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Saipem awarded offshore contract variations worth $900M

OilNOW -
Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean...
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MSG members call for responsible media reporting on oil & gas in Guyana

OilNOW -
As the conversation on Guyana’s emerging oil and gas industry begins to take center-stage, stakeholders, while recognizing the critical role of the media in keeping the public informed, are calling for more responsible reporting. Members of the Guyana Extractive Industries...
News

As Venezuela spirals US oil confronts a $10b threat

OilNOW -
From New Jersey down to Texas, oil companies have come to depend on crude-soaked Venezuela to feed their massive refineries The tanker Paramount Helsinki docked in Pascagoula, Mississippi, last week bearing the lifeblood of Chevron Corp’s refinery there: 532,000 barrels...
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Class action lawsuit filed against TechnipFMC

OilNOW -
(GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE:FTI) and certain of its officers.   The class action, filed in United States District Court, Southern District of...
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Venezuela could try to use details in petroleum contract to jeopardize production – Source

OilNOW -
The contract and agreements for the development and production of hydrocarbon resources offshore Guyana may have as much as 1,000 clauses, one or more of which Venezuela could try to use to jeopardize the entire contract, and in so doing, oil...
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Civil society must position itself to play watchdog role – Canadian High Commissioner

OilNOW -
One of the key factors which can ultimately contribute to Guyana’s success as an oil and gas producing nation, is a vibrant and well informed civil society. Outgoing Canadian High Commissioner to Guyana, Pierre Giroux, believes that much more...
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Sinister efforts afoot to gain access to petroleum contract, documents – Trotman

OilNOW -
Even as Guyana continues to approach the disclosure of its agreement with US super-major ExxonMobil for the development and production of petroleum with caution, sinister moves appear to be afoot by others, to gain access to these documents, disclosed...
Exploration

$620B in oil & gas projects may be deferred through 2020 – Deloitte

OilNOW -
The impact of the extended oil price downturn will likely have long-term effects on the industry in a number of areas including capital allocation and people, according to multinational professional services firm, Deloitte Touche Tohmatsu Limited. In describing 2017 as...
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We are not writing legislation…we review when asked – US Ambassador to Guyana

OilNOW -
United States Ambassador to Guyana, Perry Holloway, says the South American country continues to receive assistance from the US in its preparation for oil production come 2020, but even this assistance has certain limitations. During a recent interview with OilNOW,...
News

Scientists turn to big data in hunt for minerals, oil and gas

OilNOW -
OSLO (Reuters) - Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday. The method...
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Exxon now controls deepwater asset larger than surface area of TT 

Trinidad and Tobago’s Minister of Energy and Energy Industries, Roodal Moonilal, today announced the signing of a “historic” Production...

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