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Maersk first low-emission rig showing promising results

OilNOW -
After successfully being converted to a hybrid, low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades. Maersk Intrepid is currently working for Equinor on the Martin Linge field where...
News

Multi-billion-dollar deepwater investments only moving forward under favourable conditions

OilNOW -
Of the 200 offshore oil and gas projects that are currently in the planning stage, around 120 of these are based on floating production storage and offloading (FPSO) systems and one expert believes that none of them will move...
News

Need for technical skills such as advanced welding capabilities will increase in Guyana

OilNOW -
While the emphasis on degrees in engineering and geosciences is necessary as Guyana seeks to build capacity for the oil and gas sector, there will be a growing need for technical and other skills which one official with experience...
Exploration

New report points to over 2.4-billion-barrel oil potential in Jamaica

OilNOW -
The unprecedented oil exploration success in Guyana is raising hopes for countries throughout the region and this is seeing a renewed emphasis being placed on the search for black gold. An independent evaluation of Prospective Resources offshore Jamaica prepared by Gaffney...
News

Staatsolie celebrates 40 years as Suriname braces for deepwater bonanza

OilNOW -
Staatsolie Maatschappij Suriname N.V., Suriname’s state oil company, is celebrating its 40th Anniversary in a year that has seen almost 70 years of oil exploration culminating with four major deepwater oil discoveries and the opening of the offshore potential...
News

Warnings of looming supply gap intensify – Guyana production set to take-off

OilNOW -
Warnings about a looming oil and gas supply gap continue to increase with a new report pointing out that the oil and gas industry will have to overcome its pandemic-induced retrenchment and boost investment by at least 25% annually...
News

EU joins calls for diversified economy as Guyana’s O&G sector balloons

OilNOW -
European Union Ambassador to Guyana Mr. Fernando Ponz Canto has joined the call for the South American country to diversify the economy and ensure that it does not become reliant on just the oil and gas sector. He made these...
News

Several Shell executives quit over disagreements with push towards energy transition

OilNOW -
Disagreements over how far and fast Royal Dutch Shell should shift towards renewables have seen several clean energy executives part ways with the company, the Financial Times said in an article on Tuesday. Shell has said it is investing more in...
Exploration

Development of Guyana’s mega oil fields crucial as major shortfall in world supply expected

OilNOW -
Global oil reserves are not being replenished with enough conventional resources for future demand of oil and gas and this is set to create a major shortfall through 2050 despite lower future demand due to the coronavirus pandemic and...
News

O&G companies playing major role in Guyana oil spill preparedness efforts – CDC

OilNOW -
With Guyana lacking the capacity to adequately respond to large oil spills--that is, Tier Two and Tier Three spills--local companies have been playing an important role in oil spill response preparedness efforts. The National Oil Spill Contingency Plan indicates that...
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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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