Featured

The expansion of Guyana’s oil and gas sector has resulted in a new dilemma for its government - a deficit in housing, according to the subject Minister Collin Croal.  Guyana launched the second edition of its massive Building Expo on...

The Guyana government has not yet approved the transaction enacting Tullow Oil Plc’s departure from the Orinduik block. Vice President Dr. Bharrat Jagdeo told OilNOW on August 24 that Tullow has formally communicated its desire to sell its subsidiary,...

Westwood anticipates a substantial surge in drilling activities within Nigeria's oil and gas sector between 2023 and 2030, with a forecast of an average of 140 development wells to be drilled each year during this period. This significant uptick...

Ramps Logistics Limited has taken a significant step towards transforming shipping in the Caribbean and South America. The company has inked a letter of intent with Flying Ship Technologies Corporation to introduce unmanned autonomous, eco-friendly wing-in-ground-effect vessels, known as...

Crude oil production in South America is poised to reach a staggering nine million barrels per day (bpd) by the year 2030, according to new projections unveiled by a Norway-based energy research and business intelligence company. This surge in...

Guyana and Namibia's oil reserves are estimated to be identical at 11 billion barrels, according to recent data released by the state-owned National Petroleum Corporation of Namibia (NAMCOR).  From NAMCOR’s data, the bulk of Namibia’s resources are from TotalEnergies' Venus-1X...

The Brazilian government has potentially removed a significant obstacle, allowing Petrobras to explore an offshore region regarded as the nation's most promising area for oil drilling. The attorney general's office (AGU) has issued a statement asserting that the project does...

ExxonMobil Guyana is ramping up its commitment to drilling safety and efficiency in the Georgetown area. The company is actively seeking suppliers capable of providing state-of-the-art Blow Out Preventer (BOP) testing equipment.  A BOP is a crucial safety device used...

The Guyana Government clarified on Tuesday that an extension for exploration on three blocks operated by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), was actually granted by its predecessor, and must therefore be honoured.  The government's statement follows...

In a remarkable feat of technological advancement, Subsea7 has successfully conducted a remote piloting operation for a work class Remotely Operated Vehicle (ROV) from Scotland, covering a staggering distance of 9,400 kilometers to the coast of Brazil.  Developed in-house by...