Suriname’s state-oil entity Staatsolie plans to open an auction for nation’s Demerara acreage, during the fourth quarter of 2022. Staatsolie representatives revealed this at the Guyana Basins Summit (GBS) 2022 currently being held at the Pegasus Suites in Guyana. The...

Earlier this week, Guyana commemorated the 123rd anniversary of the 1899 Arbitral Award, which settled a land boundary dispute which had existed between British Guiana (now Guyana) and Venezuela. A week prior, Venezuela released a statement alleging that Guyana’s pursuit...

By Scott B. MacDonald - OilNOW The Russo-Ukrainian War has been a shock-like wakeup call for Europe over its heavy dependence on Russian oil, gas and coal. As European Union (EU) and other Western countries imposed economic sanctions on Russia,...

Tullow Oil, a company with interests offshore Guyana, says it plans to become a net zero by 2030 on its Scope 1 and 2 emissions. It said it will achieve this through decarbonising activities to eliminate flaring on its operated...

Maersk Drilling said it has secured a contract from Shell Brasil for the provisioning of the semi-submersible rig Mærsk Developer in the Campos basin offshore Brazil. The contract is expected to commence in March 2023, in direct continuation of the rig’s current...

Record high profits are doing nothing to prompt the sanctioning of new deepwater oil projects, according to Norway’s Rystad Energy. “Despite the high commodity prices and record high profits within the upstream industry, sanctioning of new oil and gas projects...

Oil production vessels definitely have a wow factor. Their sheer size, processing power and capability of operating for decades without pause make them truly impressive facilities. The ‘Egina’ is a beast of a floating, production, storage, and offloading (FPSO) vessel...

Saipem said Tuesday that it got approximately €1 billion added to its order book to aid the Baleine Phase 1 Project, a development of an oil and gas field located at 1,200 metres water depth, off the Ivory Coast. Saipem said...

With a discovered petroleum resource count of close to 11 billion barrels of oil equivalent, Stabroek Block operator ExxonMobil has churned out big wins for Guyana. Now, the International Monetary Fund (IMF) said that when this number tips over, Guyana’s...

British International Oil Company (IOC) Capricorn Energy announced a proposed merger with NewMed Energy to create a Middle East and North Africa (MENA) energy champion. The deal, which Capricorn said would create one of the largest upstream energy independents listed...