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SBM Offshore gets ‘Best Oil Platform Operations’ award from Brazil’s Petrobras

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Dutch floater specialist SBM Offshore, operator of the Liza Destiny FPSO in Guyana, has received the ‘Best Oil Platform Operations’ award from Brazil’s state oil company, Petrobras. The accolade was given as part of Petrobras’ 2019 best suppliers awards exercise,...
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Pandemic brings new oil reality; some governments will offer better terms – Wood Mackenzie

OilNOW -
Governments, particularly those in economies dependent on the oil industry are looking to do their part by ensuring exploration and production activities remain economically feasible in an era where fiscal stress continues to be high, brought on by the...
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SBM Offshore marks first year of oil production operations in Guyana

OilNOW -
SBM Offshore, builder and operator of the Liza Destiny FPSO has entered the first year of oil production offshore Guyana at the ExxonMobil-operated Stabroek block. The Liza Destiny FPSO is the first oil production vessel to be deployed to...
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Gas to power project: outsiders always say it’s too expensive, you can’t do it

OilNOW -
The proposed gas to power project in Guyana can potentially have the single most transformative impact on the new oil producing country, promising significant benefits to the population. Most notable is that there are no technical barriers that prevent...
News

Scale of investments needed to develop oil fields beyond Guyana’s capabilities – Vice President

OilNOW -
The role of international companies in the development of Guyana’s oil and gas industry is vital if the vast hydrocarbon resources discovered off the country’s coast are to be developed. Vice President, Bharrat Jagdeo, says the objective must be...
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Monitoring crude lifts was part of major focus for Guyana standards bureau this year

OilNOW -
The Guyana National Bureau of Standards (GNBS) says 2020 has been a successful year ranging from its responsibility to monitor the million-barrel oil lifts offshore to prepping companies onshore for opportunities in the oil and gas sector. According to a...
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TechnipFMC seeking contractors for warehouse facility in Guyana

OilNOW -
Global oil and gas company TechnipFMC is expanding its operations in Guyana where it has been providing subsea production systems for the offshore developments at the prolific Stabroek block. The company recently published a notice inviting contractors to submit Expression...
News

Vaccination roll-out will not immediately reverse oil demand destruction, IEA warns

OilNOW -
The International Energy Agency (IEA) on Tuesday warned that the roll-out of the coronavirus vaccine will not have an immediate impact on the destruction on global demand for oil. “The understandable euphoria around the start of vaccination programmes partly explains...
News

EU joins calls for diversified economy as Guyana’s O&G sector balloons

OilNOW -
European Union Ambassador to Guyana Mr. Fernando Ponz Canto has joined the call for the South American country to diversify the economy and ensure that it does not become reliant on just the oil and gas sector. He made these...
News

Guyana to be centre of drilling activity in ‘great ramp up’ of this decade – Kevin Ramnarine

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New oil producer Guyana is on an unprecedented growth trajectory that will see a rapid increase in aggregate demand for goods and services in the economy this decade which means the South American country must ensure it has the...
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Spain-bound tanker departs Guyana with second Yellowtail cargo – OilX

The Nordic Zenith tanker has departed ExxonMobil Guyana’s ONE GUYANA floating production vessel with the second cargo of crude...

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