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Big oil looks on as Italian giant completes ‘mission impossible’

OilNOW -
(Bloomberg) The fact even senior managers privately described the plan as “Mission Impossible” showed the scale of the task: Italian energy giant Eni SpA wanted to produce gas from the Zohr field little more than two years after finding it in...
News

SOCU needs resources, cooperation to investigate O&G financial crimes – UK Expert

OilNOW -
British financial crimes expert, Dr. Sam Sittlington has expressed reservations over the level of resourcing afforded to the Guyana Police Force’s Special Organised Crime Unit (SOCU) but believes the unit will be able to effectively investigate malfeasance and other...
News

TT’s economy to benefit from BP’s Juniper project in 2018 – Kevin Ramnarine

OilNOW -
Former Minister of Energy in Trinidad and Tobago, Kevin Ramnarine, believes that during 2018 the country's economy will benefit from petroleum production by BP’s Juniper project; said to be the largest new project there in several years. BP has invested around...
News

Supermajors cautious on exploration; cut spending on O&G for 5th consecutive year

OilNOW -
ExxonMobil, along with other world leading oil exploration companies including Royal Dutch Shell and Total are slowing down exploration efforts despite there being the strongest start for oil prices in four years. This is according to a recent report from analyst...
Exploration

Oil firms to step up exploration off Norway this year after poor 2017

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(Reuters) - Efforts to find new oil off Norway are expected to double in 2018, preliminary company plans show, with activity rising in more mature areas after this year’s disappointing Arctic campaign. The pressure to deliver is growing as 2017’s...
Featured

Top stories of 2017

OilNOW -
2017 was a very exciting year in Guyana's emerging oil and gas industry. We have compiled a list of the top 3 stories for every month in the course of the year. Take a look; April Certified welders, other skilled workers...
News

Nigerian Ports Authority moves against debtors; considers stopping Total vessel from entering waterways

OilNOW -
(Nigerian Tribune) The Federal Government on Friday gave indications that the $3.8bn Egina Floating Production Storage and Offloading (FPSO) project being handled by the Lagos Deep Offshore Logistics Base (LADOL) at the LADOL’s Free Zone in conjunction with Samsung Heavy Industry...
News

Liza SURF contractor Saipem loses arbitration in Algerian LNG plant dispute

OilNOW -
The ICC International Court of Arbitration, following an arbitral tribunal, has ruled against The ICC International Court of Arbitration, following an arbitral tribunal, has ruled against Saipem and awarded Sonatrach the sum of approximately $135 million on the basis of...
News

Hess completes sale of Norway assets to fund Guyana production, reduce debt

OilNOW -
Hess Corporation on December 22, 2017 announced that it had completed the previously announced sale of its subsidiary Hess Norge, which owns interests in the Valhall and Hod fields in Norway, to Aker BP ASA for total proceeds of...
News

World’s largest-ever vessel is all set to go in 2018

OilNOW -
(CNBC) Displacing as much water as five aircraft carriers is just one eye-popping statistic that attempts to explain the sheer size of the world's largest vessel. Construction on ShellRDSA-GB's huge floating liquefied natural gas (FLNG) structure began in 2012 and...
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Latest News

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Guyana’s political outlook steady enough to keep investors calm – Norway group

Stability, that’s the word investors want to hear, and in Guyana, they’re likely to get it. Schreiner Parker, Partner and...

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