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ExxonMobil Guyana is ramping up its exploration and drilling activities offshore Guyana. A recent report suggests that the company might deploy up to eight drillships simultaneously in the latter half of 2025, underscoring the scale of its operations in...

Guyana's Vice President, Dr. Bharrat Jagdeo, says government will be looking to establish an independent mechanism for monitoring ExxonMobil’s oil production. During a September 21 press conference, Dr. Jagdeo stated, "The next steps are to go to tender, a...

A consortium comprising BP and Shell has inked an agreement with Trinidad and Tobago, greenlighting the exploration of three deepwater blocks—25a, 25b, and 27—for hydrocarbon production. Trinidad and Tobago's Minister of Energy, Stuart Young, confirmed that the cabinet has approved...

Offshore installation and construction services provider McDermott has been awarded a significant transportation and installation contract by PRIO (formerly PetroRio) for the Wahoo field, located offshore Brazil. The undisclosed-value contract entails the transportation and installation of approximately 19 miles (30...

Guyana’s government has expressed deep concern over the recent decision by the Venezuelan National Assembly to conduct a referendum regarding Venezuela's claim to Guyana's territory of Essequibo. It views this move as having the potential to escalate tensions between...

Brazil’s National Petroleum Agency (ANP) has announced the upcoming offshore Brazil bid round dates. As per the proposed schedule, the ANP has set December 13, 2023, for the second round involving pre-salt acreage and the fourth round encompassing both...

bp Trinidad and Tobago (bpTT) has announced the successful completion of its Trinidad Offshore Pipeline Replacement (TOPR) project, as part of the company's ongoing efforts to enhance its infrastructure.  The TOPR project involved the installation of a 96-kilometre, 12-inch pipeline,...

The Centre for Local Business Development celebrated the completion of its inaugural cohort from the ElevateAll - Manufacturing edition, with a September 23 ceremony and Expo Day at the Pegasus Corporate Suites, Kingston, Georgetown. ElevateAll extended a golden opportunity...

By Dr. Lorraine Sobers - OilNOW September, the start of the new academic year, often prompts me to search for linkages between the state of education and the state of the nation. This brought me to consider that much of...

In a significant show of solidarity, the Commonwealth Ministerial Group on Guyana met in New York on September 17, 2023, to address the ongoing territorial dispute between Guyana and Venezuela. Convened by the Commonwealth Secretary-General, Patricia Scotland KC, the...