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Unlock Your Potential: Blue Water Shipping extends training to Guyanese nationals

OilNOW -
The logistics and supply chain management industry is becoming an increasingly important facet in Guyana’s oil and gas industry. And Blue Water Shipping is ensuring that Guyanese get the best training to provide A-class services locally through its extensive...
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EITI to launch 2023 Standard in Senegal on June 13 

OilNOW -
The Extractive Industries Transparency Initiative (EITI) has introduced its updated 2023 Standard, which includes significant revisions aimed at addressing corruption risks and facilitating the global energy transition. The EITI Board has agreed on these revisions, which will be officially...
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Africa Oil, Total drop East Africa project, leaving Tullow to find new partners

OilNOW -
Tullow Oil plc, a global independent oil and gas exploration and production firm, has acquired full control of Project Oil Kenya in Turkana County. This takeover comes after the withdrawal of Tullow's two joint venture partners, Africa Oil Corp...
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Aker Solutions selected to deliver Dynamic and Static Subsea Umbilicals for ExxonMobil’s Uaru project

OilNOW -
Aker Solutions, a leading global provider of engineering and subsea services, has been awarded a substantial contract from ExxonMobil Guyana for the Uaru project. The contract entails the provision of dynamic and static subsea umbilicals and includes the delivery...
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Chevron augments its US position with PDC energy acquisition

OilNOW -
In a move to strengthen its position in key U.S. production basins, Chevron Corporation has announced its plans to acquire PDC Energy, Inc. in an all-stock transaction valued at US$6.3 billion. The agreement, which was reached with a premium...
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Guyana received US$421 million out of US$1.6 billion 2023 oil funds as of April

Kemol King -
With a third of the year past, Guyana has received 26% of the US$1.63 billion in 2023 revenues which the Ministry of Finance projected would be deposited into the country's oil fund. The US$421 million received, accounts for payments...
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Guyana certifies major oil companies local content compliant after successful 2022

OilNOW -
TechnipFMC, Halliburton, Baker Hughes, Saipem, and ExxonMobil have received approvals for their 2023 Local Content Annual Plans.  The event, held May 15, saw the presence of the Minister of Natural Resources, Vickram Bharrat, along with key representatives from the aforementioned...
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Softening loan requirements could help leapfrog more businesses to opportunities in oil sector – Report

OilNOW -
As Guyana’s oil sector continues to give rise to a multiplicity of business opportunities, the Inter-American Development Bank (IDB) recently asserted that there are several hurdles authorities must address to ensure citizens are able to effectively leapfrog to these...
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Guyana is Suriname’s best bet for natural gas

Shikema Dey -
Suriname’s mega port coined Firebird LNG will see US$5.4 billion being invested to create a shore base and an economic zone - similar to that of the Vreed-en-Hoop Shore Base Inc. (VEHSI) which will service ExxonMobil Guyana’s Yellowtail development.  Phoenix...
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Guyana tax regulator boosting capacity for oil audits

OilNOW -
With five sanctioned projects in the Stabroek Block, and a sixth in the pipeline for review, the Government of Guyana has mandated its regulators to establish a special oil and gas auditing unit to keep track of the growing...
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TotalEnergies ready to spend ‘tens of millions’ for seismic, geophysical surveys in Guyana’s S4 Block – Exploration VP 

With the Petroleum License signed, TotalEnergies is gearing up to expend “tens of millions” in seismic and geophysical surveys...

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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