By Dr. Lorraine Sobers - OilNOW There are two types of people: those who accept and adopt new technology before it becomes mainstream and those who wait for the hype to die down. The energy sector has its fair share...

Subsea7 said it was awarded a sizeable contract by Shell for the decommissioning of subsea infrastructure in the Campos basin offshore Brazil, in a November 20 update.  Subsea7 awarded major contract amendment for Petrobras’ Mero 4 field development  | OilNOW Subsea7’s...

Chevron’s recent takeover of Hess has major implications for Guyana’s oil industry and its blossoming economy, according to Americas Market Intelligence (AMI) Director of Energy Practice, Arthur Deakin. For instance, Deakin foresees an uptick in the wells planned for...

A high-level delegation from Petronas recently convened discussions with the Suriname government to detail plans for a potential project at its offshore block 52.  A report from Barbados NationNews said that Petronas executives disclosed intentions to undertake further exploration drilling...

DOF has secured substantial contracts in the maritime industry, with deals involving both Subsea7 and Maersk Supply Service. The company sealed a deal with Subsea7 for the time charter of the Skandi Acergy, a construction vessel boasting a 400-ton crane,...

Guyana’s Minister of Natural Resources Vickram Bharrat recently announced that Bayphase, an international oil and gas consultancy firm, is reviewing ExxonMobil's Field Development Plan (FDP) and Environmental Impact Assessment (EIA) for its sixth Stabroek block development.  Bharrat said that the...

ExxonMobil Guyana Limited (EMGL) is gearing up to engage suppliers for the provision of another set of onshore and offshore services as part of its operations in the Stabroek license area. According to public requests for information (RFIs), the company...

Stena Drilling has made a groundbreaking achievement with its DrillMax rig, completing an unprecedented 17 back-to-back holes in the deepwaters offshore Guyana. This remarkable feat marks the largest number of back-to-back top holes ever drilled by a Stena Drilling...

Eco Atlantic Oil & Gas Ltd. has garnered approval from Guyana’s Minister of Natural Resources for its acquisition of a 60% interest in the Orinduik block from Tullow Oil. This development stems from an agreement made in August between...

By Arthur Deakin - OilNOW The recent merging of oil and gas companies in the U.S. indicates that energy majors see a long-term future for specific hydrocarbons in the energy transition. Chevron’s announcement of their US$53 billion all-stock acquisition...