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Exploration

Edison Chouest opens ‘G-Boats’ office in new South American oil & gas hotspot

OilNOW -
US marine transportation service provider Edison Chouest Offshore launched its G-Boats (Guyana) Inc. office in the South American country of Guyana on Friday. Edison Chouest entered Guyana in January 2016 with three vessels and has now increased its fleet to...
News

Liza Tier 1 contractor TechnipFMC sign major deal with MIDOR

OilNOW -
ExxonMobil Guyana Liza Tier 1 contractor TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt. This EPC contract covers the debottlenecking...
News

Brazil’s oil, gas reforms likely to continue under new President

OilNOW -
Brazil’s oil and gas industry is expected to continue seeing reforms boosting both investments and production, as President-elect Jair Bolsonaro puts an end to 16 years of labor party rule. The so-called far-right candidate won Sunday’s second round of voting...
News

Nigeria heads to sea in search of future for oil producers

OilNOW -
(Bloomberg) When it comes to the future of its oil industry, Nigeria is looking miles out to sea. By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath...
Opinions

The financial sector and business cycle linkages in the emerging Guyanese oil economy

Bobby Gossai, Jr. -
The recent oil price fluctuation has created concerns for many oil-exporting countries and particularly for the Organization of the Petroleum Exporting Countries (OPEC) members. For Gulf countries, hydrocarbon exports represent more than half of total exports. Oil revenues account...
News

Saipem, Petrofac and Samsung awarded US$4B onshore E&C contract in Thailand

OilNOW -
Saipem, in consortium with Petrofac and Samsung, has been awarded a new Onshore E&C contract in Thailand for the expansion of the Sriracha refinery. The total value of the project is approximately 4 billion USD. In a press release on...
News

Ratio Petroleum gunning for oil & gas in the Philippines

OilNOW -
Ratio Petroleum Ltd., the parent company of Ratio Guyana Limited which holds a 25% interest in the Kaieteur Block in Guyana along with partners, Esso Exploration & Production Guyana Limited (35% & Operator), Cataleya Energy Limited (25%) and Hess...
News

Oil & gas will create major opportunities for tourism, food and beverage sectors – Ramesh Persaud

OilNOW -
The Institute of Private Enterprise Development (IPED) in Guyana is encouraging entrepreneurs to examine opportunities that are aligned with the country’s emerging oil and gas sector and to see how best they can tap into those. This view was articulated...
News

“We do not want to send mix signals to contractors, operators” – EPA boss

OilNOW -
Guyana’s Environmental Protection Agency (EPA) and the Department of Energy must work closely to support the Government’s policy for the oil and gas sector. This is the view of the newly appointed Director of the EPA, Dr. Vincent Adams,...
News

Brazil was forced to ease local content rules after oil output dropped significantly

OilNOW -
Under stringent local content requirements in the South American country of Brazil, oil production and the growth and development of the petroleum industry were significantly affected. The government was forced to take steps to loosen local content rules that...
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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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