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Global oil and gas contract activity reports downtrend – GlobalData

OilNOW -
The global oil and gas industry has witnessed a significant slowdown in the number of oil and gas contracts and contract value, which is largely attributed to the decline in crude oil prices and reduced demand amid the COVID-19...
Exploration

US rig count set for dramatic 65% free-fall

OilNOW -
US oil and gas companies are putting the brakes on drilling due to the combined global effect of the COVID-19 pandemic and declining oil prices, according to new research from industry analyst Rystad Energy. In a recent report, Rystad Energy...
Discoveries

Offshore drillers look to Guyana, Suriname as global market struggles to recover – S&P Global

OilNOW -
(S&P Global) Off the coasts of Guyana and Suriname, exploration and production companies are turning to offshore drillers and services providers to help them discover then recover massive amounts of crude oil locked beneath the floor of the Atlantic...
News

Guyanese companies praise networking opportunities at GIPEX 2019

OilNOW -
As day two of the Second Annual Guyana International Petroleum Exhibition (GIPEX) continued on November 21, at the Guyana Marriott Hotel, local companies have reported that they are benefiting from immense networking as well as business opportunities. Additionally, the University...
News

TOTALTEC nominated for Oilfield Service Company of the Year

OilNOW -
Guyanese services company TOTALTEC Oilfield Services has announced that it has been shortlisted for Oilfield Services Company of the Year at this year’s World Energy Capital Assembly Awards to be held in London, December 4, 2019. A statement from TOTALTEC...
News

A subsea giant could be in the making with Saipem, Subsea 7 merger

OilNOW -
A merger between Italian-based Saipem – one of ExxonMobil’s Prime Contractors for its offshore project in Guyana – and UK-based Subsea 7 would create a subsea giant in the oilfield services industry. Commenting on unconfirmed reports that such a merger...
News

Exxon awards contract for ‘biggest-ever private investment’ in Africa

OilNOW -
Exxon Mobil Corp. has awarded a contract to develop its Mozambique liquefied natural-gas project – said to be the biggest-ever private investment in Africa – to a JGC Corp.-led group, Bloomberg said in a report on Tuesday. Japanese company JGC...
News

Over 70 contractors participate in Exxon safety workshop

OilNOW -
ExxonMobil Guyana held a safety workshop on Thursday for companies that provide onshore services to support its operations. The workshop focused on life saving actions, learning from incidents, field leadership and workforce engagement. Staged at the Pegasus Hotel in Kingston,...
News

Exxon Country Manager talks up safety

OilNOW -
ExxonMobil Guyana has reemphasized its commitment to a culture of safety by staging a related workshop for contractors today at the Guyana Marriott Hotel. The Contractor Safety Management Workshop focused on integrated planning, safe execution of work and safety leadership...
News

FID and key terms in O&G industry

OilNOW -
FID is the Final investment decision to invest in a project, typically made by the board and executive committee of oil companies. At this point, major risks have been mitigated and concerns addressed. The project then moves to execution,...
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Guyanese soldiers repeatedly attacked by armed men on Venezuelan shore during river patrols on Wednesday

The Guyana Defense Force (GDF) said on Thursday that its troops came under attack by armed men in civilian...

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