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TechnipFMC bags India subsea contract

OilNOW -
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. The company says these contracts cover the fabrication and installation of...
Exploration

Guyana mega oil potential to be tested in 2019

OilNOW -
Multiple commercial oil discoveries at Guyana’s Stabroek Block have established the country as a key up and coming producer in the region. And now, as exploration activities ramp up at other blocks outside Stabroek, a discovery could push the...
News

Guyana is the fastest growing economy in the world – says Nasdaq contributor

OilNOW -
Fueled by mega oil discoveries and production set to hit close to 1 million barrels per day by the mid-2020s, the South American country of Guyana is listed at number 1 among the 5 fastest growing economies in the...
News

ExxonMobil’s sale of Norwegian assets could be record-breaking

OilNOW -
US supermajor ExxonMobil is looking to sell its Norwegian upstream assets. The portfolio has an estimated value of $3.1 billion, according to Rystad Energy. Rystad Energy partner Simon Sjøthun notes that a sale of this magnitude could be the largest...
News

Orinduik drill campaign will open new chapter in Guyana oil development

OilNOW -
Offshore exploration in the South American country of Guyana is moving into another phase as UK-based Tullow Oil embarks on a drill campaign at the Orinduik block, making it the first attempt to find oil by a company outside...
Exploration

Guyana is one of the main beneficiaries of deepwater reinvention

OilNOW -
Deepwater and tight oil are two of the great growth themes in the oil and gas industry, but are often considered to be at opposite ends of the development spectrum. Deepwater represents large, expensive and complex long-cycle projects best suited...
News

Guyanese sister companies providing support services for Harvey Gulf

OilNOW -
Two indigenous Guyanese sister companies are stepping up their operations in the new South American oil and gas hotspot, pushing local content for US-based Marine Transport Company, Harvey Gulf. Western Logistics and Pandora Energy are working in tandem to provide...
News

Total commits to transparency of contracts at EITI Paris conference

OilNOW -
Patrick Pouyanne, CEO of French multinational oil corporation Total, gave a commitment to supporting transparency and openness of contracts in its operations around the world. Pouyanne was speaking on Thursday at the Extractive Industries Transparency Initiative (EITI) Global Conference in...
News

Discovering Oil: It’s not like the movies. But it’s still pretty exciting – Energy Factor

OilNOW -
One year before the giant Liza discovery… The data from the well logs looked promising, and a restrained optimism began to build among small groups of specialists at ExxonMobil’s north Houston campus, at its Georgetown venture office and aboard the...
News

Liza Destiny ready to set sail for Guyana oil bonanza

OilNOW -
The Liza Destiny, the first oil production vessel to be placed in Guyana has been officially dedicated by the South American country’s First Lady, Madam Sandra Granger. In keeping with tradition and naming protocols, the dedication is performed by a...
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QatarEnergy deepens presence in Suriname with stakes across six offshore blocks

QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing...

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