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Petrobras sells Uruguá and Tambaú fields stakes to Enauta, sealing US$35 million deals

OilNOW -
Brazil's state-run oil giant, Petrobras, has finalized contracts with Enauta for the sale of its entire stake in the Uruguá and Tambaú fields, nestled within the Santos basin. The deal, amounting to US$35 million, signifies Petrobras' strategic maneuver to...
News

U.S. expected to approve US$660 million loan for Gas-to-Energy project in Guyana – Jagdeo

OilNOW -
Guyana's Gas-to-Energy project is set to receive significant financial support from the United States, according to Vice President Bharrat Jagdeo. Jagdeo detailed the ongoing negotiations and assurances received from various US departments, highlighting the expected approval of a substantial...
News

Gas-to-Energy: GAICO completes materials offloading facility, forges ahead with pipeline work

OilNOW -
GAICO Construction and General Services Inc. announced that it completed the materials offloading facility (MOF) for the Gas-to-Energy project and is currently undertaking the laying of 26 kilometers of onshore pipelines.  “As a local company we are excited about this...
Business Wire

ConocoPhillips Makes Final Investment Decision to Develop the Willow Project

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today that it will move forward with development of the Willow project in Alaska. This Final Investment Decision approves the project and funds construction needed to reach first oil. The decision follows the Department...
Business Wire

USD Partners Announces Sale of West Colton Terminal

HOUSTON--(BUSINESS WIRE)--A wholly-owned subsidiary of USD Partners LP (OTC: USDP) (the “Partnership”) announced today that on December 20, 2023, it completed the sale of the West Colton rail terminal to a private buyer for all cash consideration. The Partnership used...
News

‘Strategic shift in vision’ delivered Guyana’s largest shore base, now 10 years old   

OilNOW -
Ten years ago this month, Guyanese company Muneshwers Limited acquired a 30-acre property on the outskirts of Georgetown, the country’s capital city, with a plan to pursue development of a container terminal for its shipping business. But following ExxonMobil’s worldclass...
News

MODEC, Toray Industries pioneer innovative technique for FPSO and FSO corrosion repair

OilNOW -
MODEC, in collaboration with Toray Industries, has unveiled a carbon fiber-reinforced plastic (CFRP) patch technique designed specifically for repairs on floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) systems. As part of its FPSO and FSO...
Opinions

Gas to Energy Project – the most transformational project in Guyana’s history

OilNOW -
By Cristina Caus - OilNOW The Gas-to-Energy project is an embodiment of Guyana’s mission to transform its historically underperforming economy, now one of the fastest growing, into a world-class and competitive environment. The GtE project represents one of the largest...
News

Suriname awards deepwater blocks to TotalEnergies, Shell, Petronas, QatarEnergy

OilNOW -
Staatsolie, Suriname's state oil company, announced on December 15, that it has signed three production sharing contracts (PSC) for the offshore deepwater blocks 63, 64, and 65. The blocks were part of the Demerara bid round held from November...
News

Blue Water affiliate scores hat-trick with ExxonMobil for logistics services

OilNOW -
Falcon Logistics Inc., an affiliate of Blue Water Shipping, an international provider of project logistics and freight forwarding services, has announced the signing of three 3-year contracts with ExxonMobil Guyana.  The contracts cover vessel agency and wharfage operations, customs clearance,...
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PETRONAS secures deepwater Block 66 in Suriname with new contract

PARAMARIBO SURINAME - Staatsolie has signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise...

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