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NSTA awards 24 licenses in second tranche of UK’s 33rd oil and gas licensing round

OilNOW -
The North Sea Transition Authority (NSTA) has announced the allocation of 24 licenses in the second tranche of the U.K.'s 33rd oil and gas licensing round, involving 17 different companies, including industry giants such as Shell, Equinor, BP, and...
News

Norwegian company gets US$11.7 million contract from Petrobras for offshore survey in Brazil

OilNOW -
Norwegian company, Electromagnetic Geoservices ASA (EMGS), has announced a contract award from Petrobras for a fully pre-funded multi-client survey offshore Brazil. The contract, valued at approximately US$11.7 million, is significant for EMGS as it is the first data acquisition...
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Liza field will go offline later this year for hook up of gas pipeline – Exxon

Shikema Dey -
Downtime for ExxonMobil’s Liza field is expected in the second half of 2024, said Chief Financial Officer (CFO) Kathy Mikells, to facilitate Guyana’s Gas-to-Energy (GtE) project.  “At some point in the second half, we are working on the Gas-to-Energy project...
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Despite anti-fossil fuel push, Jagdeo ‘strongly’ expects U.S. to grant Guyana loan for gas project

OilNOW -
In the face of environmental activism, Guyana's Vice President Bharrat Jagdeo remains 'strongly' optimistic about securing a US$660 million loan from the United States EXIM Bank for the country's Gas-to-Energy project. This project aims to transform Guyana's energy sector...
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Guyana expects Exxon to apply for seventh offshore development in 2024

OilNOW -
The government of Guyana expects the Exxon-led Stabroek block co-venturers to propose a seventh offshore development in 2024. Minister of Natural Resources, Vickram Bharrat said the government budgeted GY$100 million (approximately US$480,000) to review the application.  “We have dealt with...
News

Gas-to-Energy contractor on hiring drive ahead of Q2 construction start 

OilNOW -
LNDCH4 Guyana, the joint venture between CH4 and Lindsayca, has kickstarted a hiring drive in Guyana as it gears up for the construction of an integrated facility as part of Guyana’s Gas-to-Energy project. This facility, a cornerstone of Guyana's...
News

Trinidad’s NGC, Shell, PDVSA kickstart pipeline talks for Dragon gas project – Young 

OilNOW -
Trinidad and Tobago’s next step to access the Dragon gas field has begun, according to its Minister of Energy and Energy Industries, Stuart Young. Speaking during the Trinidad and Tobago Energy Conference 2024 in Port-of-Spain on Jan. 22, Young reported...
News

Guyana to conduct review of offshore resources for potential second auction

OilNOW -
The Guyana government plans to conduct an internal review of its offshore resources, a key step towards a potential second auction of its oil blocks.  Vice President Bharrat Jagdeo clarified that the exercise, described as a study this week by...
News

Construction of Guyana’s Gas-to-Energy power plant to commence in Q2 2024 – Minister

OilNOW -
Guyana’s Finance Minister, Dr. Ashni Singh, announced the anticipated commencement of the construction of the Gas-to-Energy (GtE) integrated facility, which includes a 300-megawatt (MW) power plant, in the second quarter of 2024. The government contracted a US-based group (CH4-Lindsayca)...
News

Another Exxon-led project may connect to Gas-to-Energy pipeline alongside Liza

OilNOW -
Guyana’s Natural Resources Minister, Vickram Bharrat, has confirmed to OilNOW that studies are underway to determine which of ExxonMobil’s Stabroek Block projects can utilize the additional capacity of the Gas-to-Energy pipeline, following start-up in 2025. Mr. Bharrat said, “The Liza...
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TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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