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Stena Drilling seeking contractors for food, cleaning supplies in Guyana

OilNOW -
Stena Drilling, operator of the Stena Carron and Stena DrillMAX rigs on contract with ExxonMobil for operations offshore Guyana, is seeking contractors to supply a range of services from the second quarter of this year. “Food Services may be required...
News

Total starts oil production at Zinia Phase 2 in Angola

OilNOW -
Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, announce on Thursday the start of production from the Zinia Phase 2 short-cycle project, connected to existing Pazflor’s FPSO (Floating Production, Storage...
News

Ali wants oil revenue to help close gap between haves and have nots, will he succeed?

OilNOW -
Since gaining its independence from the British in 1966, Guyana has struggled to embark on a path of sustained economic growth that served to elevate living standards for its people, despite being endowed with significant natural resources, even before...
Exploration

Finnish Group, Guyanese companies join forces to handle waste from offshore oil & gas assets

OilNOW -
One of the newest Oil and Gas (O&G) support companies to enter Guyana’s petroleum industry is Sustainable Environmental Solutions Inc. (SES), made possible through a joint venture agreement between Finnish company, Corena Group Integrated Environmental Solutions, and local companies,...
Exploration

Exxon hits pay at Uaru-2 in 19th Guyana oil discovery

OilNOW -
ExxonMobil announced on Tuesday its 19th discovery offshore the South American country of Guyana at the Uaru-2 well which will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be...
News

Guyana driving subsea tree demand as number of oil fields targeted for development increase

OilNOW -
The base-case subsea tree demand for the 2021-24 period is now forecast at approximately 1050 units representing an upward revision of 60 units compared to a March outlook by consultancy group Westwood Energy. “The increase is due to ExxonMobil’s commitment...
News

TechnipFMC secures major subsea contract for Brazil field developments

OilNOW -
TechnipFMC has been awarded a major subsea contract from Petrobras for the Marlim and Voador fields, located offshore Brazil. TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes...
News

World’s biggest oil trader expects demand to come roaring back this year

OilNOW -
(Bloomberg) -- The head of Vitol Group, the world’s biggest independent oil trader, expects crude demand to come roaring back this year and next as the world emerges from the pandemic. Demand for crude will increase by 7 million to...
Exploration

Maersk Drilling bags four-well contract for Brazil campaign

OilNOW -
Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. The contract is expected to commence in the first...
Exploration

Time to act is now for Latin America oil producers, newcomer Guyana in position to soar

OilNOW -
Countries around the world including those in the Latin America and Caribbean region are taking measures to ramp up oil and gas production knowing that the window is closing for development of these resources at prices that would make...
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ExxonMobil warns oil and gas investment must be sustained to avoid global supply crisis

ExxonMobil is warning that “sustained investments are more important than ever” in oil and gas, with its newly released...

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