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Young says Trinidad targeting deepwater bid round this year 

OilNOW -
Trinidad’s Minister of Energy and Energy Industries, Stuart Young, announced that the country is expected to launch a deepwater bid round this year to shore up its gas resources.  “We are committed to sustaining production through investment in our hydrocarbon...
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ExxonMobil files lawsuit to block push by investors for stricter emissions targets, says agenda ‘extreme’

OilNOW -
Exxon Mobil Corp. has taken an unprecedented legal step to thwart a shareholder vote on more stringent emissions targets set for its May meeting.  Filing a lawsuit in a Texas court, the oil giant is challenging a proposal by investors,...
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Petrobras cops OTC distinguished achievement award for deepwater innovations

OilNOW -
The Offshore Technology Conference (OTC) has bestowed Petrobras with the distinguished achievement award for companies, organizations, and institutions, recognizing the company's advancements in the revitalization of the Marlim Field and the broader deepwater Campos basin.  OTC said the accolade underscores...
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Halliburton invites EOIs for spill containment services at Guyana mud plant 

OilNOW -
Oil service company, Halliburton Guyana Inc., has invited expressions of interest (EOIs) for spill containment services.  In a public notice, Halliburton said the scope of work covers on-call services for emergency actions in the event of a spill at its...
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Exxon launches countrywide “Big Red Bus Tour” with GY$10M in giveaways

OilNOW -
ExxonMobil Guyana on Saturday, January 27, launched “The Big Red Bus Tour” aimed at boosting community engagement. Part of it was a GY$10 million giveaway competition, with an MG car as the grand prize. Local artistes, Poonam Singh, Jackie Jaxx...
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Guyana oil production peaked at 589,000 b/d in December 2023 

Kemol King -
The Stabroek block in Guyana produced 589,000 barrels on December 26, 2023 from three projects - Liza 1 (155,000 barrels), Liza 2 (253,000 barrels), and Payara (181,000 barrels).  This marks the highest total production from the Stabroek block, thanks to...
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Guyana publishes final model contracts for new licensees 

OilNOW -
Guyana’s Ministry of Natural Resources published the final model contracts to be awarded to winners of its first offshore licensing, on Jan. 26.  The contracts are expected to be applied to eight blocks - two deep water and five shallow...
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Biden withholds approvals for new LNG gas export projects

OilNOW -
The U.S. government has announced a temporary halt on new gas export projects pending a thorough evaluation of their economic and environmental implications. The decision, outlined in a statement by President Joe Biden on Jan. 26, is aimed at...
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Tullow Oil plc anticipates robust free cash flow generation in 2024

OilNOW -
Tullow Oil released a statement ahead of its 2023 full year results, highlighting its operational and financial performance in 2023 and outlining its outlook for 2024. During 2023, Tullow achieved a full-year working interest production average of approximately 63,000 barrels...
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OMNI Helicopters hits one year mark, over 50,000 passengers transported for Exxon’s Stabroek block operations 

OilNOW -
Since its first flight on Jan. 1, 2023 - six weeks ahead of schedule, OMNI Helicopters Guyana Incorporated (OHGI) has built a resilient team with 60 Guyanese in its employ.  Hitting the one-year existence mark, OHGI boasted of conducting 2,300...
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Atlas Professionals gears up Surinamese talent for GranMorgu offshore project

As Suriname prepares for the large-scale GranMorgu offshore project, Atlas Professionals has launched a focused initiative to train and...

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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