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Trump killed Chevron’s Venezuela oil deal. Is Dragon gas next? 

OilNOW -
President Donald Trump has cut off the Biden-era financial lifeline to Venezuela by revoking Chevron’s oil export deal. Now, questions loom over the Dragon gas project between Trinidad and Tobago and Venezuela—could it be next?  Trump, via his Truth Social...
Opinions

Letter-to-the-Editor: The Local Content App is finally here

OilNOW -
Dear Editor, The Local Content Secretariat finally launched the Local Content App. Many people, including myself, have been waiting for this since the announcement was made last year. The Local Content App in my view, has now revolutionized how information...
News

100% of scaffolding, transportation, immigration support services being provided by Guyanese to oil sector 

Shikema Dey -
Local businesses in Guyana are now providing 100% of several key services to the oil and gas sector, showing advancements in local content development. Dr. Martin Pertab, Director of Guyana’s Local Content Secretariat outlined these achievements at the recently...
News

Suriname’s first offshore project advances as TotalEnergies receives FPSO hull

OilNOW -
The Multipurpose Floater C (MPF C) Fast4Ward hull reserved by SBM Offshore for Suriname’s GranMorgu offshore development has been delivered, TotalEnergies announced. The hull was reserved in June last year. It was fabricated by China Merchants Heavy Industry (CMHI). “We...
News

Saipem closed 2024 with €14.55 billion in revenue, eyes growth in 2025

OilNOW -
Saipem closed 2024 with strong financial results, reporting €14.55 billion in revenue, up from €11.87 billion in 2023. Fourth-quarter revenue reached €4.42 billion, a 26% increase year-over-year. The company said its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)...
Opinions

Letter-to-the-Editor: GEC is a conference for all Guyanese

OilNOW -
Dear Editor, When the annual Guyana Energy Conference and Supply Chain Expo is hosted, this little giant of a country is given a unique spotlight. With that spotlight comes the opportunity for Guyanese entrepreneurs to network with major investors worldwide....
News

Exxon’s Longtail FPSO will substitute water injection capacity with more gas – Routledge

Shikema Dey -
ExxonMobil’s planned Longtail floating production storage and offloading (FPSO) unit will have a significantly unique design from earlier Guyana developments, with increased gas compression and no water injection. Alistair Routledge, President of ExxonMobil Guyana, told OilNOW in an exclusive interview...
News

10 exploration wells to be drilled offshore Suriname by 2026

OilNOW -
10 wells will be drilled offshore Suriname in 2025-2026, Rystad Energy forecasted in a February 2025 release.   The Norway-based energy intelligence firm said the focus on Guyana’s eastern neighbor is growing, as more operators look to explore and develop resources...
News

Bacalhau FPSO arrives in Brazil, prepares for commissioning

OilNOW -
The Bacalhau floating production storage and offloading (FPSO) unit has arrived at its final destination in the Santos Basin offshore Brazil, where it will operate at Equinor’s field. The 370-meter-long vessel, built by Japanese firm MODEC, completed a two-month...
News

Shearwater GeoServices to conduct 4D survey offshore Guyana for ExxonMobil

OilNOW -
ExxonMobil has awarded Norwegian seismic company Shearwater GeoServices a contract to conduct a six-month 4D ocean bottom node survey offshore Guyana. The survey, set to begin in the first half of 2025, will use Shearwater’s seismic vessel as a...
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Latest News

NewsOilNOW -

Why Guyana and others won’t stop exploring for oil – GEOExpro expert explains 

“Why would we still explore for oil and gas?” René Jonk of ACT GEO asked at the end of...

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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