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SeaRose FPSO operations suspended in Canada

OilNOW -
(Maritime Executive) The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has suspended operations at Husky Oil Operations' SeaRose FPSO after investigation into an incident last year when an iceberg entered the vessel's 0.25 nautical mile Ice Exclusion Area. The SeaRose FPSO is located in...
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Norway hands out 75 new production licenses in record breaking round

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(Rigzone) Thirty-four companies have been offered a total of 75 new production licenses on the Norwegian Continental Shelf (NCS), in a record breaking APA (Awards in Pre-defined Areas) round. “Never before have this many production licenses been awarded in an...
Exploration

ExxonMobil signs deal for deepwater oil exploration off Ghana

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(Reuters) - Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana and Exxon Mobil without an open competitive tender...
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Motivated by Exxon’s discoveries; Tullow Oil, Eco Atlantic eyeing Orinduik Phase Two

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Exploration partners Tullow Oil plc and Eco (Atlantic) Oil & Gas Ltd have decided to move the Orinduik project, offshore Guyana, into Phase Two of its license, committing to a new programme of seismic exploration to gather at least...
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GIPEX 2018 Launched: Major players in the O&G industry slated to participate

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Guyana will next month host a number of the world’s largest petroleum companies as the South American nation prepares to run its inaugural Guyana International Petroleum Business Summit and Exhibition (GIPEX) 2018. Built as the premier confab to promote the networking...
Exploration

Exploration to increase in 2018 but investment constraints remain

OilNOW -
(Rigzone) Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment. That is the view of oil and gas analysts at BMI Research, who highlighted that a recent...
News

Guyana invites Qatar to invest in its O&G sector

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As international momentum continues to build as it relates to Guyana’s emerging oil and gas industry, the South American nation continues to forge international partnerships - the latest being with Qatar, an established oil producing State. On Wednesday, Guyana’s Head-of-State, President...
News

Signature petroleum summit to be officially launched today in Guyana

OilNOW -
The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX) 2018 will be officially launched today at a press conference being held at the Marriott Hotel in Georgetown. The country’s Minister of Natural Resources, Raphael Trotman, will launch GIPEX 2018,...
News

Gulf of Mexico could pump record oil in 2018 – Wood Mac

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(Chron) Oil and gas production could reach an all-time high in the deep waters of the Gulf of Mexico this year as companies cut costs and spend less on exploration. Deepwater output in the Gulf could climb to 1.9 million...
News

Bauxite Company says not enough natural gas available for smelter – Trotman

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Bauxite company Bosai Minerals Group (Guyana) Inc. has indicated that the quantity of natural gas that would be available when oil production begins in 2020 is inadequate to power a smelter. The South American nation’s Natural Resources Minister, Raphael Trotman...
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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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