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Rystad ranks Tilapia among top 3 discoveries for Q1 2019

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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

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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...
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Upstream: SBM set to firm up third Fast4Ward order

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

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

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

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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...
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Saipem wins Spotlight on New Technology award for oil spill response

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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...
News

Outside of China CNOOC only found oil in Guyana during 2018

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China’s CNOOC Limited made a total of 17 commercial discoveries in 2018, 5 of which were made in the Stabroek Block offshore Guyana which represents all of the company’s overseas discoveries for that year. The other 12 discoveries were...
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Nigeria local content body says Samsung has transformed country into FPSO construction hub

OilNOW -
Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) units in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared, according to a...
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Guyana’s four FPSOs set a new pace for deep-water oil development

The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s...

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