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Employment at Oil Field Service companies lowest in a decade

OilNOW -
The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing the industry to deploy cost-cutting measures. A Rystad Energy analysis of the top 50 oilfield service (OFS) firms show that staffing is...
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Guyana can become the next non-OPEC oil giant – Lisa Viscidi

OilNOW -
Guyana can become one of the largest non-OPEC oil producers in a few years, with the potential to encroach on the markets of less competitive producers as the South American country continues to develop its industry. This is the view...
News

Canje Block’s Bulletwood-1 is a ‘Liza look alike’ – Westmount Energy

OilNOW -
At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain. Most...
News

Twinning of Georgetown and Europe’s oil capital Aberdeen discussed at foreign meeting

OilNOW -
High Commissioner of the United Kingdom to Guyana, Greg Quinn met with newly appointed Minister of Foreign Affairs and International Cooperation, Hugh Todd today where a number of matters were discussed, including the twinning of Georgetown, Guyana and Aberdeen,...
News

Guyana stands united on settling Venezuela border controversy at ICJ – President Ali

OilNOW -
President of Guyana Dr. Mohamed Irfaan Ali has committed to safeguarding the sovereignty of the South American oil producing country, noting that all Guyanese stand united on the issue of the integrity of the country’s borders. Speaking at his inauguration...
News

Liza and Kwaskwasi are giants in the prolific Guyana-Suriname basin

OilNOW -
The Guyana-Suriname basin has been the subject of much discussion since US oil major ExxonMobil made its world class Liza discovery in 2015 at the prolific Stabroek Block. Appraisal drilling showed Liza contained 800 million to 1.4 billion barrels...
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Suriname’s world-class discoveries expected to be developed in shortest time possible: like Guyana’s Liza – Staatsolie MD

OilNOW -
Suriname state oil company Staatsolie would like to see the country’s deepwater discoveries move to development in the shortest time possible, similar to the Liza discovery in Guyana which operator ExxonMobil was able to move to first oil in...
News

New Cabinet in place as Guyana government prepares for oil transformation

OilNOW -
Nineteen persons were sworn in as ministers on Wednesday by newly elected Guyanese President, Irfaan Ali, who said the combination of youth and experience in his new Cabinet will take the South American country to its next level of...
News

Suriname’s Block 58 could hold 6.5 billion barrels of oil – Morgan Stanley

OilNOW -
US multinational investment bank and financial services company Morgan Stanley says its modelling of Suriname’s Block 58 shows that it contains a potential 6.5 billion barrels of oil equivalent resources which can be developed across seven phases with first...
News

Drill campaign for Liza phase 2 development continues

OilNOW -
ExxonMobil, operator at the Stabroek Block offshore Guyana, is moving forward with its development drilling operations for phase 2 of the Liza project. The Noble Tom Madden and Bob Douglas are currently drilling development wells just over 100 nautical miles...
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MODEC completes delivery of Errea Wittu topsides modules with zero carry-over work

MODEC said it has successfully completed and delivered the Errea Wittu FPSO topsides modules at the BOMESC yard in...

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