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Ramnarine urges caution in oil production forecasts

OilNOW -
Former Trinidad and Tobago Minister of Energy and Energy Affairs, Kevin Ramnarine, says predicting how oil reservoirs will behave is often difficult and this along with other factors can impact projected daily output. As such, he believes that it...
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SBM awarded contract for second Liza FPSO in Guyana

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SBM Offshore said Tuesday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the...
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ExxonMobil in US$10M collaboration with Conservation International, UG

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ExxonMobil Foundation said today that it will contribute US$10 million to a new collaboration with Conservation International and the University of Guyana to train Guyanese for sustainable job opportunities and to expand community-supported conservation. The investment is also intended to...
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Liza sub-sea contractor gets EPC job for Zinia development

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TechnipFMC has been awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 and 1,000 meters. The contract covers the Engineering, Procurement and Construction of subsea equipment...
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Venezuela & Trinidad fail to come to agreement on gas supply

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Ministers of Venezuela and Trinidad & Tobago met in Caracas this week in an effort to hammer out a contract to send gas from Venezuela's Dragon Field to Trinidad for conversion into LNG so that it can be shipped...
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Guyana legal team preparing for next submission at ICJ as court considers matter of jurisdiction

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The International Court of Justice (ICJ), as part of a formal process in the first stage of proceedings, will study the question of jurisdiction regarding the Guyana-Venezuela border controversy case currently engaging its attention. The oil-producing nation of Venezuela announced...
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Total in exclusive negotiation alongside EDF for sale of stake in Dunkerque LNG terminal

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Total has decided to enter into an agreement to sell its 9.99% stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01%) earlier this year. At the completion of the transactions two...
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Hess sells off interest in Utica shale to help fund Guyana, Bakken projects

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Hess Corporation (NYSE:HES)  announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. “We continue to focus our...
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Pence urges Latin American countries to isolate Venezuela

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(Reuters) - U.S. Vice President Mike Pence urged Latin American countries on Thursday to help isolate crisis-stricken Venezuela, an ideological adversary of Washington that is struggling under a severe and prolonged economic crisis. Pence met with Ecuadorean President Lenin Moreno...
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Public consultation on Liza Phase 2 EIA to start soon in Guyana

OilNOW -
ExxonMobil has submitted its draft Environmental Impact Assessment for the Liza Phase 2 development project to the Environmental Protection Agency in Guyana and a series of public consultations on the document is expected get underway by mid-July. “There’s a 60-day...
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An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...

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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