News

News

Noble reports strong Q4 2024 performance, expands backlog with new contracts

OilNOW -
Noble Corporation reported a strong fourth quarter of 2024, bolstered by the full incorporation of its Diamond Offshore acquisition.  Noble’s contract drilling services revenue for Q4 2024 totaled US$882 million, up from US$764 million in Q3. The increase was driven...
News

With experience on its side, Suriname wants to help Guyana build hydro project

OilNOW -
Suriname is offering its expertise to support Guyana’s hydropower project, highlighting its experience in renewable energy. Staatsolie’s Managing Director, Annand Jagesar, said Suriname is ready to collaborate and share its knowledge. “We have a lot of hydro,” Jagesar said. “You...
News

Five wells, two surveys for Suriname’s offshore basin

OilNOW -
Five offshore exploration wells and two geological surveys are planned for Suriname in 2025, Staatsolie confirmed. Operators TotalEnergies, PETRONAS, Shell, Chevron, and QatarEnergy will drill across multiple blocks. In Block 58, TotalEnergies and APA Corporation continue development after their final...
News

“We’re not worried” – Guyana VP on Trump’s new energy policies 

OilNOW -
Vice President Bharrat Jagdeo has dismissed concerns that U.S. President Donald Trump’s energy policies could threaten Guyana’s oil industry. Speaking at the Guyana Energy Conference, Jagdeo said ExxonMobil’s continued investment signals confidence in future fossil fuel demand. “Exxon is just...
News

Local Content App unveiled, bringing opportunities to your fingertips

Shikema Dey -
The Local Content Secretariat (LCS) has launched the Local Content App, a digital tool designed to improve access to opportunities in Guyana’s oil and gas sector. The app provides real-time notifications on supply and job opportunities, making it easier...
News

Enough money saved in oil fund to clear Guyana’s external debt – Finance Minister

OilNOW -
Guyana’s Natural Resource Fund (NRF) has accumulated enough money to pay off the country’s external debt in full, Senior Minister with responsibility for Finance in the Office of the President, Dr. Ashni Singh, announced on Day three of the...
News

SBM Offshore reports record US$1.9 billion earnings in 2024

OilNOW -
SBM Offshore reported a record directional EBITDA (earnings before interest, taxes, depreciation, amortization) of US$1.9 billion for 2024, a 44% increase from the previous year. The earnings were driven in part by ExxonMobil’s purchases of the Prosperity and Liza Destiny...
News

More delays for Guyana’s landmark gas project

OilNOW -
At last year’s Energy Conference, Winston Brassington, Head of Guyana’s Gas-to-Energy Taskforce, announced that the project would be ready by mid-2025. This year, he returned with an update—its completion has been delayed. This relates to the facilities being constructed by...
News

Guyana wants to offer Corentyne acreage to another operator

OilNOW -
Guyana wants to offer the Corentyne acreage to another operator after it finally cancels the license of the CGX Energy and Frontera Energy group.  Minister of Natural Resources Vickram Bharrat told Reuters the block, where CGX discovered oil and gas,...
News

Brazil’s first FPSO unit with Sustainability-1 Notation starts production – SBM Offshore

OilNOW -
SBM Offshore said the Almirante Tamandaré is formally on hire as of February 16. The floating production, storage and offloading (FPSO) vessel is the first in Brazil to have the Sustainability-1 Notation from Bureau Veritas. The Notation recognizes the Company’s...
123...960Page 1 of 960

Latest News

NewsOilNOW -

With experience on its side, Suriname wants to help Guyana build hydro project

Suriname is offering its expertise to support Guyana’s hydropower project, highlighting its experience in renewable energy. Staatsolie’s Managing Director,...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks