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Shell and CNOOC account for bulk of Mexico’s deepwater investments

OilNOW -
(S&P Global) Deepwater projects took the bulk of the exploration investments in Mexico during the third quarter as private companies ramp up activities. Two exploration projects from Shell and one from China National Offshore Oil Corporation located in the deepwater...
News

Brazil’s Petrobras boosts 2020 production outlook

OilNOW -
(Reuters) - Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore fields. Petroleo Brasileiro SA, as the firm is formally...
News

Peterson and OneSubsea bag contract for Matapal project in Trinidad and Tobago

OilNOW -
Leading international energy logistics provider Peterson has confirmed a project logistics services contract with OneSubsea to support their work on the Matapal project in Trinidad and Tobago. The contract award will see Peterson deliver turnkey logistics support to OneSubsea for...
News

CDC modelling shows no direct impact to Guyana if oil tanker spills cargo in Gulf of Paria

OilNOW -
The Civil Defence Commission (CDC) in Guyana said on Tuesday evening that several analyses and modelling were conducted of the potential threat of an oil spill from the FSO NABARIMA (bearing Venezuelan flag) which is listing with 173,000 tons...
News

Venezuela state oil company plans to offload crude from vessel under threat of sinking near T&T

OilNOW -
(Marine Link) Venezuelan state oil company Petroleos de Venezuela (PDVSA) plans to offload crude from the Nabarima floating oil facility via ship-to-ship (STS) transfer amid environmental concerns, two people familiar with the matter said on Monday. The Nabarima, part of...
News

Guyana, Caribbean agencies monitoring Venezuelan oil tanker on verge of sinking near Trinidad & Tobago

OilNOW -
The Civil Defence Commission (CDC) in Guyana and the Caribbean Disaster Emergency Management Authority (CDEMA) are closely monitoring a Venezuelan-flagged tanker anchored in the Gulf of Paria near Trinidad and Tobago, which is under threat of spilling 1.3 million...
News

Oceaneering bags BOP tethering services contract from Brazil’s Petrobras

OilNOW -
Oceaneering International Inc. announced Tuesday that it has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year. The scope of work includes data acquisition...
News

Maka, Sapakara appraisal plans submitted as Suriname edges closer to offshore development

OilNOW -
The appraisal programmes for Suriname’s first two deepwater discoveries have been submitted to state oil company Staatsolie as the South American country looks to forge ahead with development of its offshore oil resources. Suriname’s first offshore discovery at the Maka...
News

BP hits first gas at Phase 2 of Block 61 development in Oman

OilNOW -
BP announced on Monday that production has begun from its Block 61 Phase 2 Ghazeer gas field in Oman, 33 months after the development was approved. The company said Ghazeer was initially expected to come into production in 2021. The...
Exploration

Petronas spuds first well offshore Suriname

OilNOW -
Malaysian oil and gas company Petronas has spudded its first well - Sloanea-1 - offshore Suriname at Block 52 where it has farm-down 50% of its interest to US oil major ExxonMobil. Denmark-based drilling rig operator Maersk Drilling is carrying out...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana earned US$2.57 billion from oil in 2024

Guyana received US$2.57 billion (GY$536 billion) in oil revenue in 2024, based on monthly and quarterly reports of the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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