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Keppel delivers 5th FPSO for MODEC; to be deployed offshore Brazil

OilNOW -
Keppel Offshore & Marine's wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore)...
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Economist urges Guyana not to use oil money for “make-work jobs”

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Trinidadian Economist, Dr. Roger Hosein, is urging Guyana not to use oil revenue to create “make-work jobs” especially at elections time when politicians look to induce voters in order to secure their support.  The act of the State intervening...
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Total to acquire Maersk Oil

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Maersk Oil will become part of a leading global oil and gas operator with a long-term investment interest in the sector. Total will take over Maersk Oil’s entire organisation, portfolio, obligations and rights with minimal pre-conditions. Planned development schedules...
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Exxon bets on Brazil; buys 10 oil blocks in auction

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(Reuters) - Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday, winning 10 blocks in the country’s 14th round of bidding for oil exploration and production rights, helping the cash-strapped nation fetch a record 3.8 billion reais...
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Exxon adds 22,000 acres to Permian Basin resource

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Exxon Mobil Corporation announced Wednesday that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and...
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Keppel snags FPSO conversion contract for Liza Destiny

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Keppel Shipyard Ltd. has been awarded a contract by Dutch floater specialist SBM Offshore for the conversion of the Floating Production Storage and Offloading vessel (FPSO) which will be deployed to the Liza field, 193km offshore Guyana in 2019. The...
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Guyana to set up portal for oil & gas opportunities

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Guyana’s Ministry of Foreign Affairs will soon establish a portal on its website that will allow persons in the Diaspora to see what opportunities are available to them in the oil and gas sector from ExxonMobil. Speaking during a Diaspora...
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IDB will not support major projects without sound EIA – Executive Director

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Inter-American Development Bank (IDB) Executive Director Jerry Butler says the multilateral financial agency will not support any infrastructural project, including those in the oil and gas sector, in the absence of a comprehensive Environmental Impact Assessment (EIA) study. Butler was...
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Guyana must decide where it wants to be when oil wells run dry – Nigel Hughes

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Founder member and Director of the Guyana Oil & Gas Association (GOGA), Nigel Hughes says serious thought must be given as to where the South American country would like to be by the time oil runs out and the private...
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Supermajor Total in new Option Agreement with Eco for 25% interest in Orinduik Block

OilNOW -
Toronto, Ontario (FSCwire) - Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V:EOG), is pleased to announce that its subsidiary, Eco Atlantic (Guyana) Inc. has entered into an option agreement  on its Orinduik Block, offshore Guyana, with Total E&P...
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Ministry of Labour conducts OSH inspection on Liza Unity FPSO

Guyana’s Ministry of Labour's Occupational Safety and Health (OSH) Department conducted a detailed inspection aboard the Liza Unity floating,...

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