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PCJ confirms discovery of oldest live oil seep in Jamaica

OilNOW -
(Jamaica Observer) Tests carried out by two separate independent laboratories have confirmed that an oil seep identified in 2018 by the Petroleum Corporation of Jamaica (PCJ) is the island's third onshore live oil seep. PCJ said in a release yesterday...
News

Liza Destiny helideck gets certification

OilNOW -
On Tuesday, the Floating, Production, Storage and Offloading (FPSO) vessel, Liza Destiny, received its first helideck inspection certificate from the Guyana Civil Aviation Authority (GCAA). A helideck is a platform on a vessel or offshore structure, which allows helicopters to...
News

Energy Department wants oil money to be used for ‘no-regrets investments’

OilNOW -
Guyana’s Department of Energy wants oil revenue to be used to pursue investment initiatives that are feasible and intends to advise government against plugging cash into ventures that could result in future regrets. So says Energy Department Director Dr....
News

Stabroek co-venturer CNOOC’s net profit surge at H1 2019

OilNOW -
In announcing its interim results for the six months ended June 30, 2019, CNOOC Limited said on Thursday in the first half of the year the company made 16 new discoveries – of which 3 were made in Guyana...
Exploration

S-Cube algorithm helped Tullow strike oil at Guyana well

OilNOW -
(Offshore Energy) Tullow Oil has discovered oil at its Jethro-1 well in Guyana using the XWI algorithm developed by technology company S-Cube. The XWI algorithm allows entirely data-driven earth model building with more automation and accuracy. The cloud solution helps...
News

Total, Qatar Petroleum ink asset transfer deals

OilNOW -
French oil major Total said Tuesday Qatar Petroleum is farming into its offshore acreage in Namibia, Kenya and Guyana, further strengthening their international partnership, Kallanish Energy reports. Following approval of the deals, Qatar Petroleum will gain a 30% stake in Namibia’s Block...
News

TechnipFMC’s 600th subsea tree arrives in Brazil for installation at Guyana’s Liza field

OilNOW -
UK based oil services company TechnipFMC recently celebrated the delivery of the company's 600th subsea tree in Brazil, which will be installed at ExxonMobil’s Liza field offshore Guyana. The event, which took place at the company’s assembly plant in Rio...
News

Tullow spuds second Guyana wildcat at Orinduik

OilNOW -
Tullow Oil’s junior partner at the Orinduik Block, Eco (Atlantic) Oil & Gas Ltd. on Tuesday announced that it has commenced drilling of the Joe prospect offshore Guyana. The company spud Joe-1, the second exploration well on the Orinduik...
News

TechnipFMC to separate into two companies

OilNOW -
TechnipFMC plc (NYSE: FTI) (Paris: FTI) on Monday said is its Board of Directors had unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development;...
Uncategorized

Royalties and taxation policies for Guyana’s oil sector

OilNOW -
Successive Guyanese governments will essentially be relying on royalty and taxation measures to capture a “reasonable” share of the economic rents from Guyana Basin oil exploitation. This practise has also been followed by other host governments in geographic areas...
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NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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