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BP records strongest quarter in 5 years

OilNOW -
BP Plc shares rose to the top of the FTSE 100 Tuesday after the U.K. oil major posted its strongest quarterly profit in five years following the "transformational" acquisition of BHP Biliton's BHP U.S. shale assets earlier this year. BP said underlying...
News

Nigeria heads to sea in search of future for oil producers

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(Bloomberg) When it comes to the future of its oil industry, Nigeria is looking miles out to sea. By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath...
News

Noble Tom Madden arrives in Guyana

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The Noble Tom Madden drillship arrived offshore Guyana on Friday. The 752 ft vessel was contracted by ExxonMobil Guyana to undertake exploration activities in the 6.6 million acres Stabtoek Block where a record 9 discoveries have already been made,...
News

Petrobras-led group drills first well in Peroba subsalt area

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A consortium of Petrobras, BP Energy and CNPC has started drilling its first well in the offshore Brazil Peroba subsalt area, Petrobras said Friday. According to an S&P Global Platts report, the group acquired the area during Brazil's third subsalt...
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Trinidad set to offer 8 blocks in November bid round

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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

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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...
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Petrobras fires up new Lula oil platform offshore Brazil

OilNOW -
(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

OilNOW -
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...
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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...

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