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TechnipFMC, DOF Subsea announce start of charter contract with Brazil’s Petrobras

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TechnipFMC and DOF Subsea (DOF) announced on Thursday that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8-year charter contract with Petróleo Brasileiro...
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TOTALTEC begins second oilfield training academy with 25 recruits

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- 45 percent of recruits come from sugar and bauxite backgrounds A group of 25 candidates commenced their training on an eight week oilfield operator course at the TOTALTEC Academy in Georgetown. This follows the first successful programme, which graduated 22...
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Brasington bids farewell to Guyana

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ExxonMobil Guyana Senior Director, Public and Government Affairs, Kimberly Brasington’s tenure will conclude at the end of June, after serving a period of three years in the position. She will be taking up a new portfolio in Houston, Texas. https://youtu.be/swGBO3_kJ7g Brasington...
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Guyana vows to honour ExxonMobil deal as countdown to first oil begins

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Speaking at a reception on Tuesday to mark the start of the development phase of Liza Phase 1 in Guyana, the country’s Minister of Natural Resources, Raphael Trotman, said responsible governments do not arbitrarily redefine contract terms with a company...
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Liza Phase 1 development progressing rapidly – ExxonMobil

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The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said on Tuesday. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production...
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Local Content Push: 40 Ghanaian companies to go on UK trade mission for O&G

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Ghana’s Petroleum Commission is leading a delegation of over 40 local companies on a week’s oil and gas trade mission to Aberdeen, Scotland. The goal is to engage with their Scottish counterparts seeking business opportunities in Ghana’s upstream petroleum...
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Repsol, Total in US$324M deal with Algeria’s Sonatrach

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Algerian energy giant Sonatrach on Monday signed a contract worth 324 million U.S. dollars with France's Total and Spain's Repsol for the development of a gas field in the south of the country. Under the contract, Sonatrach holds a major...
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Support for fund to manage billions in oil revenue growing in Guyana – Commonwealth

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The Commonwealth, which has been playing an integral role in helping Guyana to create regulations, policies and legislation for its emerging petroleum industry says support for a fund to manage oil revenue has grown among key stakeholders in the...
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Oil producer Ghana taking steps to curb fuel prices at the pump

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The oil producing West African nation of Ghana is looking to take steps to curb volatility in prices consumers pay at the pump for fuel, amid the rising cost for oil on the global market. According to a Bloomberg report,...
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Guyana urged to avoid poor governance, bad investments of oil revenue

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The resource curse, sometimes referred to as the paradox of plenty, afflicts a number of resource-rich countries around the world, and with the coming of oil, Guyana is becoming increasingly aware of the dangers associated with this scourge. In addition...
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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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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