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Chevron joins ranks of ultra-majors in US$50B powerhouse deal – could become operator of Roraima Block

OilNOW -
Chevron’s announcement on Friday that it was acquiring Anadarko in a US$50 billion deal will see it joining the ranks of the ultra-majors and puts it in position to potentially acquire the Roraima Block offshore Guyana, pending approval by...
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Keppel delivers world’s first EU Stage V dredger

OilNOW -
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary, Keppel Singmarine Pte Ltd (Keppel Singmarine) has delivered the world's first European Union (EU) Stage V dredger on time, within budget and with a perfect safety record, strengthening...
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Rystad ranks Tilapia among top 3 discoveries for Q1 2019

OilNOW -
Norway-based Rystad Energy ranks the Tilapia discovery made by US oil major ExxonMobil off the Guyana coast in February as the third biggest conventional find for the first quarter of 2019. Cyprus’ Glaucus and South Africa’s Brulpadda were ranked...
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TechnipFMC secures subsea contract for Lapa Pre-Salt Field in Brazil

OilNOW -
UK-based TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a contract for the Lapa field by Total E&P do Brasil Ltda on behalf of the Lapa Field Consortium, comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil...
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‘Total culture shift’ needed if Guyanese are to fully benefit from O&G – Dr. Bynoe

OilNOW -
Speaking to a capacity audience on Friday evening at the Revealed Word Christian Centre in Kitty, Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe told those gathered that winning a contract is not the only way...
News

Upstream: SBM set to firm up third Fast4Ward order

OilNOW -
SBM Offshore is set to sign a commercial contract with Chinese yard China Merchant Heavy Industry (CMHI) this weekend to build the hull of a floating production, storage and offloading vessel under the Dutch floater specialist’s Fast4Ward design, Upstream...
News

Exxon mulls sale of Nigerian O&G fields as company focuses on Guyana, Permian

OilNOW -
US oil major ExxonMobil is weighing the sale of a suite of oil and gas fields in Nigeria for up to $3 billion as the company focuses on Guyana’s Stabroek Block and investments in the US Permian Basin, Reuters...
News

Our main focus is to deliver on our promise of large oil deposits in Guyana – Gil Holzman

OilNOW -
Eco Atlantic Oil & Gas has been making some major announcements about potential multli-billion-barrel deposits at its Orinduik block offshore the South American country of Guyana. CEO, Gil Holzman told Vox Markets in an interview on Tuesday that the...
News

Trinidad & Tobago’s ‘imposition of 12.5% royalty’ could backfire – GlobalData

OilNOW -
Trinidad and Tobago is looking to attract exploration investment with a new offshore bid round. However, the introduction of a royalty imposed on investors may be counter-productive for the government in the longer term, according to GlobalData, a leading data...
News

Saipem wins Spotlight on New Technology award for oil spill response

OilNOW -
Italian-based oil and gas contractor Saipem has won the Spotlight on New Technology award by OTC - Offshore Technology Conference, one of the most important international oil & gas industry events. OTC will be held from May 6-9 and as...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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