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Letter-to-the-Editor: GEC is a conference for all Guyanese

OilNOW -
Dear Editor, When the annual Guyana Energy Conference and Supply Chain Expo is hosted, this little giant of a country is given a unique spotlight. With that spotlight comes the opportunity for Guyanese entrepreneurs to network with major investors worldwide....
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Exxon’s Longtail FPSO will substitute water injection capacity with more gas – Routledge

Shikema Dey -
ExxonMobil’s planned Longtail floating production storage and offloading (FPSO) unit will have a significantly unique design from earlier Guyana developments, with increased gas compression and no water injection. Alistair Routledge, President of ExxonMobil Guyana, told OilNOW in an exclusive interview...
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10 exploration wells to be drilled offshore Suriname by 2026

OilNOW -
10 wells will be drilled offshore Suriname in 2025-2026, Rystad Energy forecasted in a February 2025 release.   The Norway-based energy intelligence firm said the focus on Guyana’s eastern neighbor is growing, as more operators look to explore and develop resources...
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Bacalhau FPSO arrives in Brazil, prepares for commissioning

OilNOW -
The Bacalhau floating production storage and offloading (FPSO) unit has arrived at its final destination in the Santos Basin offshore Brazil, where it will operate at Equinor’s field. The 370-meter-long vessel, built by Japanese firm MODEC, completed a two-month...
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Shearwater GeoServices to conduct 4D survey offshore Guyana for ExxonMobil

OilNOW -
ExxonMobil has awarded Norwegian seismic company Shearwater GeoServices a contract to conduct a six-month 4D ocean bottom node survey offshore Guyana. The survey, set to begin in the first half of 2025, will use Shearwater’s seismic vessel as a...
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CGX accuses Guyana of contradicting itself on Corentyne license, claims agreement is ‘valid and in force’

OilNOW -
CGX Energy and its joint venture partner Frontera Energy have contested the Guyana government’s move to terminate their license for the Corentyne Block. CGX in a release on Monday argued that the agreement remains “valid and in force.”  The partners,...
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Suppliers scope out potential opportunities at SBM Offshore’s Let’s Talk Local Content Forum 

OilNOW -
Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as the company outlined potential opportunities at its Let’s Talk Local Content Forum.  The event capped a week of oil and gas...
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Saipem and Subsea7 announce merger to form global offshore powerhouse

OilNOW -
Saipem and Subsea7 have signed a memorandum of understanding (MoU) for a potential merger, aiming to create a dominant player in the subsea and offshore engineering and construction (E&C) sector. The new entity, Saipem7, would have a combined backlog of...
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TT gas picture not complete without Dragon, Manakin-Cocuina fields – Young

OilNOW -
Trinidad and Tobago’s gas sector depends on resources from Venezuela’s cross-border fields, according to Energy Minister Stuart Young. He recently emphasized the importance of the Dragon and Manakin-Cocuina fields in the country’s long-term energy strategy. “The Trinidad and Tobago gas...
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Noble reports strong Q4 2024 performance, expands backlog with new contracts

OilNOW -
Noble Corporation reported a strong fourth quarter of 2024, bolstered by the full incorporation of its Diamond Offshore acquisition.  Noble’s contract drilling services revenue for Q4 2024 totaled US$882 million, up from US$764 million in Q3. The increase was driven...
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OpinionsOilNOW -

Letter-to-the-Editor: GEC is a conference for all Guyanese

Dear Editor, When the annual Guyana Energy Conference and Supply Chain Expo is hosted, this little giant of a country...

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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