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With resources topping 17 billion boe, Guyana-Suriname Basin boosting Noble earnings

OilNOW -
Contract drilling services revenue earned by Noble Corporation for the second quarter of 2022 totalled US$262 million compared to $195 million in the first quarter, it reported Monday. Noble said marketed fleet utilisation was 85% in the three months ended...
News

Touchstone’s Cascadura project moves closer to approval

OilNOW -
Trinidad and Tobago’s Environmental Management Authority (EMA) has received the full Environmental Impact Assessment (EIA) for Touchstone Exploration’s Cascadura onshore gas project. The EIA supports the company's application for a Certificate of Environmental Clearance (CEC) to carry out its development...
News

Fire at Cuba oil facility spreads as 3rd tank ignites

OilNOW -
HAVANA (AP) — A deadly fire that began at a large oil storage facility in western Cuba spread Monday after flames enveloped a third tank that firefighters had tried to cool as they struggle to fight the massive blaze. At...
News

South America’s offshore production will exceed onshore by 2024

OilNOW -
New wells drilled in South America in 2014 contributed to 8% of new wells globally in the offshore sector and 4% in the onshore. And according to Norway-based Rystad Energy, activity has been on a downward trend since then,...
News

MODEC announces JV to compete for “challenging largescale FPSO projects”

OilNOW -
President and Chief Executive Officer of Modec, Takeshi Kanamori said Friday the company came to an agreement with Toyo Engineering Corporation to establish a joint venture firm for the engineering, procurement and construction and installation (EPC) business of floating...
News

Guyana trade union defends agreement with T&T body, says country can learn from pitfalls

OilNOW -
Following criticism from the Guyana Oil and Gas Energy Chamber (GOGEC) that its recent collaboration with Oilfield Workers Trade Union (OWTU) of Trinidad and Tobago could mean trouble, the Guyana Agricultural Workers' Union (GAWU) has come out to defend itself. While the Chamber...
News

Large number of ships heading to South America, Caribbean with refined products

OilNOW -
(S&P Global Platts) A large fleet of refined product cargoes was en route July 19 to the southern part of South America to fill winter and harvest needs and to the Caribbean to fill summer tourist demand. Platts cFlow ship and...
Exploration

Unlocking potential of Suriname’s 30 billion boe could be transformational – Legal Advisor

OilNOW -
The most striking news to emerge from Suriname’s recently concluded Energy, Oil and Gas Summit (SEOGS) 2022 was uttered by the Vice President of Offshore at Staatsolie, Glenn Corrie – that 30 billion barrels of oil equivalent awaits discovery in the South American nation’s...
News

Anna Nery FPSO in voyage to Brazil

OilNOW -
Petrobras said last Friday that the Anna Nery floating production storage and offloading (FPSO) vessel began its voyage to Brazil, from the Cosco Qidong shipyard in China. The platform is expected to start producing oil in 2023 in the...
News

Rich countries have “no moral authority” to tell Guyana, Suriname, T&T to keep oil in the ground

OilNOW -
The climate crisis has seen wealthy countries that have built and transformed their economies with oil and gas, calling on countries in Africa, South America and the Caribbean, to hold off on developing their hydrocarbon resources. Calls have mounted for...
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U.S. EXIM Bank President says US$526M loan to Guyana is ‘first of many deals to come’

A US$526 million loan to Guyana for its Gas-to-Energy project is the first of many deals to come, an...

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