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Guyana targeting free university education, increased food production and boosting defense capabilities in 2024 – President

OilNOW -
The world's fastest growing economy, powered by massive oil reserves off its coast, is targeting major development projects in 2024. ...
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Expro seeks bids for deepwater rig sling and shackle inspection

OilNOW -
Expro, a global leader in tubular services and well solutions, has requested expressions of interest (EOI) for combined ‘sale and service’ related to sling and shackle inspection on deepwater drilling rigs. This is meant to support its work in...
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OilNOW’s top stories of 2023

OilNOW -
Here are the stories that you, the readers, were most interested in, last year: January: Exxon strikes more oil at Fangtooth well offshore Guyana The first discovery made offshore Guyana in 2023 was at Fangtooth Southeast, an appraisal well that indicated...
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Demerara bridge replacement reaches 33% completion, concrete pouring advancing to western end

OilNOW -
The Demerara Harbour Bridge replacement project hit a milestone, reaching 33% completion.  China Railway Construction (Caribbean) Co. Limited reported progress with 378 workers across two sites: Peter’s Hall on East Bank Demerara and La Grange on West Bank Demerara.  Concrete pouring...
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Petrobras expands presence in Sao Tome & Principe offshore Africa 

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Petrobras, the Brazilian state oil producer, has acquired significant stakes in three offshore blocks in Sao Tome & Principe through a deal with Shell, marking its re-entry into African exploration. Under this agreement, Petrobras secured a 45% interest in blocks...
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U.S. bolsters Strategic Petroleum Reserve with 3 million barrels 

OilNOW -
The United States has taken steps to fortify its Strategic Petroleum Reserve (SPR) by securing an additional three million barrels of oil, as announced by the Department of Energy (DOE) on December 26.  Scheduled for delivery in March 2024, the...
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Guyana’s oil can replace Russian Ural – S&P Director

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S&P Global's Richard Swann has identified Guyana’s oil as a potential replacement for Russia's Ural oil in the global market. The opportunity came about after Russia invaded Ukraine and faced sanctions from Western nations. “... perhaps it's a replacement for...
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TGS sets record for longest deepwater node survey with ExxonMobil assignment in Guyana

OilNOW -
TGS, a provider of data and intelligence for the energy industry, announced the completion of a groundbreaking series of marine ocean bottom node (OBN) surveys offshore Guyana. According to TGS, the final node recovery on December 1, 2023, marked...
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UK Navy vessel on routine visit to Guyana – VP 

OilNOW -
Vice President Bharrat Jagdeo has asserted that a visit by the United Kingdom Royal Navy patrol vessel HMS Trent to Guyana is part of a routine operation and not intended for aggression against Venezuela. During a press conference today,...
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Guyana poised to receive over US$100 million in signature bonuses early next year

OilNOW -
Following the recent oil blocks auction in Guyana, the government is set to receive more than US$100 million in signature bonuses, with contracts expected to be signed in the first quarter of 2024. The oil auction, the country's first...
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Letter-to-the-Editor: Guyana’s oil and gas sector is experiencing responsible growth

Dear Editor, I am constantly engaged with reports across a range of industries—none more prominent in recent years than the...

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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