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Over 50 development wells for Guyana’s biggest oil project

OilNOW -
The subsea umbilicals, risers, and flowlines (SURF) facilities for the Yellowtail project will be the largest to date offshore Guyana with over 50 development wells planned, making the contract for the supply and installation of this equipment among the...
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Guyana looking to play “passive investor role” in possible National Oil Company – Vice President

OilNOW -
Vice President of Guyana, Dr. Bharrat Jagdeo has announced that by September, a final determination will be made on whether the government will be establishing a National Oil Company (NOC) to develop oil and gas resources or opt to...
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Exxon wants gas-to-energy contractors to create employment opportunities for women – EIA

OilNOW -
Since the multi-million-dollar gas-to-energy project will be the first of its kind in Guyana, there will be heightened expectations related to job opportunities and business benefits, particularly for the community of Region 3 where the project is being rolled...
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Oil tumbles over China’s COVID-19 surge, reserve release

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(S&P Global Platts) Crude oil futures tumbled in mid-morning trade in Asia April 11 due to growing concerns over China's battle against a COVID-19 surge and the oil reserve release from consuming nations. At 10:21 am Singapore time (0221 GMT),...
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Exxon, government to collaborate on oil and gas training for Guyanese

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The Office of the President said that the government and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will team up to provide oil and gas training to locals. The commitment was made during a high-level meeting between officials...
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SBM Offshore confirms contract awards for ‘One Guyana’ Yellowtail FPSO

OilNOW -
SBM Offshore confirmed on Tuesday that it has been awarded contracts for the construction of the ‘One Guyana’ floating production, storage and offloading (FPSO) vessel by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). “Under these contracts, SBM Offshore...
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Analyst urges quick action on approval of Guyana’s largest oil development to date

OilNOW -
Negotiations are underway for the Stabroek block consortium to provide a guarantee that they would have adequate resources to respond to an oil spill. Arthur Deakin, who is energy co-director at Americas Market Intelligence (AMI), said that while this...
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Saipem bags US$325 million contract for drilling campaign offshore Norway

OilNOW -
Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway. The operations are expected to start from the end of Q4 2022, upon termination of the works in which Scarabeo 8 is currently engaged. Scarabeo...
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Oil rally continues as peace talks stall

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(Reuters) - Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre prolonged disruption to oil supply. Brent crude futures...
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Norway’s Equinor will stop trading Russian oil after this month

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(S&P Global Platts) Norway's state-controlled Equinor is to stop trading or transporting Russian oil, it said late March 14, following a decision to exit its Russian joint ventures in response to the invasion of Ukraine. In a statement, Equinor said...
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Promises for oil & gas unveiled as Guyana’s landmark elections now just days away  

Oil is a major discussion point ahead of Guyana’s September 1 general election. The ruling People’s Progressive Party/Civic (PPP/C)...

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