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Saipem bags US$25M contract to engineer Brazil-bound FPSO

OilNOW -
Italian oil services company, Saipem, announced a US$25 million contract from floater operator, BW Offshore Limited, to provide early-stage engineering services on an oil production vessel for Shell’s Gato do Mato oil and gas field in Brazil. BW issued a limited notice to proceed (LNTP)...
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Guyana taking right steps to avoid pitfalls of oil producing nations, says British High Commissioner

OilNOW -
With only two and a half years as an oil producer, Guyana has been taking firm steps to steer clear of the commonly made mistakes and pitfalls of the petroleum industry thus far. This, according to the British High Commissioner...
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‘Fully integrated fiscal model’ confirms billions projected in annual oil revenues for Guyana from 2025

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo recently told reporters that Guyana expects to bring in US$2 billion per annum in oil revenue from 2025, based on a US$50 per barrel price of crude. He said if that calculation is...
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Guyana not being relegated to status of ‘rent collector’; country seeking big gains from oil resources – Ramnarine

OilNOW -
Guyana’s steadfast drive for local participation in its oil and gas sector is being lauded by former Trinidad and Tobago Minister of Energy, Kevin Ramnarine. Though private sector leaders of the two Caribbean Community (CARICOM) nations have been at odds...
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‘Current high oil prices must not lull us into false sense of security’ – T&T Energy Chamber Chairman

OilNOW -
The world has gone from negative oil prices to historic highs in just a few years. But Chairman of Trinidad and Tobago’s Energy Chamber, Dwight Mahabir, has cautioned countries to not let these current high oil prices lure them...
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Guyana oil projects moving 2-3 times faster than any other in the world – Hess CEO

OilNOW -
Guyana's offshore Stabroek Block developments have been outstanding performers when it comes to pace and efficiency. Hess Corporation’s Chief Executive Officer (CEO), John Hess said the projects come on two to three times faster than any other global offshore...
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GYSBI joins forces with Houston logistics provider to service Guyana’s booming oil sector

OilNOW -
UTC Overseas, an international freight forwarding, and cargo logistics company headquartered in Houston, has expanded its operations in Guyana after teaming up with the South American country’s largest shore base contractor, Guyana Shore Base Inc. (GYSBI). GYSBI’s 130-acre supply base...
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Government refutes claim that Guyana will not benefit fairly from oil and gas sector

OilNOW -
Guyana's Ministry of Natural Resources on Thursday condemned an analysis of the country's petroleum fiscal outlook, which was produced by Tom Sanzillo, Director of the United States based Institute for Energy Economics and Financial Analysis (IEEFA). Sanzillo, whose comments were...
News

‘Deafening silence’ on opportunities for Trinidadians in oil & gas sector – Ramnarine

OilNOW -
For a country with over 110 years of experience in the oil and gas sector, it is an unfortunate fact that talk of Trinidad and Tobago’s local content capacity have become nearly non-existent. This is the view of the...
News

IHS Markit applauds local content law, as Guyanese go after billions in oil investments

OilNOW -
IHS Markit said Guyana’s government should be lauded for successfully avoiding over-demanding or unrealistic targets that would delay investment before developing expertise in measuring and coordinating industrial development actions. This comment comes as locals go after billions in investments being...
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NewsShikema Dey -

Chevron’s entry strengthens Guyana oil sector despite Venezuela ties – Rystad Energy  

Chevron’s entry into Guyana’s Stabroek Block will not disrupt ongoing operations, according to Schreiner Parker, Partner and Head of...

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