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Saipem wins Spotlight on New Technology award for oil spill response

OilNOW -
Italian-based oil and gas contractor Saipem has won the Spotlight on New Technology award by OTC - Offshore Technology Conference, one of the most important international oil & gas industry events. OTC will be held from May 6-9 and as...
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Oil spill response: Guyana must be prepared for all eventualities – Dr. Bynoe

OilNOW -
Director of Guyana’s Department of Energy (DoE), Dr. Mark Bynoe, told a gathering on Monday on the outskirts of Georgetown, that even with the most robust safety systems in place, accidents occur, and as such, the South American country...
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Why billions of barrels of oil go untapped in Brazil

OilNOW -
(Bloomberg) There’s enough as-yet-unassigned oil under the Atlantic Ocean off Brazil’s Rio de Janeiro to keep the entire world running for almost six months. So why is the crude just sitting there? A contract dispute between oil giant Petrobras...
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Political discord hindering Guyana’s preparations for oil – Nigel Hughes

OilNOW -
Guyanese Attorney–At–Law, Nigel Hughes, believes that uncertainty surrounding the current political climate in the South American country following the December 21 passage of a no-confidence motion against the government is hindering its ability to effectively prepare for the start...
News

Taking advantage of opportunities in Guyana’s oil and gas sector

OilNOW -
- Hemichand Morgan talks about life at sea When you are the father of four children under 10 years old, being unemployed with no job in sight can stretch your endurance to the limit. Not long ago, Guyanese, Hemichand Morgan, was...
News

Eco Atlantic contracts Stena Forth for Guyana drill campaign

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. (aim:ECO)(EOG), along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V. (Operator), has contracted a rig, the Stena Forth, a sixth-generation drillship from Stena Carron...
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Contract for ExxonMobil Guyana cost-recovery audit could be awarded by March

OilNOW -
Thirteen companies have submitted Expressions of Interest (EOI) and five have been shortlisted with evaluations set to commence soon, for the award of a contract for the execution of ExxonMobil Guyana’s cost-recovery audit. Director of the Department of Energy in...
News

‘We are not discussing renegotiation of contract’ – Dr. Bynoe

OilNOW -
Head of Guyana’s Department of Energy (DoE), Dr. Mark Bynoe, says that renegotiation of the Production Sharing Agreement (PSA) between US oil major ExxonMobil and the South American country is not currently being discussed and reiterated that such a course...
News

TechnipFMC awarded large EPCI contract for Petrobras Mero 1 pre-salt field in Brazil

OilNOW -
TechnipFMC (NYSE: FTI) (PARIS: FTI) said on Wednesday it has been awarded a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of water depth offshore...
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Guyanese and Finnish companies collaborate for oil spill response

OilNOW -
Guyana’s GAICO Construction Inc and the Corena Group from Finland announced the signing of a joint venture agreement on Thursday in the South American country's capital city of Georgetown. Having recognized the growth of the oil and gas industry...
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Cutting-edge technologies giving exploration a sustainable future – Insights from SLB 

Andrea Lovatini, Director of Exploration Data and Geosolutions at SLB and Chairman of the EnerGeo Alliance Board, argues that...

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