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Newfoundland and Labrador gov’t considers selling stakes in offshore assets

OilNOW -
The government of Newfoundland and Labrador has announced its consideration of selling stakes in the province's offshore oil industry, revealing plans to move forward with phase three of the comprehensive review of current oil and gas interests. The government is...
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Offshore Innovators celebrates milestones in Guyana’s O&G industry 

OilNOW -
Offshore Innovators Guyana Inc. (OIGI) has marked significant achievements in the country's burgeoning oil and gas sector, which it says showcases its commitment to local empowerment and contributing to the nation's newfound energy landscape.  Established in January 2017, OIGI said...
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Libra Consortium approves gas separation project in Brazil’s Mero Field 

OilNOW -
The Libra Consortium, a Petrobras-led group, has officially greenlit a natural gas and CO2 separation and reinjection initiative in the Mero field, located in the Brazilian deep offshore pre-salt region. The move, marking the final investment decision, aims to...
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Suriname’s oil and gas industry: Progress in 2023

OilNOW -
Suriname’s first offshore oil discovery was made in 2020 at the Maka Central-1 well in Block 58. Since then, more than eight discoveries have been made in several blocks. The Suriname basin is estimated to hold over 30 billion...
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ExxonMobil seeking contractor for aerial imaging of gas pipeline in Guyana

OilNOW -
ExxonMobil Guyana Limited (EMGL) has initiated a request for information (RFI) to procure services for capturing high-resolution aerial video and photographs of an onshore pipeline supporting the Gas-to-Energy (GtE) project.  EMGL said the Gas-to-Energy project aims to facilitate the transfer...
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SBM Offshore-built FPSO goes into production at Brazil’s Mero field

OilNOW -
State-owned Brazilian multinational corporation Petrobras announced on Sunday that oil production got underway at the Sepetiba platform, in the Mero field, Libra block, in the pre-salt of the Santos Basin. The company said this is Mero's third production system, with...
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Guyana Oil & Gas: What to look forward to in 2024

Kemol King -
The year 2024 is expected to welcome a massive expansion of operations in Guyana’s oil and gas industry. New blocks will be awarded, oil developments will advance, and the prospect of gas development will shift into focus.  Here is a...
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Petrobras expands presence in Sao Tome & Principe offshore Africa 

OilNOW -
Petrobras, the Brazilian state oil producer, has acquired significant stakes in three offshore blocks in Sao Tome & Principe through a deal with Shell, marking its re-entry into African exploration. Under this agreement, Petrobras secured a 45% interest in blocks...
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Major oil and gas milestones in Guyana: A look back at 2023

OilNOW -
While the exploration success carried less momentum, Guyana’s oil and gas sector hit several milestones in 2023. Let’s look back at a few of those in no particular order.  Starting with discoveries…  In January, Hess announced the Fangtooth SE-1 discovery, revealing...
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Noble Corporation secures Petrobras contract for offshore drilling services in Colombia

OilNOW -
Offshore drilling contractor Noble Corporation has inked a deal with Petrobras, clinching a contract for its semi-submersible rig, the Noble Discoverer, to render drilling services off the coast of Colombia. The contract guarantees a firm duration of 400 days, scheduled...
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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...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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