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Petrobras begins divestment of Tartaruga shallow water field

OilNOW -
Petrobras has launched the divestment process for its 25% minority stake in the Tartaruga field, located in shallow waters off Pirambu, Sergipe, in the Sergipe-Alagoas Basin. The field is operated by SPE Tiêta, a subsidiary of Petrorecôncavo, which holds...
Stories Beyond the Barrel

Donella Long: Elevating Guyana’s Hospitality Scene with ‘The Balance’

OilNOW -
Since 2016, Donella Long, Founder and Chief Executive Officer of The Balance, has been transforming Guyana’s hospitality landscape. Her company provides professional staffing solutions for events, including waiters, bartenders, mixologists, and cleaners. Known for its exceptional service and attention...
News

Second phase of Berbice training facility progressing with extended timeline

OilNOW -
The construction of the oil and gas training facilities at the Guyana Technical Training College (GTTCI) in Port Mourant, Berbice, is progressing steadily, with the completion date now set for October 2026.  President Irfaan Ali announced the updated timeline on...
News

Exxon not backing out of Block S8 talks – Jagdeo 

OilNOW -
ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block they were awarded after the country’s first offshore auction. Guyana's Vice President, Bharrat Jagdeo, said during a Thursday press conference that...
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Manatee project advances with local fabrication milestone in Trinidad

OilNOW -
Shell, McDermott, and Trinidad Offshore Fabricators Unlimited (TOFCO) hosted a ceremonial steel-cutting simulation this week at the TOFCO Yard, La Brea Industrial Estate. The event marked the start of local fabrication for the Manatee Project’s platform jacket, the largest...
News

US$500M+ United States loan for Guyana gas project clears key hurdle

Kemol King -
Guyana's Vice President, Bharrat Jagdeo, announced during a November 28 press conference that the United States Export-Import Bank (EXIM Bank) has given preliminary approval for a loan exceeding US$500 million to support Guyana's Gas-to-Energy project. Initially, the government applied...
News

Eco Atlantic remains upbeat about stake in South America’s mega hotspot   

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. has reaffirmed its focus on Guyana, a key area for hydrocarbon exploration, where ExxonMobil has found more than 11 billion barrels of oil equivalent resources since 2015. In its unaudited results for the...
News

U.S.  producing more oil now than at anytime in history

OilNOW -
The U.S. holds firm on its position as the world’s top producer of oil.  New data from the U.S. Energy Information Administration (EIA) Petroleum Supply Monthly shows that the country produced 13.4 million barrels of oil per day (MMb/d) in...
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Petrobras to bring 10 new offshore production systems online by 2029

OilNOW -
Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study. Petrobras...
Opinions

Guyanese businesses can benefit by joining Exxon’s virtual Feedback Session slated for Dec. 13

OilNOW -
By Clement Smith - OilNOW Guyanese businesses interested in tapping into the oil and gas sector or already operating in the field may find the news of an upcoming Feedback session hosted by ExxonMobil Guyana Limited (EMGL) most welcoming. This...
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Petrobras begins divestment of Tartaruga shallow water field

Petrobras has launched the divestment process for its 25% minority stake in the Tartaruga field, located in shallow waters...

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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