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With Chevron deal sealed, John Hess cleared for Board spot 

OilNOW -
John Hess will now be able to sit on Chevron’s Board of Directors after the U.S. Federal Trade Commission (FTC) lifted its ban, just one day before the merger deal with Hess finally closed.  The FTC had concerns about Hess’s...
News

As Errea Wittu FPSO takes shape, MODEC deepens roots in Guyana with permanent office 

Shikema Dey -
Mere days after the Errea Wittu FPSO arrived in Singapore for the next stage of construction, builder MODEC marked the opening of its permanent office in Guyana.   Errea Wittu is meant for Guyana's 5th oil development Uaru.  Guyana issues Uaru production...
News

Chevron secures prized stake in Guyana oil block with arbitration win against Exxon

OilNOW -
Chevron has won a high-stakes arbitration battle against ExxonMobil, clearing the way to finalize its US$53 billion acquisition of Hess Corporation and secure a 30% stake in Guyana’s Stabroek Block, a prized asset that has won global attention in...
News

Suriname stands at turning point with new President, oil promise

OilNOW -
PARIMARIBO-SURINAME: Nestled on South America’s northern coast, Suriname is now at the threshold of profound change.  On Wednesday, amid a fragile six-party coalition, Jennifer Geerlings-Simons was inaugurated as the country’s first female president. From her first address, President Geerlings-Simons carried...
News

Staatsolie Chief warns of ‘Dutch disease’ as Suriname’s oil ambitions grow

OilNOW -
Staatsolie’s Managing Director, Annand Jagesar, says Suriname must act carefully to avoid the economic risks that come with oil wealth. “You can only mitigate the resource curse. You cannot completely eradicate it,” Jagesar warned during a side interview at the...
News

One well to go in Stena Carron’s Stabroek Block drill campaign

OilNOW -
The Stena Carron drillship is nearing the end of its current campaign offshore Guyana, with one managed pressure drilling (MPD) well remaining. The vessel recently began operations at the Hamlet-1 exploration well in the southeastern section of the Stabroek Block....
News

TEDxTurkeyen conference to spark bold civic dialogue this August

OilNOW -
A “space for fresh ideas, civic reflection, and visionary thinking”, TEDxTurkeyen is set to debut on August 29 at the George Walcott Lecture Theatre, University of Guyana. The event will follow the theme ‘Bold Voices, New Visions: Shaping Guyana’s Tomorrow’....
News

PPP/C outlines Energy Priorities: Gas-to-Energy, Local Content, post-oil planning

OilNOW -
Maintaining Guyana’s “favorable” fiscal regime with no increase in royalties and bringing the Gas-to-Energy project online are among the energy sector focus areas on the cards for a People’s Progressive Party/Civic second-term government.  The party held a consultation on its...
Opinions

Letter-to-the-Editor: Empowering Women in Maritime

OilNOW -
Dear Editor, I recently saw an article where ‘10 women receive scholarships to pursue maritime careers’. I write to commend the initiative by the Office of the First Lady and Tidewater Inc., which provides scholarships for women, particularly from Guyana’s...
News

SLB acquires ChampionX as it strengthens production and recovery capabilities

OilNOW -
SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its announcement on July 16, SLB said ChampionX shareholders received 0.735 shares of SLB common stock for each share they owned....
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Promises for oil & gas unveiled as Guyana’s landmark elections now just days away  

Oil is a major discussion point ahead of Guyana’s September 1 general election. The ruling People’s Progressive Party/Civic (PPP/C)...

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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