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Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

OilNOW -
Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a contract by Petróleo Brasileiro (Petrobras) for the construction of the Floating Production Storage and Offloading...
News

Exxon faring better than peers with addition of big Guyana volumes

OilNOW -
Norway consultancy group Rystad Energy says new discovered volumes – a measurement of a company’s exploration performance – illustrates the daunting challenge faced by oil majors to maintain their reserves base and supply existing customers. The U.S oil major’s proven...
News

Bourbon Rhesos arrives in Guyana for deepwater operations

OilNOW -
France-based marine services provider, Bourbon Offshore, has mobilized yet another vessel for operations in South America’s newest oil producing nation. “After a safe and successful voyage from Las Palmas, the AHT Bourbon Rhesos has arrived alongside at Georgetown ready to...
News

Urgent changes needed to fiscal regime if T&T is to attract investment – Task Force

OilNOW -
On the first day of the Trinidad & Tobago Energy Conference 2021, Peter Inglefield, Chair of the Energy Chamber’s Task Force on Fiscal Reform outlined the need for changes to Trinidad & Tobago’s fiscal regime, if the industry is...
News

T&T looking to play leading role in regional clean energy transition – Rowley

OilNOW -
Trinidad and Tobago is looking to play a leading role in the Caribbean region as more governments look towards cleaner and renewable energy sources. The country is also adamant that it must develop its hydrocarbon resources with alacrity so...
Exploration

Exxon resumes exploration drilling at Canje Block, Repsol kicks off survey at Kanuku

OilNOW -
Exploration drilling in the Canje Block offshore Guyana continues at the Jabillo-1 prospect located approximately 261 kilometers offshore. The Stena Carron had initiated drilling operations at Jabillo-1 on March 14 as part of a three-well campaign planned this year on...
News

Guyana must balance extraction of natural resources with protection of environment – Bharrat

OilNOW -
On World Environment Day, Minister of Natural Resources, Vickram Bharrat stressed the importance of Guyana balancing the extraction of its natural resources with the protection of the environment. The need for this approach was iterated by Mr. Bharrat at a...
News

Tougher local content measures will be implemented if Guyanese are bypassed by oil companies, President warns

OilNOW -
If Guyanese are bypassed by oil companies for jobs and business opportunities in the burgeoning petroleum sector, then the government would be forced to change its policy on local content, says President of the South American country, Dr. Irfaan...
Exploration

Guyana oil minister calls on investors to work with locals

OilNOW -
To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at...
News

Analyst encourages Suriname to adopt lessons from Guyana’s oil boom

OilNOW -
In order for Suriname to prudently manage its oil and gas industry, Senior Analyst at America’s Market Intelligence (AMI), Arthur Deakin, is calling for the South American country to take lessons from Guyana’s oil boom. In an analysis released to...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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