News

News

Guyana, India to explore cooperation in hydrocarbons sector

OilNOW -
Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed during a State Visit by India's Prime Minister Narendra Modi to Guyana, on November 20.  Guyanese Minister in the Office of...
News

Exxon pulls out of Suriname’s Block 52

OilNOW -
ExxonMobil has pulled out of Suriname’s Block 52, where three hydrocarbon discoveries have already been made. State oil company Staatsolie said the oil major’s local affiliate, ExxonMobil Exploration & Production Suriname B.V., formally indicated its withdrawal on November 14.  “The withdrawal...
News

bp secures NCMA 2 Block offshore Trinidad

OilNOW -
bp has been awarded the NCMA 2 block off Trinidad’s north coast during the Shallow Water 2023/24 bid round, which closed in May 2024. This will be a new exploration area for bp in Trinidad and Tobago, as its...
News

Exxon to host virtual feedback session for Guyana vendors

OilNOW -
ExxonMobil Guyana Limited (EMGL) is organizing a Contracting Activity Feedback Session for vendors on Thursday, December 12, 2024.  ExxonMobil initiates search for telecom cabling services in Guyana | OilNOW  The company indicated that the virtual meeting would run from 9:00 a.m....
News

Exxon testing Guyana market for fabrication, machining, and repair services

OilNOW -
ExxonMobil Guyana Limited (EMGL) is conducting a Local Market Condition Survey to assess the capabilities of local suppliers for fabrication, machining, and repair work.  The company in a public request for information said the survey aims to identify qualified suppliers...
News

Suriname Awareness Symposium for Jan. 2025 as country gears for first offshore oil development

OilNOW -
Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.  On a rainy...
News

SBM Offshore expects US$1.9 billion in EBITDA this year, driven by Guyana FPSO sales

OilNOW -
SBM Offshore has updated its 2024 guidance for earnings before interest, taxes, depreciation and amortization (EBITDA)to US$1.9 billion, representing a 46% increase from the previous US$1.3 billion projection.  This significant boost is primarily attributed to the completion of the US$1.23...
News

Guyana looking to Rubio for strong hand in controversy with Venezuela

OilNOW -
With Florida Senator Marco Rubio named as Donald Trump’s pick for Secretary of State, the Guyana government expects strong support from the upcoming United States administration in its border row with Venezuela.  “We’re very pleased also that Senator Rubio will...
News

Saipem, TechnipFMC hired for subsea work on Block 58 development

OilNOW -
Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation. The project will combine TechnipFMC’s subsea...
News

SBM Offshore, Technip Energies to deliver ‘all-electric drive’ FPSO for Suriname’s first deepwater development

OilNOW -
SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development project in TotalEnergies’ Block 58. Under these contracts, the duo will construct and install an all-electric drive floating production, storage and...
123...938Page 1 of 938

Latest News

NewsOilNOW -

Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...

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