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Despite political uncertainty in Guyana oil development remains intact – Morgan Stanley

OilNOW -
US multinational investment bank, Morgan Stanley, believes that oil development plans in the South American country of Guyana remain intact despite political uncertainty and a recent report pointing to anti-corruption investigations into the award of oil blocks. In a...
News

Guyana Energy Dept. says oil consultant not employed by ExxonMobil

OilNOW -
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe, in a statement on Friday evening said he outrightly rejects the claims published in a section of the media, that oil consultant Dr. Michael Warner, who was hired to...
News

Tullow Oil talks up local content with Guyana business group

OilNOW -
A team of officials from Tullow Oil, led by CEO Paul McDade, met with members of the Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday in Guyana’s capital, Georgetown, for wide-ranging discussions ahead of the company’s 3-well drill...
News

Dyna-Mac awarded contract for Liza Unity topsides

OilNOW -
Singapore-based Dyna-Mac will be working on the topside modules for the 220,000 bpd Liza Unity floating production storage and offloading vessel for ExxonMobil’s second development offshore the South American country of Guyana. According to a report in Upstream, Dyna-Mac confirmed...
News

SBM confirms award of Liza 2 floater contract

OilNOW -
SBM Offshore announced on May 10 that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Liza project in Guyana. “We are proud that...
Opinions

Macroeconomic effects of oil price volatility and the implications of energy subsidy reforms

Bobby Gossai, Jr. -
Sharp increases in the price of oil and other energy products are referred to as classical examples of negative supply shocks (Hamilton 2005). Increases in the price of oil lead to increases in the cost of production, which in...
News

Brazil government publishes additional rules regarding massive oil auction

OilNOW -
(Reuters) - Brazil’s government laid out on Wednesday some additional terms regarding a massive oil auction scheduled for later this year, in which it will sell off an oil-producing zone known as the transfer-of-rights area. In an official bulletin, the...
News

Ramps Logistics secures full integrated contract with Tullow for Guyana drill campaign

OilNOW -
Ramps Logistics has secured a fully integrated cross-border logistics contract inclusive of shore base provision and management, marine agency, personnel logistics, freight forwarding and customs brokerage, with UK-based Tullow Oil for its upcoming Guyana drill campaign. Further to this, a...
News

TechnipFMC secures contract iEPCI contract for TOR development

OilNOW -
TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters. This contract...
News

ExxonMobil contracts Noble Don Taylor for Guyana drill campaign

OilNOW -
ExxonMobil has contracted the drillship Noble Don Taylor for operations offshore the South American country of Guyana. This is according to a fleet status report from Noble Corporation which was published on April 18, 2019. The Noble Don Taylor has...
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Two oil nations, one engineering crisis: Guyana short, Trinidad shrinking

The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and...

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