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Modern Port Act, independent Port Authority on the cards for Guyana – President Ali 

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Guyana is set to introduce a Modern Port Act aimed at transforming its maritime legal framework to meet international standards and support the country’s fast-expanding logistics and trade ecosystem. This is according to Guyana’s President Irfaan Ali earlier this week,...
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Chevron to lay off about 575 Hess workers in Houston after buyout

OilNOW -
Chevron plans to lay off approximately 575 Houston-based employees on September 26, according to a Worker Adjustment and Retraining Notification (WARN) filed with the Texas Workforce Commission on Wednesday, the Houston Chronicle reported.  The affected employees are all from the...
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US$700 million annually needed to fund biodiversity. Here’s how Guyana plans to help with a global alliance

Shikema Dey -
Let’s face it, climate change is here, and its impacts are glaring. The world no longer needs planning; it demands real action and tangible results. That is what is expected to come out of the Global Biodiversity Alliance Summit,...
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Guyana’s deepwater port project enters feasibility stage with Bechtel at the helm – Ali

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President Dr. Irfaan Ali has revealed that a comprehensive feasibility study for the Berbice Deepwater Port is currently underway. Led by global engineering giant Bechtel, the project has full support of the government and key energy stakeholders. Addressing the Shipping...
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Key facts about Chevron, the latest oil heavyweight in Guyana’s Stabroek Block 

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Chevron Corporation has officially stepped into Guyana’s energy landscape through its recent acquisition of Hess Corporation, one of the original stakeholders in the Stabroek Block. This is Chevron’s formal entry into one of the world’s fastest-growing oil frontiers. The company,...
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Tenaris secures key contracts for Suriname’s first offshore oil project

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TotalEnergies has awarded Tenaris a contract to supply casing, tubing, and Rig Direct® services for the GranMorgu project, Suriname’s first major offshore oil development. Tenaris said it will supply around 47,000 tons of casing and tubing featuring TenarisHydril Blue® and...
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Four of the top oil and gas companies operating in Guyana 

Shikema Dey -
Guyana, among the few super basins left in the world, has attracted the presence of four of the largest movers and shakers in the global energy arena: ExxonMobil, TotalEnergies, CNOOC and now Chevron.  Guyana’s oil production journey began with ExxonMobil...
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Welligence says Chevron must tread carefully operating in Guyana because of border controversy 

OilNOW -
Following the closure of the Chevron-Hess merger, market intelligence firm Welligence is advising that Chevron, now holding a 30% stake in Guyana’s Stabroek Block, to act with caution amid the ongoing border controversy with Venezuela. The Stabroek Block operated by...
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Errea Wittu to be ‘largest FPSO in Guyana’ fleet – Routledge 

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The Errea Wittu floating production, storage, and offloading vessel (FPSO) is expected to be the largest unit in ExxonMobil’s offshore Guyana fleet. This was shared by Country President Alistair Routledge during a recent MODEC event. MODEC is currently constructing the...
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MODEC to introduce new offshore training programme in Guyana 

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MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis announced at the recent launch of MODEC’s permanent Guyana office.  “Our voyage is far from over. We are preparing to launch...
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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana today announced that the country’s daily oil production has reached a new milestone of 900,000 barrels per...

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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