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Exxon-led group recovers over US$35.9 billion in costs from Guyana oil projects

Kemol King -
ExxonMobil and its partners Chevron (formerly Hess) and CNOOC have recovered approximately US$35.9 billion in exploration, development and other costs from oil production in Guyana's offshore Stabroek Block, according to the Bank of Guyana’s latest quarterly report. The figure, which...
News

Guyana has struck the perfect balance between oil development and environmental protection – Bharrat

OilNOW -
Guyana’s rapid rise as an oil-producing nation has not come at the expense of its environmental credentials, Minister of Natural Resources Vickram Bharrat said on the sidelines of the Global Biodiversity Alliance Summit in Georgetown last week.  Speaking on the...
News

TechnipFMC seeks local companies for offshore services in Guyana

OilNOW -
TechnipFMC has issued a Request for Expression of Interest (EOI) for companies to support upcoming offshore projects in Guyana.  Interested suppliers must be registered with the Local Content Secretariat and the Centre for Local Business Development in Guyana, Technip said.  Exxon’s...
Opinions

Letter-to-the-Editor: Empowering Guyanese youth in the offshore energy sector

OilNOW -
Dear Editor, As a recent graduate of the University of Guyana, I've been reflecting on the future that lies ahead for my generation in Guyana. This thought has led me to explore the country’s growing oil and gas sector, particularly...
News

‘Guyana is not sitting still’ — President outlines aggressive maritime reforms to support oil-led growth

OilNOW -
With Guyana’s economy rapidly expanding on the back of its oil and gas sector, President Irfaan Ali has issued a clear signal to investors and regional stakeholders that the South American nation is not waiting to modernize; it’s already...
News

Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

OilNOW -
President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace energy careers as long-term, meaningful pursuits rather than short-term employment opportunities. “We envision a future where young people see careers in...
News

ExxonMobil seeks core analysis and handling suppliers for Guyana operations

OilNOW -
ExxonMobil Guyana Limited (EMGL) is seeking suppliers for a goods and services agreement to provide Core Analysis and Handling Services for its offshore activities. The Request for Information (RFI) outlines the need for routine and special core analysis (RCAL and...
News

MODEC completes delivery of Errea Wittu topsides modules with zero carry-over work

OilNOW -
MODEC said it has successfully completed and delivered the Errea Wittu FPSO topsides modules at the BOMESC yard in Tianjin, China.  The company announced via LinkedIn on Thursday that the modules were delivered on or ahead of schedule, with all...
News

Guyana to implement structured labor importation – Jagdeo

OilNOW -
Guyana will move from an ad hoc importation of foreign labor to a structured policy approach, with plans to table a draft Migration Policy in Parliament, Vice President Bharrat Jagdeo said on Thursday. The shift comes as the South American...
News

Exxon’s production optimization added 130,000 b/d in new capacity offshore Guyana

OilNOW -
ExxonMobil has added a combined 130,000 barrels per day (b/d) of oil production capacity across its first three offshore oil projects in Guyana, solely through optimization activities, providing a significant boost that reflects the operator’s evolving efficiency in the...
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Latest News

NewsShikema Dey -

Chevron’s entry strengthens Guyana oil sector despite Venezuela ties – Rystad Energy  

Chevron’s entry into Guyana’s Stabroek Block will not disrupt ongoing operations, according to Schreiner Parker, Partner and Head of...

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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