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86 subsea tree awards anticipated in H2 2023, H1 closes with 196 – Westwood

OilNOW -
The first half of 2023 closed with 196 subsea tree awards, according to new data by Westwood Global Energy Group, released on August 14. The industry's gaze now turns to the remaining months of 2023, when the anticipation of...
Opinions

Good things ahead: An industrial-scale solution for carbon emissions

OilNOW -
By Dr. Lorraine Sobers - OilNOW Guyana’s Petroleum Activities Bill, passed recently in Parliament underscores Guyana’s commitment to maintain its status as a net carbon sink—a country that eliminates more carbon dioxide emissions than it produces. Guyana has been a...
News

Guyana government agreed to unitise Exxon’s Liza, Payara fields

OilNOW -
Guyana’s Minister of Natural Resources has revealed that the government agreed to let Exxon unitise the Liza and Payara fields, a step to allow a floating production, storage and offloading (FPSO) vessel from one field to tap oil from...
News

Saipem secures US$700 million worth of contracts from Eni and BP

OilNOW -
Italy's Saipem, a leading engineering, drilling, and construction services company, continues to make waves in the energy sector with its recent contract wins. In the span of two days, the company has secured its third contract this month. The...
Energy Insights

The implications of Tullow’s Orinduik departure

OilNOW -
Tullow Oil has decided to sell its stake in the Orinduik Block, located offshore Guyana. At first glance, one might perceive this to indicate a lack of confidence in the prospectivity of the Orinduik Block. However, upon closer inspection,...
News

Founder of Guyana’s first 100% locally-owned manpower services company steps down

OilNOW -
In a pivotal move that ushers in a new chapter for Strategic Recruitment Solutions Inc. (SRSGY), Kerri Gravesande-Bart, the trailblazing leader behind the brand, has revealed her decision to sell her shares and step down from her role as...
Exploration

Canada-based exploration company targeting ‘multi-hundred million’ payloads at Guyana block   

OilNOW -
A Canada-based oil and gas company is targeting a multi-hundred million barrel stacked pay opportunity at the Orinduik Block, offshore the South American country of Guyana. The exploration company - Eco (Atlantic) Oil & Gas Ltd. - said its...
News

Guyana lawmakers pass landmark Petroleum Bill in marathon session of Parliament 

OilNOW -
Following an intense seven-hour-long debate, Guyanese lawmakers on August 9 passed the Petroleum Activities Bill which replaces the country’s Petroleum (Exploration and Production) Act of 1986. Natural Resources Minister, Vickram Bharrat who introduced the Bill to the House, underscored...
News

Tullow walks away from South America’s hottest basin

OilNOW -
Tullow Oil Plc (Tullow) announced its decision to divest its complete stake in Tullow Guyana B.V. (TGBV) which encompasses the Orinduik licence in the South American country. The sale will be conducted with Eco Guyana Oil and Gas (Barbados)...
News

Guyanese company to set up waste transport service for oil sector

OilNOW -
Asif Auto Imports, a Guyanese vehicle retailer, is on the verge of making a stride into waste transport. They are set to establish a dedicated waste transport service tailored for the thriving oil industry in Guyana. Owner, Asif Zafarali,...
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CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...

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