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Business Wire

Granite Ridge Resources, Inc. Announces Pricing of Secondary Public Offering of Common Stock

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT), a scaled, non-operated oil & gas exploration and production company, today announced the pricing of the previously announced underwritten registered secondary offering by certain funds managed by...
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Exxon’s supplier partnerships yielding game-changing cost savings in Guyana, says Hess boss

OilNOW -
ExxonMobil, one of the world’s largest publicly traded oil and gas companies, and operator of the Stabroek Block in Guyana, has been aggressively pushing back on cost pressures for its projects offshore the South American country. Bringing this to...
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Touchstone delivers first gas from Cascadura project in Trinidad

OilNOW -
Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric. The Cascadura...
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New national control centre being constructed to support Guyana’s gas project 

OilNOW -
The Office of the Prime Minister in Guyana is seeking to have a national control centre constructed to facilitate the country's energy infrastructure overhaul, including support for the Gas-to-energy project. It has issued a public Request for Proposals (RFP)...
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Repsol to pay signing bonus, higher gov’t take, reduced block size if Kanuku license is renewed – Jagdeo

Kemol King -
Guyana Vice President, Dr. Bharrat Jagdeo, said that if Repsol's request to renew its license for the Kanuku Block is approved, the firm would be navigating a new terrain of increased government take, an obligatory signing bonus, and reduced...
Business Wire

Cool Company Ltd. Q2 2023 Business Update

HAMILTON, Bermuda--(BUSINESS WIRE)--This release includes business updates and unaudited interim financial results for the three ("Q2", "Q2 2023" or the "Quarter") and six months ("1H 2023") ended June 30, 2023 of Cool Company Ltd. ("CoolCo" or the "Company") (NYSE:CLCO...
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Shell’s Timi Platform powers Malaysia’s green energy revolution with solar, wind

OilNOW -
Sarawak Shell Berhad (SSB), a subsidiary of global energy giant Shell plc, announced the commencement of gas production at the Timi platform in Malaysia. Under the SK318 production sharing contract (PSC), Timi represents a groundbreaking endeavour, combining cutting-edge technology...
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ExxonMobil, partners have not recovered their Stabroek Block investments as yet

OilNOW -
Oil revenues generated by ExxonMobil and partners from the Stabroek Block have not yet matched the major investments they have made into exploring for crude and developing those fields. The companies have sanctioned more than US$40 billion in projects...
News

Repsol asks Guyana for brand new license for Kanuku Block

Kemol King -
Kanuku block operator, Repsol, has applied for a new exploration license for the acreage. Guyana's Vice President Dr. Bharrat Jagdeo confirmed this in a comment to OilNOW on Thursday. He said the government has to consider it. Repsol appears...
News

Subsea7 achieves groundbreaking remote ROV operation from Scotland to Brazil Coast

OilNOW -
In a remarkable feat of technological advancement, Subsea7 has successfully conducted a remote piloting operation for a work class Remotely Operated Vehicle (ROV) from Scotland, covering a staggering distance of 9,400 kilometers to the coast of Brazil.  Developed in-house by...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival...

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