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SBM awarded contract for second Liza FPSO in Guyana

OilNOW -
SBM Offshore said Tuesday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the...
News

Hess sells off interest in Utica shale to help fund Guyana, Bakken projects

OilNOW -
Hess Corporation (NYSE:HES)  announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. “We continue to focus our...
News

Suriname Staatsolie enters production sharing agreement with Carin Energy

OilNOW -
Staatsolie Maatschappij Suriname N.V. and its new partner UK-based Cairn Energy signed a production sharing contract for offshore Block 61 on June 26. Cairn Energy will search for oil in offshore Suriname. In a statement Staatsolie said Cairn will kick-off...
Opinions

Suriname Dry Holes: “Do not despair!” – Elephant Man, Rob Strong

OilNOW -
The following is an extract from a previous article I contributed to for OilNOW in November 2017.  “Canadian oil and gas consultant Rob Strong is adamant that much more oil will be found in the Guyana-Suriname Basin, in keeping with...
News

Jack up and semi-submersible rig options look promising for Eco Atlantic – Colin Kinley

OilNOW -
Eco (Atlantic) Oil and Gas’ Chief Operating Officer Colin Kinley said that both jack up and semi-submersible drilling targets in the Orinduik block offshore Guyana reflect very positive economics for development. Kinley said, "Exxon's Longtail-1 discovery in the Stabroek Block, further...
News

Guyana emerging as senior partner in basin shared with Suriname – Ramnarine

OilNOW -
Just days before ExxonMobil announced its eight oil discovery offshore Guyana, former Trinidad and Tobago Energy Minister, Kevin Ramnarine, told OilNOW he is of the view that Guyana is emerging as the senior partner in the basin shared with...
News

Schlumberger seeking EOIs to build drilling fluids facility in Guyana

OilNOW -
Schlumberger Guyana, a subsidiary of the world-class oilfield services company Schlumberger, is in the process of constructing a drilling fluids facility to support the operations of ExxonMobil with regards to the Liza development. This is according to an advertisement placed...
News

Uruguay and oil hopes: a permanent bidding round scheme, after failure of latest auction

OilNOW -
(MercoPress) Uruguay will move towards a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview. Uruguay...
News

New Guyanese recruitment firm eyeing opportunities in O&G

OilNOW -
100% Guyanese-owned Strategic Recruitment Solutions (SRS) is gearing up to offer a range of manpower services with special focus on the South American country’s emerging oil and gas sector. Through an “ethics first” approach the company is aiming to be...
News

Fmr CXC Registrar calls for overhaul of curriculum to cater for O&G

OilNOW -
Senior Assistant Registrar (retired) for the Caribbean Examinations Council (CXC), Dr. Gordon Harewood, said Guyana is on the verge of exciting times in the history of the country. Speaking at a workshop for Senior Education Officials on curriculum review at...
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Latest News

NewsKemol King -

Exxon ramping up capacity to produce nearly 2.2 million boe/d in Guyana by 2030

ExxonMobil Guyana is on track to ramp up its capacity to produce oil, condensate and gas at almost 2.2...

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