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Engineering firms invited to design Halliburton’s Suriname bulk and mud plant

OilNOW -
Halliburton Guyana Inc. has issued a Request for Information (RFI) for engineering design services. The selected supplier will design a liquid mud and bulk plant for Halliburton Suriname. The scope includes full engineering for civil design, mechanical piping, and electrical...
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ExxonMobil projects US$900 million boost in Q1 earnings

OilNOW -
ExxonMobil expects a significant rise in first-quarter earnings, driven by higher crude oil and natural gas prices.  The company signaled in a Securities Exchange Commission (SEC) filing on April 3, published on its website, that these factors and stronger refining...
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Panama and Netherlands top destinations for Guyana’s crude in Q1 2025

Kemol King -
Panama and the Netherlands emerged as the top destinations for Guyana’s crude oil exports in the first quarter of 2025, each receiving 14 cargoes of approximately one million barrels.  This was derived using shipping data compiled from Guyana’s Maritime Administration...
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Guyana’s oil remains profitable despite falling global prices

OilNOW -
Goldman Sachs has slashed its oil price forecasts, citing rising OPEC+ supply and recession risks. Reuters reported on April 4 that Brent crude is now forecasted to average US$69 per barrel in 2024, down 5.5%, while WTI is projected...
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EAG Airport in Paramaribo inaugurated, strengthening regional connectivity

OilNOW -
The Eduard Alexander Gummels Airport (EAG) in Paramaribo, Suriname, was officially inaugurated on March 24, introducing new flight routes intended to enhance connectivity across the Guiana Shield. The airport will facilitate direct travel between Paramaribo, Georgetown and Cayenne, potentially...
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Guyana to engage U.S. partners on tariffs as gold, oil exports remain exempt

Kemol King -
If Guyana has its way in talks with the United States, recently announced tariffs on Guyanese exports would be reduced from 38% to 12%, OilNOW calculated.  Guyana’s Vice President Bharrat Jagdeo said on Thursday (April 3) that his government’s trade...
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U.S. oil imports from Guyana hit record high in 2024

OilNOW -
U.S. crude oil imports from Guyana surged to record levels in 2024, with January and February seeing the highest monthly volumes on record at 5.4 million and 6.6 million barrels, respectively.  This is according to data from the U.S....
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bpTT’s Cypre Project delivers first gas

OilNOW -
bp Trinidad and Tobago (bpTT) confirmed on April 3 that its Cypre development has safely delivered its first gas. Cypre is one of bp’s 10 major projects scheduled to come online between 2025 and 2027 as part of its...
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Guyana and global oil exports marked safe as US market tariffs hit other industries

OilNOW -
By Alana Nadir The energy industry was marked safe from sweeping tariffs announced this week by U.S. President Donald Trump. Trump imposed tariffs on goods entering the country’s market, with the notable exclusion of energy products like oil, gas...
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Saipem secures US$720 million offshore contracts, including a major Guyana project

OilNOW -
Italian engineering firm Saipem has been granted a Limited Notice to Proceed (LNTP) from ExxonMobil Guyana Limited for subsea structures, umbilicals, risers, and flowlines (SURF) work at the proposed Hammerhead oil field development in the Stabroek Block.  The project site...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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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