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Westwood expects Petronas to conduct more exploration drilling offshore Suriname this year

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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

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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...
News

Nearly one in seven dollars of Exxon’s global profit came from Guyana in 2024

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ExxonMobil’s oil operations offshore Guyana earned it US$4.73 billion in profit last year. That accounted for nearly one in every seven dollars, or 14.04%, of the company’s global profit of US$33.68 billion in 2024, up from just US$0.63 billion...
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SBM Offshore targets GHG neutrality by 2025, advances emissions tools in Guyana

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SBM Offshore says it is on track to become greenhouse gas (GHG) neutral from its own operations by 2025 and to use 100% renewable energy by 2030 for scope 1 and 2 emissions. The company has already achieved a...
News

MODEC, Carbon Clean sign MoU to advance FPSO-based carbon capture

OilNOW -
MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and potential deployment of onboard carbon capture systems for offshore production vessels. This is according to a recent release from MODEC.  The...
News

Shell hires Subsea7 to support Aphrodite gas development offshore Trinidad

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Shell has awarded a sizable subsea installation contract to Subsea 7 to support the development of the Aphrodite gas field offshore Trinidad and Tobago, the subsea engineering contractor said on Monday. The project, located in Block 5a within the East...
News

Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

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Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia. The 121-kilometre roadway is being upgraded to link Guyana’s coast to its hinterland. It will also serve as a critical...
News

A historic year for Suriname’s energy sector: From SEOGS 2024 to 2025

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Between the 2024 installment of the Suriname Energy Oil and Gas Summit and Exhibition (SEOGS) and its return this June, the country’s energy sector has experienced its most transformative changes to date.  Suriname is no longer standing at the edge...
News

Trinidad looks to Shell for increased Manatee gas volumes

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Trinidad and Tobago’s Ministry of Energy and Energy Industries says it will work with Shell to explore opportunities to increase expected gas volumes from the Manatee field, as the government moves to tackle a domestic gas shortage and stabilize...
Opinions

Letter-to-the-Editor: Guyana’s oil and gas sector is experiencing responsible growth

OilNOW -
Dear Editor, I am constantly engaged with reports across a range of industries—none more prominent in recent years than the oil and gas sector in Guyana, which continues to attract attention from international organizations and potential investors. The recent oil spill...
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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...

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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