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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...
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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...
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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...
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‘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...
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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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Demand for land increases with oil and gas prospects

OilNOW -
As the development of Guyana’s oil and gas resources continues, the Guyana Lands and Surveys Commission (GL&SC) has seen an increased demand for land. “There is a lot of interest in…waterfront lands and many people have their own idea about...
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Noble Tom Madden’s contract with Esso ends February 2019

OilNOW -
The contract for the drillship Noble Tom Madden, which has been drilling exploration wells in the Stabroek Block offshore Guyana for ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., is scheduled to come to an end mid February 2019,...
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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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