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Twenty Guyanese cadets awarded Noble Marine scholarships

OilNOW -
Noble Drilling has awarded scholarships to 20 outstanding marine cadets as part of its Noble Marine Scholarship Program. The company shared this announcement on LinkedIn on March 21.  The initiative, conducted in collaboration with MatPal Marine Institute and El Dorado...
News

Chevron granted extra time to exit Venezuela

OilNOW -
Chevron Corporation has secured a 30-day extension from the U.S. government to conclude its operations with Venezuela's state-owned Petroleos de Venezuela SA (PDVSA), moving the deadline from April 3 to May 27.  The extension follows intense lobbying by Chevron and...
News

Stena Carron earns DNV Abate(P) Notation for emissions reduction

OilNOW -
Stena Carron has become the second Stena Drilling drillship to receive DNV’s Abate(P) notation, following its sister vessel, Stena DrillMAX. The notation recognizes efforts to reduce greenhouse gas emissions through technical and operational measures. The DNV Abate(P) notation is a...
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Touchstone reports record production and US$8.27 net earnings for 2024

OilNOW -
Touchstone Exploration Inc. has reported record production and a return to profitability in its annual 2024 financial and operating results. President and Chief Executive Officer Paul Baay stated, “In 2024, Touchstone maintained its growth trajectory, achieving record annual production and...
Guyana's Oil Ledger

Guyana’s rate of oil output increased by 5% in February

Kemol King -
Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average of 648,000 barrels per day (b/d), up from 620,000 b/d in January, according to government data. Despite the increase in the...
News

Baker Hughes secures major Petrobras contract for deepwater completions

OilNOW -
Baker Hughes announced on March 20 that it secured a multi-year contract with Petrobras to provide fully integrated completions for the Brazilian state-owned energy giant’s offshore fields.  The deal, described as “major” by Baker Hughes, was awarded through an open...
News

Exxon’s success in Guyana ‘set a standard’ for new oil markets – TechnipFMC Chief

OilNOW -
Douglas Pferdehirt, Chief Executive Officer of TechnipFMC believes that emerging markets like Guyana, Namibia, Mozambique and Suriname, are bright spots for the offshore industry moving forward. Speaking at the Piper Sandler Energy Conference this week, the CEO said these...
News

Petrobras discovers hydrocarbons in Santos Basin’s Aram Block offshore Brazil 

OilNOW -
Petrobras has identified hydrocarbons in the pre-salt Santos Basin at an exploratory well in the Aram block. The discovery was made at well 4-BRSA-1395-SPS, located 245 km off the coast of Santos, São Paulo, at a water depth of...
News

SBM Offshore seeks vendor for genetec access control maintenance in Guyana

OilNOW -
Guyana Deep Water Operations Inc. (GDO), a subsidiary of SBM Offshore, has issued a request for information (RFI) seeking vendors to support and maintain its Genetec Access Control Systems at its Georgetown offices. The selected vendor will be responsible for...
News

Meet Kathy Smith: The first woman to lead GCCI and her trailblazing journey

Shikema Dey -
Kathy Smith, the first woman elected President of the Georgetown Chamber of Commerce and Industry (GCCI), embodies resilience, determination, and a commitment to uplifting others. Her election reflects not only her inspiring journey but also the Chamber's dedication to...
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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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