarter enabled it to report its highest net income in a quarter...
News

GCCI inaugural Energy Forum being staged today

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The Georgetown Chamber of Commerce and Industry’s (GCCI) inaugural Energy Forum will be held today at the Symposium Duke Lodge in Guyana’s Capital, Georgetown. The event will examine the challenges being faced in the provision of affordable and reliable...
News

Guyana contingent set to visit Europe O&G capital in search of partnerships

OilNOW -
A group of business representatives from Guyana, under the umbrella of the Georgetown Chamber of Commerce and Industry (GCCI), will soon be travelling to Aberdeen, United Kingdom, on a mission to explore partnership opportunities in the petroleum industry. The trade...
News

New oilfield services company launched in Guyana

OilNOW -
A new Oilfield Services company was on Wednesday afternoon launched in Georgetown Guyana, through a partnership between locally owned Mines Services Limited, TOTALTEC and Trinidadian Process Components Limited. The company, Jaguar Oilfield Services Guyana, Inc. will be providing products and...
News

Avoid plugging oil revenue into manufacturing; invest in education, health and infrastructure instead – Consultant urges

OilNOW -
The recently released Green Paper on Guyana’s Natural Resources Fund has put in place a sturdy policy foundation for the management of the South American country’s oil revenues. This is the view of a consultant at the Natural Resource...
News

ExxonMobil applying ‘Build Operate Transfer’ model for Liza Phase 2 FPSO

OilNOW -
The Build Operate transfer (BOT) model is being applied by ExxonMobil in Guyana on its high-profile Liza Phase 2 FPSO project. Given government approval, SBM Offshore will conduct fabrication, installation, lease and operation of the Liza 2 FPSO for...
News

Saudi Arabia signs deals worth $50 billion in oil, gas and infrastructure

OilNOW -
(Reuters) - Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said. Details were announced at the Future Investment Initiative, held in Riyadh...
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Guyana and Lindsayca/CH4 to arbitrate GtE contract dispute 

The Government of Guyana (GoG) and Lindsayca/CH4 (LNDCH4) in a statement today said it will proceed to arbitration over...

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