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Shell, SBM Offshore win OTC Distinguished Achievement Award for Stones Field

OilNOW -
(Oil and Gas Facilities) Shell and SBM Offshore will be presented with the OTC Distinguished Achievement Award in recognition of the successful development of the world’s deepest oil and gas project; the Gulf of Mexico Stones field, using the Turritella FPSO....
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Broad representation of companies at GIPEX 2018 impressive – Alison Redford

OilNOW -
The participation of more than 200 companies and 600 delegates at the just concluded Guyana Petroleum Exhibition and Summit (GIPEX) has been described as “impressive” by former Alberta Premier, Alison Redford. Speaking to OilNOW on the sidelines of GIPEX 2018,...
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Algeria’s Sonatrach, Italy’s Saipem agree to end disputes

OilNOW -
Algeria’s state energy firm Sonatrach and Italian oil firm Saipem signed an agreement on Wednesday to end their legal disputes, company executives said. “It’s a big day for Saipem and for me,” Saipem’s CEO Stefano Cao told reporters. Sonatrach’s CEO Abdelmoumen...
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Venezuela’s main source of cash is dwindling at breathtaking pace

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(CNN Money) The country's oil output in January fell to its lowest level in nearly 30 years, not including a brief oil strike in 2003, according to S&P Global Platts. A monthly OPEC report published Monday revealed Venezuela pumped 1.6...
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Surge in global oil supply may overtake demand in 2018: IEA

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(Reuters) - The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday. The Paris-based IEA raised its forecast for oil demand growth in...
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Guyanese businessman unveils plan for mega O&G shore-base

OilNOW -
Source One Oil & Gas Marine Supplies - a subsidiary of heavy duty machinery company Japarts - has launched an ambitious plan to construct a full service and logistics shore-base facility for oil and gas drilling and exploration activities...
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BP begins production from Egypt’s Atoll gas field

OilNOW -
BP on Monday announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below...
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Guyanese Energy Company teams up with Canadian counterparts in major joint venture

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Newly established Guyanese company; Pandora Energy has entered into a joint venture partnership with Coastal Safety Management Inc. and Safe Work Solutions Inc. of Canada to provide a range of services in the oil and gas industry. The official announcement...
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Change in political leadership should not affect national agenda – Persaud

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Guyana’s former Minister of Natural Resources, Robert Persaud, is calling for a framework to be established that would ensure there is some degree of continuity and consistency when it comes to how long-term goals for national development are treated...
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US to help Jamaica if Venezuela cuts oil

OilNOW -
(Jamaica Observer) United States Secretary of State Rex Tillerson on Saturday assured Jamaica that Washington would assist the Government in overcoming any fallout arising from supporting efforts to promote democracy in Venezuela. Tillerson, who was speaking at a press conference...
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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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