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Brazilian regulator IBAMA denies Total license for offshore drilling

OilNOW -
Brazilian federal environmental regulator IBAMA has denied French oil company Total a license to drill in the environmentally sensitive Foz do Amazonas Basin, accusing the company of failing to submit documents and complete impact studies despite several requests. The discovery...
News

Eco Atlantic, partners to drill Jethro-Lobe well offshore Guyana in May

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. on Wednesday December 5, 2018 announced details of its 2019 drilling programme for Guyana’s offshore Orinduik Block, with the first well – the Jethro-Lobe prospect - being planned for drilling in May 2019. The...
News

CGX Energy, Frontera in joint venture to explore ‘most exciting offshore basin in the world’

OilNOW -
CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced Tuesday that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned...
News

Trinidad presses dual gas supply from Venezuela

OilNOW -
Venezuela, Trinidad and Tobago and oil majors Chevron and Shell appear to be making progress on two separate projects that would develop and supply offshore natural gas, Argus said in a report on Monday. Venezuelan gas supply is critical for Trinidad,...
News

Energy Dept completing ‘gas to power’ feasibility analysis

OilNOW -
As the Government of Guyana continues to look at ways to garner cheaper energy from oil and gas finds offshore, the Department of Energy is undertaking a feasibility study. Dr. Mark Bynoe, Director of the Department of Energy, on Thursday...
News

Tullow looking to strike oil offshore Guyana next year

OilNOW -
Independent oil explorer Tullow is confident of stronger crude output next year due to increased drilling in its West African assets and hopes to strike oil at its block in Guyana, exploration director Angus McCoss told S&P Global Platts. Tullow...
Exploration

Edison Chouest opens ‘G-Boats’ office in new South American oil & gas hotspot

OilNOW -
US marine transportation service provider Edison Chouest Offshore launched its G-Boats (Guyana) Inc. office in the South American country of Guyana on Friday. Edison Chouest entered Guyana in January 2016 with three vessels and has now increased its fleet to...
News

Petrobras fires up new Lula oil platform offshore Brazil

OilNOW -
(Hart Energy) State-controlled oil company Petroleo Brasileiro, also known as Petrobras, said on Oct. 24 it had started production on its eighth platform in the offshore Lula Field, Brazil's most productive, as it ramps up output from the Santos...
News

Saipem, Petrofac and Samsung awarded US$4B onshore E&C contract in Thailand

OilNOW -
Saipem, in consortium with Petrofac and Samsung, has been awarded a new Onshore E&C contract in Thailand for the expansion of the Sriracha refinery. The total value of the project is approximately 4 billion USD. In a press release on...
News

New Zealand gov’t introduces bill to halt new offshore oil exploration

OilNOW -
(Xinhua) -- The New Zealand government has introduced a bill to give effect to its decision to halt the offering of new offshore oil and gas exploration permits, and has kept its commitment to protect existing permits. Prime Minister Jacinda...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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