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Exxon’s fibre optic cable has landed; command centre for completion this year

OilNOW -
ExxonMobil Guyana’s fibre optic cable has landed, Guyana Vice President Bharrat Jagdeo said during a December 28 press conference. Ongoing construction of an offshore command centre at Ogle, East Coast Demerara, is expected to conclude this year. The installation of...
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Seadrill secures US$1.1 billion in contracts with Petrobras for drillships in Brazil

OilNOW -
Offshore drilling giant Seadrill Limited has clinched fixed-term contracts from Petrobras, Brazil's state-controlled oil company, for its drillships, West Auriga and West Polaris.  These contracts, acquired through a rigorous competitive bidding process, have a duration of 1,064 days and are...
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SBM Offshore-built FPSO goes into production at Brazil’s Mero field

OilNOW -
State-owned Brazilian multinational corporation Petrobras announced on Sunday that oil production got underway at the Sepetiba platform, in the Mero field, Libra block, in the pre-salt of the Santos Basin. The company said this is Mero's third production system, with...
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Guyana Oil & Gas: What to look forward to in 2024

Kemol King -
The year 2024 is expected to welcome a massive expansion of operations in Guyana’s oil and gas industry. New blocks will be awarded, oil developments will advance, and the prospect of gas development will shift into focus.  Here is a...
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Guyana targeting free university education, increased food production and boosting defense capabilities in 2024 – President

OilNOW -
The world's fastest growing economy, powered by massive oil reserves off its coast, is targeting major development projects in 2024. ...
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Expro seeks bids for deepwater rig sling and shackle inspection

OilNOW -
Expro, a global leader in tubular services and well solutions, has requested expressions of interest (EOI) for combined ‘sale and service’ related to sling and shackle inspection on deepwater drilling rigs. This is meant to support its work in...
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OilNOW’s top stories of 2023

OilNOW -
Here are the stories that you, the readers, were most interested in, last year: January: Exxon strikes more oil at Fangtooth well offshore Guyana The first discovery made offshore Guyana in 2023 was at Fangtooth Southeast, an appraisal well that indicated...
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Demerara bridge replacement reaches 33% completion, concrete pouring advancing to western end

OilNOW -
The Demerara Harbour Bridge replacement project hit a milestone, reaching 33% completion.  China Railway Construction (Caribbean) Co. Limited reported progress with 378 workers across two sites: Peter’s Hall on East Bank Demerara and La Grange on West Bank Demerara.  Concrete pouring...
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Petrobras expands presence in Sao Tome & Principe offshore Africa 

OilNOW -
Petrobras, the Brazilian state oil producer, has acquired significant stakes in three offshore blocks in Sao Tome & Principe through a deal with Shell, marking its re-entry into African exploration. Under this agreement, Petrobras secured a 45% interest in blocks...
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U.S. bolsters Strategic Petroleum Reserve with 3 million barrels 

OilNOW -
The United States has taken steps to fortify its Strategic Petroleum Reserve (SPR) by securing an additional three million barrels of oil, as announced by the Department of Energy (DOE) on December 26.  Scheduled for delivery in March 2024, the...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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.

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