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OPEC sees world oil demand up by 2.2M barrels per day in 2023; Guyana still on track to drive growth

Shikema Dey -
OPEC – the Organisation of Petroleum Exporting Countries – forecasts a hike in the world oil demand in 2023 by at least 2.2 million barrels per day (bpd) year-on-year, according to its latest Oil Market Report. OPEC said that Organisation...
News

Oil wealth must drive inclusionary growth; steer clear of corrupt vices – US Ambassador to Guyana

OilNOW -
As Guyana continues efforts to build out a robust regulatory and legislative framework for the oil industry, it would also be wise to keep its eyes on policies and programmes that target inclusionary growth. United States Ambassador to Guyana,...
News

Expect acceleration of gas-led activity in 2023 – Wood Mackenzie

OilNOW -
Come 2023, Consultancy Group Wood Mackenzie expects there to be a significant acceleration of global gas-led activity. In its latest ‘5 THINGS TO LOOK FOR IN 2023’ report, WoodMac anticipates a rapid or modular monetisation of gas assets. It...
News

Saipem seeking local welders for Guyana operations

OilNOW -
Italian contractor Saipem is looking for local welders to assist with its operations offshore Guyana. According to a notice posted by Country Manager, Gianluigi Della Rosa to LinkedIn, the selected welders must be able to operate an electrode holder, welding...
Energy Insights

Guyana goes after reforms to modernise oil sector

OilNOW -
In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and future contracts. In just two years, the government has embarked on a number of legislative and...
News

Project to develop up to 76 wells will push Guyana’s output above 1 million bpd milestone

OilNOW -
ExxonMobil Guyana is seeking Environmental Authorisation for a proposed fifth deep water petroleum development project in the eastern portion of the Stabroek Block offshore the South American country, in the Uaru, Mako and Snoek Fields. The project, which will consist...
News

Hess ranks high on two Dow Jones Sustainability Indices

OilNOW -
US oil producer, Hess Corporation, has announced that it has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 13th consecutive year. This is the first time that Hess has been included in...
News

Italian company clinches US$1.2 billion in contracts for Guyana, Egypt projects

OilNOW -
Italian multinational oilfield services company Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately 1.2 billion USD. The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the Uaru oil...
News

SBM Offshore continues Guyana student outreach with Industrial Training Centre visit

OilNOW -
SBM Offshore is continuing its school outreach programme, this time, visiting the Guyana Industrial Training Centre in Georgetown. The company engaged with part-time and full-time students of the Guyana Industrial Training Center (GITC) to apprise them of its role in Guyana and the career choices...
Exploration

Exxon aiming for jackpot at Tarpon-1 offshore Guyana

OilNOW -
ExxonMobil is ramping up its exploration activities offshore Guyana, targeting a new prospect at the 6.6 million acres Stabroek Block. Guyana’s Maritime Administration Department (MARAD) said in a notice that the company Guyana will be engaged in exploration drilling operations...
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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool....

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