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Brazil’s 17th bid round disappoints with only 5 of 92 blocks sold

OilNOW -
Big international oil companies such as ExxonMobil, BP and Equinor opted not to participate in Brazil’s 17th bid round as the global pandemic rages on and the energy transition curbs investor enthusiasm. Brazil sold just five of the 92 blocks...
News

Guyana has 3rd highest crude oil reserves in Latin America-Caribbean region

OilNOW -
New oil producer Guyana has been rapidly adding barrels to its discovered resources since 2015 catapulting the country to the number three position for proven oil reserves in the Latin America-Caribbean region. Crude oil reserves in Venezuela amounted to nearly...
Opinions

Guyana and Suriname: the role of emerging oil markets on the path to net zero

OilNOW -
By Arthur Deakin – OilNOW This year, the world has become increasingly aware of a global energy shortage as well as the irreversible damages of climate change. Throughout Europe, gas prices have tripled due to a fall in inventory meeting...
News

Today marks 122 years since the boundary between Guyana and Venezuela was fixed

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By Guyana’s Ministry of Foreign Affairs and International Cooperation October 3 is a special day to Guyana and to Venezuela. It is special to the rule of law internationally. It is special to peace and justice worldwide. 122 years ago, on...
Exploration

Disappointment at Suriname’s Block 58 as Keskesi fails to deliver commercial oil

OilNOW -
APA Corporation announced on Wednesday the results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest. Keskesi South-1, drilled...
News

Fugro completes one of its largest geohazard programmes in the region at Block 58

OilNOW -
Fugro has finalised fieldwork on a site investigation programme for TotalEnergies off the north-west coast of Paramaribo in Block 58 of the Guyana-Suriname Basin. The project sits approximately 150 km offshore in water depths ranging from 60 m to 2100...
News

Builder of Guyana FPSOs completes US$635 million loan for giant Brazil floater

OilNOW -
Dutch floater specialist SBM Offshore announced Thursday that it has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The facility was secured by the special purpose company which will own FPSO Almirante Tamandaré....
Exploration

Touchstone makes major discovery in Trinidad at deepest exploration well to date

OilNOW -
Touchstone Exploration Inc. announced on Friday that it has completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Royston-1 was drilled to a total...
News

Rome court says no to extradition of Venezuela ex-oil czar

OilNOW -
(AP) — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption charges, citing the country’s record in violating human rights, his Italian lawyer said Monday. Rafael Ramirez, the longtime head of...
News

International players no longer see an upside in Venezuela oil projects – GlobalData

OilNOW -
Two international oil and gas players in Venezuela, TotalEnergies and Equinor, recently divested their respective 30.32% and 9.67% interest in the largest project, Petrocedeno, to the state-owned Petróleos de Venezuela S.A (PDVSA) company. According to GlobalData, this means that...
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SBM Offshore subsidiary seeks local suppliers for coverall production

Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, has issued a Request for Information (RFI) to...

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