News

Nine big companies vying for farm-in to Orinduik Block – Gil Holzman

Chief Executive Officer (CEO) at Eco (Atlantic) Oil & Gas, Gil Holzman said there are nine companies vying to farm into the Orinduik Block.  “We are planning to finalise this process hopefully in the next couple of months. Depends on...

Local Content Summit returns in April to ‘Create Value, Drive Expansion’

Following the success of the inaugural Local Content Summit in 2023, the 2024 Summit is set to take place on April 16, 2024, at the prestigious Pegasus Suites and Corporate Centre. With the theme “Creating Value. Driving Economic Expansion,”...

Ultra-deepwater rig shortage escalates, rates soar – Wood Mackenzie

Wood Mackenzie, a leading energy research and consultancy firm, has reported a shortage of ultra-deepwater (UDW) rigs and its significant impact on the industry.  According to the report, the supply chain strain has led to an extreme scarcity of UDW...

US, Guyana oil output surge aids global supply amid OPEC cuts – EIA

U.S. crude oil production is set to outpace previous expectations, reaching 13.19 million barrels per day (b/d) this year, a slight increase from the initial projection of 13.1 million b/d, according to the Energy Information Administration's (EIA) Short-Term Energy...

Oceaneering invests in cutting-edge technology to revolutionize subsea geotechnical surveying

Oceaneering International recently made an advancement in subsea geotechnical surveying by placing an order with UK-based Feritech Global for an auto-drop piston corer. It said the next-generation equipment is anticipated to revolutionize the process of extracting sediment samples from...

Stabroek Block co-venturers expand training to more technical institutes

The Greater Guyana Initiative (GGI), in partnership with the Ministry of Education, Council for Technical and Vocational Education Training (C-TVET), and LearnCorp International, has launched Phase II of its technical and vocational training program across Guyana.  Building upon the success...

G-PORT says workforce now 100% Guyanese

G-Port, a joint venture (JV) between the Lousiana-based Edison Chouest and John Fernandes, now boasts a workforce that is 100% Guyanese.  That update was provided by Edison Chouest’s Business Development Officer, Daniel Lafont speaking exclusively to OilNOW on March 14....

Venezuela, Trinidad discuss developing Manakin-Cocuina cross-border gas

Venezuela and Trinidad and Tobago are in talks for cross-border development of the Manakin-Cocuina gas field, according to updates from PDVSA and the Energy Chamber of Trinidad and Tobago. Manakin, on the Trinidad side, is in the bpTT-operated Block...

BREAKING: Exxon makes new discovery at Bluefin off Guyana coast

ExxonMobil Guyana said it made a discovery at the Bluefin well in the Stabroek Block offshore Guyana, its first this year. The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by the Stena Drillmax...

New Hayven Merchant Bank arranges US$25M finance for new Guyana shorebase

New Hayven Merchant Bank has facilitated a US$25 million financing facility for Vreed-en-Hoop Shorebase Inc. (VEHSI).  Collaborating closely with an external financial entity, New Hayven Merchant Bank said it led the structuring and deployment of the arrangement, tailored specifically to...

Latest News

Nine big companies vying for farm-in to Orinduik Block – Gil Holzman

Chief Executive Officer (CEO) at Eco (Atlantic) Oil & Gas, Gil Holzman said there are nine companies vying to...