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Bourbon Offshore sold to creditors

OilNOW -
(The Maritime Executive) On December 23, the court overseeing the reorganization of Bourbon Offshore chose a purchase bid from Société Phocéenne de Participations (SPP), a company owned by Bourbon's creditors. The transfer of ownership of Bourbon's holding company, Bourbon...
News

Brazil’s oil, natural gas output soars to record high in November

OilNOW -
(S&P Global) Brazilian crude and natural gas production soared to a fresh record high in November as oil output topped 3 million b/d for the first time ever in Latin America's largest producer, the country's National Petroleum Agency, or...
News

Discovery of new onshore oil mega field boosts outlook for Mexico’s state-owned Pemex

OilNOW -
(Forbes) This December Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) made one of its largest oil and gas discoveries of the past three decades. The formation, dubbed Quesqui, is located onshore in Tabasco state, and is estimated to contain...
News

Trinidad discoveries signal possible resuscitation of onshore production – Kevin Ramnarine

OilNOW -
Former Minister of Energy of Trinidad and Tobago Kevin Ramnarine believes that three recent discoveries of oil or natural gas in South Eastern Trinidad are a significant development and proves that land-based oil production can possibly be resuscitated in...
Exploration

BP takes Maersk Drilling for three-well campaign offshore Trinidad

OilNOW -
Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago. Maersk said Monday the contract has an estimated duration of 322 days and is...
News

Orinduik partners advancing license in search of more oil offshore Guyana

OilNOW -
The Joint Venture partners at the 1,800km2 Orinduik Block offshore Guyana have opted to enter the next exploration phase of the Orinduik Petroleum Agreement and have since submitted their official notice to the South American country’s Department of Energy. The JV...
News

Guyana Shore Base is now a 24hr facility employing 94% locals

OilNOW -
Majority Guyanese-owned port company – Guyana Shore Base Inc. (GYSBI) has moved from operating on a 12-hour basis employing just a handful of Guyanese to what is now a 24-hr facility with a 94% local workforce. Muneshwers Limited, Pacific Rim...
News

Guyana, TT O&G JV rapidly expanding to serve offshore industry

OilNOW -
Support from National Hardware Guyana and Concepts & Services Company of Trinidad and Tobago has led to the formation of a new oil services company based in Guyana which is set to become the region’s newest oil producer in...
News

Guyanese students learn about offshore exploration at public forum

OilNOW -
JHI Associates Inc. in collaboration with the American Chamber of Commerce Guyana (AMCHAM) on Tuesday held a forum in Georgetown targeting high school and university students on the geology and geophysics of oil exploration. During the event held at Roraima...
News

600 Guyanese companies working in oil and gas – CLBD

OilNOW -
Guyanese companies working in the South American country’s emerging oil and gas industry face a race against time to bring themselves up to the required industry standards and the Centre for Local Business Development (CLBD) is supporting such entities...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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