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Oil holds steady after OPEC+ failed to reach consensus on production at July 1 meeting

OilNOW -
(S&P Global Platts) Crude oil futures were steady during mid-morning trade in Asia July 2 as the market awaited clarity on OPEC+'s production plans for August onwards, after the producer group failed to reach consensus at a fractious July...
News

Top refiner in India buys first tanker load of Guyanese oil, sources tell Reuters

OilNOW -
(Reuters) - Indian Oil Corp., the country's top refiner, has made its first purchase of Guyana's Liza light sweet crude as it seeks to diversify its crude purchases, a source familiar with matter said. The 1-million-barrel cargo will set sail...
News

Chevron and Qatar Petroleum consortium win bids for Suriname oil blocks

OilNOW -
Chevron Exploration Suriname Limited and a consortium consisting of TotalEnergies and Qatar Petroleum have submitted the most favourable bids for shallow offshore blocks in Suriname’s recently concluded bid round. State oil company Staatsolie Maatschappij Suriname N.V. said on Friday Chevron...
News

Another S/American country looking to increase oil & gas investments, speed up production

OilNOW -
Countries across the Latin America and Caribbean region have been increasingly pursuing measures that would enhance the competitiveness of their oil and gas sector and speed up production. Brazil, Trinidad and Tobago, Suriname and new oil producer Guyana are...
News

Caribbean governments want to develop oil & gas resources as fast as possible

OilNOW -
Despite criticism by some groups in Guyana that the country is moving too quickly with the development of its vast hydrocarbon resources, the government there as well as authorities in other Caribbean territories have recognised that the window to...
News

Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

OilNOW -
Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a contract by Petróleo Brasileiro (Petrobras) for the construction of the Floating Production Storage and Offloading...
News

Eureka Atlantic Offshore Medical Services is now top provider of COVID-19 testing in oil industry

OilNOW -
Since its establishment in 2017, Eureka Atlantic Offshore Medical Services (EAOMS) is proving on a daily basis, that partnerships between local and foreign companies can be highly successful in penetrating the supply chain for Guyana’s oil industry. It has...
News

Ali calls on Guyanese investors to position themselves for opportunities in Suriname’s oil boom

OilNOW -
While it is crucial for local investors to position themselves to benefit from the opportunities that lie in Guyana’s booming oil sector, they should also take caution in not having tunnel vision. According to President Irfaan Ali, Guyanese investors...
News

Tougher local content measures will be implemented if Guyanese are bypassed by oil companies, President warns

OilNOW -
If Guyanese are bypassed by oil companies for jobs and business opportunities in the burgeoning petroleum sector, then the government would be forced to change its policy on local content, says President of the South American country, Dr. Irfaan...
Exploration

Guyana oil minister calls on investors to work with locals

OilNOW -
To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at...
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NewsShikema Dey -

Timothy Ramkissoon: From first hire to leadership at TechnipFMC

When Timothy Ramkissoon joined TechnipFMC in 2017, oil and gas activities in Guyana were now picking up. “My story is...

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