(Reuters) Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.
One union said...
Guyana is a frontier country in terms of oil and gas and as such the fiscal regime offered to international exploration companies needed to be attractive as the area was yet to be derisked. In light of this, Guyana...
Just over three years ago the South American country of Guyana was little known around the world and completely off the radar of petroleum-producing nations. But with the giant oil discovery at the Liza field in 2015 that has...
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...
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...
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...
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...
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...
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...
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...
