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CNOOC Petroleum planning expansion of operations in Guyana

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CNOOC Petroleum Guyana Limited (CPGL) is set to lease a complex for office and residential use in support of its activities in Guyana for 20 years.  This move is part of CPGL's expansion in the region, which began with its...
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DOF Group secures major contracts with Petrobras

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DOF Group has been awarded two significant long-term contracts by Petrobras. These include a major contract for the pipelay support vessel (PLSV) Skandi Niterói and a very large contract for the anchor handling support vessel (AHTS) Skandi Botafogo. The Brazilian-built...
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Jaguar FPSO launched, on track for delivery to Stabroek Block 

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Chinese shipyard Shanghai Waigaoqiao Shipbuilding (SWS) has launched the Jaguar Floating Production Storage and Offloading vessel (FPSO) being constructed for ExxonMobil’s Whiptail development.  SWS announced on Friday that the vessel, a Multipurpose Floater 5 (MPF5), was launched and is on track...
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Goldman Sachs appoints John Hess to board amid Chevron deal

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Goldman Sachs has appointed John Hess to its board of directors, as reported by the Financial Times. This announcement comes as Goldman Sachs advises Hess' company on its $53 billion acquisition by Chevron. Hess will leave his roles at Hess...
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MODEC in search of FPSO mooring hook-up services for ExxonMobil’s Uaru project

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MODEC Guyana Inc. (MOG) has issued a Request for Information (RFI) for Floating, Production, Storage and Offloading vessel (FPSO) mooring hook-up services for the Uaru Project.  The project involves the Errea Wittu FPSO, which will be situated 190 kilometers from...
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Border Case: ICJ sets Dec. 5 2024, Aug. 11, 2025 for Guyana, Venezuela to make written submissions 

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Dates have been set by the International Court of Justice (ICJ) for written second round pleadings by Guyana and Venezuela in the ongoing border case.  Per the ICJ’s order, Guyana has until December 9 this year to make submissions. Venezuela...
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Gas-to-Energy: Guyana to tender soon for NGL storage facility, marketer – Ali

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Guyana plans to advertise its need for a storage facility and a marketer for the Natural Gas Liquids (NGL) from its Gas-to-Energy project soon. “The government is working to have an NGL storage facility and marketer for the NGL to...
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State, Exxon must be added to legal proceedings affecting petroleum activity – Guyana High Court rules 

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Guyana’s High Court ruled on June 24 that the State and ExxonMobil Guyana has a right to be party to legal proceedings that affect petroleum operations.  According to a release from the Attorney General’s office, which represented the State, the...
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Former Exxon official to lead Fulcrum LNG in Guyana gas partnership

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A former ExxonMobil official, Jesus Bronchalo, is the Founder and Chief Executive Officer (CEO) of Fulcrum LNG—a U.S. firm Guyana identified to partner with the government and ExxonMobil on a major natural gas development. Bronchalo announced his association with Fulcrum,...
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Suriname gets first OPITO-certified training center as preparations continue for offshore development

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The Kersten Group of Companies announced the official opening of the Kersten Training Academy, an OPITO-certified training center focused on the onshore and offshore oil and gas industry in Suriname.  Kersten said the academy offers high-quality, mandatory energy and industry-related...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival...

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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