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Guyana, India to explore cooperation in hydrocarbons sector

OilNOW -
Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed during a State Visit by India's Prime Minister Narendra Modi to Guyana, on November 20.  Guyanese Minister in the Office of...
News

Exxon pulls out of Suriname’s Block 52

OilNOW -
ExxonMobil has pulled out of Suriname’s Block 52, where three hydrocarbon discoveries have already been made. State oil company Staatsolie said the oil major’s local affiliate, ExxonMobil Exploration & Production Suriname B.V., formally indicated its withdrawal on November 14.  “The withdrawal...
News

bp secures NCMA 2 Block offshore Trinidad

OilNOW -
bp has been awarded the NCMA 2 block off Trinidad’s north coast during the Shallow Water 2023/24 bid round, which closed in May 2024. This will be a new exploration area for bp in Trinidad and Tobago, as its...
News

Exxon to host virtual feedback session for Guyana vendors

OilNOW -
ExxonMobil Guyana Limited (EMGL) is organizing a Contracting Activity Feedback Session for vendors on Thursday, December 12, 2024.  ExxonMobil initiates search for telecom cabling services in Guyana | OilNOW  The company indicated that the virtual meeting would run from 9:00 a.m....
Opinions

Guyana and Oil – Lessons from Kazakhstan?

OilNOW -
By Greg Quinn - OilNOW I’ve served as a British diplomat in both Guyana and Kazakhstan. There are some interesting lessons to be learnt from comparing and contrasting both countries. There does not seem to be a natural connection but they...
Stories Beyond the Barrel

Safina Lutchman: Matpal’s First Female Graduate in Shipboard Navigation

OilNOW -
Cadet Safina Lutchman has made history as Matpal Marine Institute’s first female graduate in Shipboard Navigation, an achievement that underscores her determination and trailblazing spirit. At just 30 years old, Lutchman has carved out a path in Guyana’s maritime...
News

Exxon testing Guyana market for fabrication, machining, and repair services

OilNOW -
ExxonMobil Guyana Limited (EMGL) is conducting a Local Market Condition Survey to assess the capabilities of local suppliers for fabrication, machining, and repair work.  The company in a public request for information said the survey aims to identify qualified suppliers...
Guyana's Oil Ledger

Guyana government’s 2024 receipts from oil production exceed US$2 billion

Kemol King -
Guyana’s Natural Resource Fund (NRF) received more than US$2 billion in revenue projected this year and is set to receive several hundred million more by year-end.  The Fund received US$151.4 million in oil sales revenue in October, representing payments for...
News

Suriname Awareness Symposium for Jan. 2025 as country gears for first offshore oil development

OilNOW -
Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.  On a rainy...
News

SBM Offshore expects US$1.9 billion in EBITDA this year, driven by Guyana FPSO sales

OilNOW -
SBM Offshore has updated its 2024 guidance for earnings before interest, taxes, depreciation and amortization (EBITDA)to US$1.9 billion, representing a 46% increase from the previous US$1.3 billion projection.  This significant boost is primarily attributed to the completion of the US$1.23...
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Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...

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