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News

Iran, Venezuela ink deal to see more cooperation on energy matters

OilNOW -
Iran and Venezuela became allies after being saddled with heavy US sanctions. Now, the two nations have strengthened their bond with a new agreement to see closer cooperation in the energy sector.  The deal was signed by the energy ministers...
News

GAICO chief takes over chairmanship of Guyana Private Sector Commission

OilNOW -
Komal Singh, Managing Director of GAICO Construction and General Services Inc., was elected Chairman of Guyana’s Private Sector Commission (PSC).  The election of the 2023-2024 Executive occurred during the PSC’s Annual General Meeting on Tuesday, April 18 at the Marriott...
News

Guyana’s Petroleum portal back up after hacking spurred by Court ruling on border case

OilNOW -
Guyana’s Petroleum Management Programme has been restored one week after hackers vandalised the website. The malicious attack left the pages littered with graphics claiming ‘EL ESEQUIBO ES VENEZUELA’, a statement promoting Venezuela’s position on the border controversy, and maps...
Exploration

Exxon conducting more drilling operations at prolific Fangtooth reservoir

OilNOW -
ExxonMobil is moving forward with more drilling operations at the Fangtooth SE-1 well site in the Stabroek Block offshore Guyana.   OilNOW understands the Stena Carron rig will be engaged in the drilling activities situated approximately 100.8 nautical miles (186.6...
News

Tenaris grants Roberto Rocca Education Program Scholarships to four Guyanese students

OilNOW -
Tenaris, a supplier of steel tubes and related services for the energy industry, has awarded four Guyanese students with the Roberto Rocca Education Program scholarships. The scholarship recognises the students' outstanding academic achievements and aims to foster technical education...
News

Shell restarts North Sea operations with big focus on gas production

OilNOW -
Shell U.K. Ltd., a subsidiary of Shell plc, has completed the restart of operations at the Pierce field in the UK Central North Sea, following a significant upgrade to allow gas to be produced after years of the field...
News

SLB gets fresh impact study waiver from EPA for Guyana facility

OilNOW -
Schlumberger, now SLB, has been granted a fresh exemption from the requirement to conduct an Environmental Impact Assessment (EIA) for its source storage and calibration facility in Guyana, located at Houston, East Bank Demerara.  The first was quashed by the...
News

Guyanese marine player acquires majority stake in Bourbon joint venture 

OilNOW -
French offshore vessel player Bourbon said on Monday that Guyanese company Tethys Marine & Logistics, is now a 51% shareholder of the Bourbon Guyana Joint Venture. It said Guyanese now represent 75% of its directorship. A Guyanese company is defined...
News

Noble forging ahead with plans to increase local capacity in South America’s hottest basin 

OilNOW -
Building Guyana’s local capacity remains paramount to Noble Corporation, the driller with the most rigs in the ExxonMobil-operated Stabroek Block.  Noble said its four-year Local Content Master Plan draws on set targets to use locals where applicable and invest in...
Exploration

Total getting Block 58 “volumes right” before FID, likely in 2024 – Staatsolie asset manager

OilNOW -
Exploration and non-operated venture asset manager at Suriname’s state-owned Staatsolie, Patrick Brunings is confident of a final investment decision for Block 58 next year.  Brunings told Hart Energy that operator TotalEnergies and APA Corporation are quantifying the finds it has...
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NewsIşıl Güneş -

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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