Featured

Featured posts

News

ExxonMobil names Tenaris 2024 Supplier of the Year

OilNOW -
ExxonMobil has awarded Tenaris its 2024 Supplier of the Year title, recognizing the company’s global performance and alignment with ExxonMobil’s values. The announcement was made on December 16, 2024. “Over the past year, Tenaris has consistently demonstrated superior performance globally...
News

Guyana increasing over 50,000 gov’t employees’ salaries by 45% in five years 

OilNOW -
More than 50,000 government employees in Guyana are seeing their salaries increased by a minimum 45% in a five-year period. The group includes teachers, police, firemen, and soldiers. The salary increases started in 2021 after the new government took office....
News

A look at the Greater Guyana Initiative over the years

OilNOW -
The Greater Guyana Initiative (GGI), a US$100 million commitment by ExxonMobil Guyana, Hess, and CNOOC, continues to play a vital role in Guyana’s socio-economic transformation. Outgoing ExxonMobil Guyana Socioeconomic Manager, Susan Scott, reflected on the initiative’s accomplishments and future...
Exploration

Shell plans new offshore drilling in Suriname’s Block 65

OilNOW -
BG International Limited (Shell) is seeking approval from Suriname’s National Environment Authority (NMA) to conduct an exploration drilling program in Block 65, formerly Block 54. This program involves drilling up to four wells, starting with the Araku Deep-1 well,...
News

Exxon’s lonewolf discovery for 2024: Bluefin 

OilNOW -
In a year marked by steady development of existing projects, ExxonMobil Guyana made just one new discovery to its Stabroek Block pile - Bluefin-1.  The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by...
News

Second Guyana oil auction unlikely before November 2025 elections 

OilNOW -
Guyana Vice President Bharrat Jagdeo said Thursday he is doubtful Guyana’s next auction of offshore acreage will happen before the 2025 General Election.  Government says voters will head to the polls in November 2025.  The second auction is expected to benefit...
News

SLB wins Petrobras contract for subsea injection systems

OilNOW -
Global energy technology company SLB has announced a contract award by Petrobras for two subsea raw seawater injection (RWI) systems. The systems, secured by SLB’s OneSubsea™ joint venture, will enhance recovery from the Búzios field, following a competitive tender...
News

Jagdeo not worried about dispute with CGX, says Corentyne license lapsed

OilNOW -
Guyana Vice President Bharrat Jagdeo is adamant that CGX Energy’s license for the Corentyne Block has expired. The company and its joint venture partner, Frontera Energy, said Thursday that they believe their license still stands.  A 60-day clock is ticking...
News

CGX Berbice Port begins operations 

OilNOW -
CGX Energy has announced that the Berbice Port, managed by its subsidiary Grand Canal Industrial Estates Inc., is now fully accredited and operational. The facility began operations on Sunday, December 8, 2024, when a 90m by 25m vessel carrying...
News

CGX signals move to arbitration or sole expert to resolve “disputes” with Guyana

Kemol King -
CGX Energy said on December 12 that it sent the Guyana government a letter activating a 60-day period to “amicably resolve all disputes via negotiation” pertaining to the Corentyne Block. Such a period is provided for in the Corentyne Block...
123...923Page 2 of 923

Latest News

NewsOilNOW -

Hull for Guyana’s Jaguar FPSO arrives at Singapore yard

SBM Offshore said the multi-purpose floater (MPF) 5 has arrived at the Seatrium yard in Singapore. The hull is...

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.

Quick Access

Company Info

Social Networks