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T&T Energy Ministry to investigate rig collapse that left worker missing

OilNOW -
Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the Heritage Offshore East Field of Trinidad and Tobago on Sunday morning. T&T media is reporting that the rig collapsed. The Ministry of Energy...
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ExxonMobil completes purchase of Destiny FPSO for US$535 million

OilNOW -
ExxonMobil Guyana has purchased the Liza Destiny floating production, storage and offloading (FPSO) vessel, SBM Offshore said in a December 19 release. The transaction comprised a total cash consideration of c. US$535 million. The net cash proceeds will primarily be...
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Shearwater mobilizes Amazon Warrior for 3D survey offshore Suriname

OilNOW -
Norwegian marine geosciences company Shearwater is deploying its Amazon Warrior vessel for a 150-day, 6,042 sq km 3D seismic survey for Petronas in Suriname's offshore Blocks 63 and 52.  The operation will cover areas in the Suriname Basin, southeast of...
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Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana

OilNOW -
With December 19, 2024, marking five years of oil production in Guyana, ExxonMobil said its deepwater projects are the “most successful” in the world. The company is hailing its first five years as a significant achievement underscoring the potential...
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Vreed-en-Hoop shorebase completed ahead of Yellowtail start-up

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The US$300 million Vreed-en-Hoop Shorebase Inc. (VEHSI) project was completed in December. Guyana's President, Irfaan Ali, visited the facility on Wednesday afternoon, where he was informed about the project's development. Phases one, two and three, which currently occupy 44...
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US$60M fuel blending facility planned for Guyana 

OilNOW -
A US$60 million fuel blending facility - the first of its kind in Guyana - is up for environmental approval.  The Environmental Protection Agency (EPA) has screened the application for the project but has not yet granted permission for the...
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Guyana Police Force to establish oil and gas unit in 2025

OilNOW -
The Guyana Police Force (GPF) is set to launch a specialized Oil and Gas Unit in 2025, enhancing its capacity to manage security in the country’s rapidly expanding petroleum sector. Acting Commissioner of Police Clifton Hicken announced the initiative during...
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“Largest foreign investment in Guyana’s history” – Top US official backs US$2 billion energy project

OilNOW -
A U.S. loan backing the Gas-to-Energy project represents the “largest foreign investment in Guyana’s history,” according to U.S. Assistant Secretary of State for Western Hemisphere Affairs, Brian A. Nichols. During a December 17 foreign press briefing on U.S. priorities in...
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ExxonMobil names Tenaris 2024 Supplier of the Year

OilNOW -
ExxonMobil has awarded Tenaris its 2024 Supplier of the Year title, recognizing the company’s global performance and alignment with ExxonMobil’s values. The announcement was made on December 16, 2024. “Over the past year, Tenaris has consistently demonstrated superior performance globally...
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Guyana increasing over 50,000 gov’t employees’ salaries by 45% in five years 

OilNOW -
More than 50,000 government employees in Guyana are seeing their salaries increased by a minimum 45% in a five-year period. The group includes teachers, police, firemen, and soldiers. The salary increases started in 2021 after the new government took office....
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T&T Energy Ministry to investigate rig collapse that left worker missing

Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the...

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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