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UK business mission to Guyana seeks expansive investment opportunities

OilNOW -
The Caribbean Council, in collaboration with Mission Partners, is set to lead a United Kingdom (UK) Business Mission to Guyana from November 28 to December 1, 2023.  The initiative aims to bolster engagement for quality business investments and foster opportunities...
Business Wire

USD Partners Announces Amendment to Existing Revolving Credit Agreement and Extension of Maturity Date

HOUSTON--(BUSINESS WIRE)--On November 21, 2023, USD Partners LP (OTC: USDP) (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an...
News

Subsea7 to decommission subsea infrastructure in the Campos basin for Shell

OilNOW -
Subsea7 said it was awarded a sizeable contract by Shell for the decommissioning of subsea infrastructure in the Campos basin offshore Brazil, in a November 20 update.  Subsea7 awarded major contract amendment for Petrobras’ Mero 4 field development  | OilNOW Subsea7’s...
News

Exxon’s 6th Guyana FPSO named Jaguar after national animal

OilNOW -
Guyana’s Minister of Natural Resources Vickram Bharrat recently announced that Bayphase, an international oil and gas consultancy firm, is reviewing ExxonMobil's Field Development Plan (FDP) and Environmental Impact Assessment (EIA) for its sixth Stabroek block development.  Bharrat said that the...
News

Exxon looking for more suppliers for its Guyana operations  

OilNOW -
ExxonMobil Guyana Limited (EMGL) is gearing up to engage suppliers for the provision of another set of onshore and offshore services as part of its operations in the Stabroek license area. According to public requests for information (RFIs), the company...
News

MODEC starts construction of Errea Wittu FPSO for Exxon’s 5th Stabroek block development

OilNOW -
MODEC announced the inaugural steel-cutting ceremony for the Guyana-bound Errea Wittu floating production, storage and offloading vessel (FPSO) in China, on November 16. The firm secured its initial order to supply an FPSO to Guyana in May 2023, commissioned...
News

Guyana local content spend estimated at US$720 million in 2023

OilNOW -
Local content spend is estimated at US$720 million in 2023, reflecting the capabilities of the private sector and adherence to the Local Content Act, legislated at the end of 2021. Dr. Martin Pertab, Director of the Local Content Secretariat,...
Business Wire

Kolibri Global Energy Announces Third Quarter 2023 Net Income of US$2.3 Million and Adjusted EBITDA of US$9.5 Million

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--All amounts are in U.S. Dollars unless otherwise indicated: THIRD QUARTER 2023 HIGHLIGHTS Average production for the third quarter of 2023 was 2,737 BOEPD, an increase of 61% compared to third quarter 2022 production of 1,702 BOEPD. This...
Business Wire

Syngenta Group and CNH Industrial Connect Digital Applications to Better Serve Farmers

Integration of Syngenta Cropwise platform with Case IH and New Holland Agriculture digital platforms Ability to connect with other digital ag/precision ag systems key to simplifying the decision-making process of farmers and advisors Syngenta Group’s digital solutions already adopted on close...
News

Japanese firm MODEC to create over 300 jobs in world’s fastest growing economy

OilNOW -
A high-level team from Japanese shipbuilding company MODEC recently met with Guyana's Foreign Secretary, Robert Persaud in Tokyo, where an update on its local content plan and project operations were discussed. Persaud was at the time on a visit...
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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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