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Guyana President stresses ‘people before profits’ at UN meeting in Kenya

OilNOW -
Guyana’s President, David Granger, told those gathered at the United Nations Environment Assembly in Nairobi, Kenya on Monday that people must come before profits in the extractive industry. The Head-of-State also shared a three-pronged approach, geared towards helping small...
News

Guyana preparing ICT sector for “economic leaps and bounds” – Telecoms Minister

OilNOW -
Guyana’s Minister of Public Telecommunication, Cathy Hughes, says Information Communication Technology (ICT) has become the main ingredient for development globally and the South American country will be moving to ensure that the ICT sector is prepared for the emerging...
News

After 2.5 billion barrels Eagle Ford has more oil coming

OilNOW -
(Hart Energy) Mark Twain would appreciate irony in the Eagle Ford Shale, where rumors of the play’s impending exhaustion are greatly exaggerated. The Eagle Ford has produced 2.5 billion barrels (Bbbl) of oil and will generate another 2.1 Bbbl, according...
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Mega oil & gas reserves detected…but on Saturn’s moon

OilNOW -
Saturn's orange moon Titan has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth, according to data from NASA's Cassini spacecraft. The hydrocarbons rain from the sky, collecting in vast deposits...
News

Statoil delivers $5.9B plan for Arctic Johan Castberg Project

OilNOW -
Statoil and partners have delivered to Norwegian authorities a $5.9 billion development plan for their massive Arctic Johan Castberg oil discovery, having halved costs for the project that now has a $35-per-barrel breakeven price. The development, which Statoil calls the biggest...
News

Restrictive local content measures can hurt oil companies – British High Commissioner

OilNOW -
British High Commissioner to Guyana, Greg Quinn, believes careful consideration must be given to the establishment of guidelines for the use of local content in the oil & gas industry since measures which are too restrictive can serve to...
News

Don’t blame oil companies; hold gov’t accountable – Foreign Affairs Minister

OilNOW -
Guyana’s Minister of Foreign Affairs, Carl Greenidge, says the Government has a responsibility to ensure monies collected from oil companies are spent in the best interest of the country and failure to hold companies accountable must be placed at the...
News

TechnipFMC, Samsung awarded US$4.2B by Bahrain Petroleum Company

OilNOW -
TechnipFMC said on Monday it has been awarded a US$4.2B contract, jointly with Samsung Engineering and Tecnicas Reunidas, from Bahrain Petroleum Company (Bapco) for the Bapco Modernization Program (BMP). TechnipFMC awarded Subsea Contract for Liza deep water project The project is located...
News

Total to expand oil and gas activities in Angola

OilNOW -
Total SA (FP.FR) said on Monday that it has signed several agreements with Angola's national oil company Sonangol, covering oil-and-gas exploration, production, refining and processing activities in the country. Following the agreements, Total and Sonangol will jointly restart deep offshore...
Exploration

ExxonMobil acquires deepwater blocks offshore Mauritania

OilNOW -
ExxonMobil (NYSE: XOM) affiliate ExxonMobil Exploration and Production Mauritania Deepwater Ltd. has signed production-sharing contracts with the government of Mauritania for three deepwater offshore blocks. Blocks C22, C17 and C14 are located an average of 200 km (124 miles) offshore...
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Letter-to-the-Editor: The oil and gas sector is investing in the success of our younger generation

Dear Editor, I read recently that 20 Guyanese cadets were awarded the Noble Marine scholarship, a program aimed at strengthening...

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