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MODEC, Carbon Clean sign MoU to advance FPSO-based carbon capture

OilNOW -
MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and potential deployment of onboard carbon capture systems for offshore production vessels. This is according to a recent release from MODEC.  The...
News

Shell hires Subsea7 to support Aphrodite gas development offshore Trinidad

OilNOW -
Shell has awarded a sizable subsea installation contract to Subsea 7 to support the development of the Aphrodite gas field offshore Trinidad and Tobago, the subsea engineering contractor said on Monday. The project, located in Block 5a within the East...
News

Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

OilNOW -
Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia. The 121-kilometre roadway is being upgraded to link Guyana’s coast to its hinterland. It will also serve as a critical...
News

A historic year for Suriname’s energy sector: From SEOGS 2024 to 2025

OilNOW -
Between the 2024 installment of the Suriname Energy Oil and Gas Summit and Exhibition (SEOGS) and its return this June, the country’s energy sector has experienced its most transformative changes to date.  Suriname is no longer standing at the edge...
News

Trinidad looks to Shell for increased Manatee gas volumes

OilNOW -
Trinidad and Tobago’s Ministry of Energy and Energy Industries says it will work with Shell to explore opportunities to increase expected gas volumes from the Manatee field, as the government moves to tackle a domestic gas shortage and stabilize...
Opinions

Letter-to-the-Editor: Guyana’s oil and gas sector is experiencing responsible growth

OilNOW -
Dear Editor, I am constantly engaged with reports across a range of industries—none more prominent in recent years than the oil and gas sector in Guyana, which continues to attract attention from international organizations and potential investors. The recent oil spill...
News

Guyana seeks more carbon credit deals to fund climate goals

OilNOW -
Guyana is pursuing new carbon credit agreements to support its climate adaptation and mitigation efforts, Minister of Natural Resources Vickram Bharrat has confirmed. “We are open to engagement with any company,” Bharrat told S&P Global during an interview in April....
News

IEA warns of major drop in oil investment as clean energy gains momentum

OilNOW -
Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the steepest since 2016. This is according to the International Energy Agency (IEA) in its World Energy Investment 2025 report, released...
Stories Beyond the Barrel

From curiosity to career: Trainee Derrickman finds purpose on Stena DrillMAX

Shikema Dey -
Steve Sirkissoon has always been fascinated by the offshore world. Now, as a trainee derrickman aboard the Stena DrillMAX, he's living that dream. “It's a relatively new industry in our country, but I have always been interested in offshore working...
News

Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

OilNOW -
Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has warned that deadly force will be used against unidentified vessels entering the country’s waters from Venezuela, prompting criticism from former Prime Minister Stuart Young. Young warned that the move could jeopardize...
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MODEC, Carbon Clean sign MoU to advance FPSO-based carbon capture

MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and...

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