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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

OilNOW -
President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the number of barrels produced. “We cannot squander this moment by counting barrels only,” Ali said during a business launch event...
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SBM Offshore sees major gains from Jaguar, GranMorgu FPSOs in Guyana and Suriname

OilNOW -
SBM Offshore is seeing "great benefits" from its newest Fast4Ward® floating, production storage and offloading vessels (FPSOs), Jaguar for Guyana and GranMorgu for Suriname. According to the company’s 2024 Annual Report, its standardization philosophy is driving results. “The standardization philosophy...
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GGI to launch new call this July for proposals to drive capacity building in Guyana

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The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing strategic capacity development across the country. Backed by a US$100 million (GY$20 billion) investment from ExxonMobil Guyana Limited, Hess Guyana Exploration...
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SEOGS 2025 moves to accommodate growing participation

OilNOW -
Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the most significant energy events in the Caribbean and South American region.  What began as a relatively contained forum for industry and...
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Lukanani-2 drilling underway as Exxon deepens oil search

OilNOW -
ExxonMobil has commenced drilling operations at the Lukanani-2 well site in the Stabroek Block, another step in its continued exploration campaign offshore Guyana. According to a notice from the Maritime Administration Department (MARAD), drilling commenced on June 11 and will...
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High-impact drilling delivered 5.3 billion barrels in 2024 – Westwood

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High-impact exploration drilling yielded 5.3 billion barrels of oil equivalent (boe) in potentially commercial resources in 2024, according to Westwood Global Energy Group’s State of Exploration 2025 report.  The firm’s lead analyst Andrew Jackson said during a webinar on Wednesday...
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OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

OilNOW -
OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the country’s growing oil and gas industry. This is regarded as a significant enhancement of Guyana’s subsea capabilities in the local...
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SBM Offshore advanced global recruitment in 2024, expanded training programs in Guyana

OilNOW -
SBM Offshore recruited 1,274 new staff in 2024, with the majority based in Brazil, India, and Guyana. “New joiners are successfully prepared for their jobs through intensive local onboarding,” the company stated in its 2024 annual report. Leadership training was...
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Westwood expects Petronas to conduct more exploration drilling offshore Suriname this year

OilNOW -
Malaysian state oil firm Petronas is expected to conduct more exploration drilling at Suriname’s offshore Block 52 this year after a key 2024 oil discovery in the area raised prospects for future development, energy consultancy Westwood Global Energy Group...
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First steel cut completed for Suriname’s GranMorgu FPSO across three shipyards

OilNOW -
TotalEnergies has completed all three First Steel Cut ceremonies for the GranMorgu floating production, storage and offloading (FPSO) vessel. The events mark the start of the fabrication phase of the deepwater development project offshore Suriname. Ceremonies were held at three...
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Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery....

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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