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Time for Guyana’s stock exchange to take off?

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By Scott B. MacDonald - OilNOW The Guyana Stock Exchange (GSE) is small by global standards at US$2.8 billion in market capitalisation. It is also a relative latecomer to the stock market investment game, only having opened its doors in...
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World’s biggest emerging ‘super-basin’ holds barrels with some of the lowest carbon intensity

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Today’s oil and gas industry is strikingly concentrated. Almost three-quarters of resources are in just 10 basins that hold more than 100 billion boe. Fewer than 50 traditional super basins supply more than 90% of the world’s oil and...
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Exxon committed to playing key role in delivering lower cost power to Guyana – Routledge

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President of ExxonMobil Guyana, Alistair Routledge, said the company is committed to doing everything it can to ensure the Gas-to-Energy project, set to deliver lower cost and lower emission power to the new oil producing country, is successful. “It’s a...
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Noble strikes deal to sell rigs, in pursuit of Maersk merger

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Noble Corporation has entered into an asset purchase agreement to sell five jackup rigs in pursuit of a merger with Maersk Drilling. It had said that upon notifying United Kingdom regulators about the proposed merger, the Competition and Markets Authority...
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Exxon says potential exists to tie new oil finds at Stabroek Block into existing projects

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Production Manager for ExxonMobil Guyana, Mike Ryan, said there is potential to tie new discoveries at the Stabroek Block into existing offshore projects. The use of this engineering process, called subsea tieback, is a move that saves companies a fraction...
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SBM Offshore aiming for ‘near-zero emissions FPSO’ by 2025 – CEO

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SBM Offshore is positioning itself to benefit from the global energy transition. The company has its eyes set on achieving net-zero emissions by 2050 and has announced new intermediate greenhouse gas-related targets. SBM Offshore’s Chief Executive Officer (CEO) Bruno Chabas disclosed...
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Guyana’s oil wealth, resource distribution, and coexisting vulnerabilities

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By Dr. Carolyn Walcott and Dr. Terrence Blackman – OilNOW Guyana is poised to become the world's 4th largest oil producer by 2035. This projection, presented by Rystad Energy in its 2022 report, Guyana Upstream, concretely quantifies the wealth beneath...
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Saipem awarded US$900M in contracts for Angola’s first non-associated gas project

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Italian oil services company, Saipem was awarded three contracts totaling US$900 million for works on the Quiluma and Maboqueiro gas fields development project off the northwest coast of Angola. The contracts were awarded by the New Gas Consortium comprised of...
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At 3 billion barrels, TotalEnergies’ Venus is sub-Saharan Africa’s biggest oil discovery

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The Venus discovery made by TotalEnergies is Sub-Saharan Africa’s biggest ever oil find. This was related by Eco Atlantic Oil & Gas Ltd. in a recent report marketing the prospectivity of its acreages in the African Orange Basin. Discovered in Block...
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US firm to build pioneering US$200M oil refinery & petrochemical manufacturing complex

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Chemtech International is hoping to lead the way for Guyana’s downstream industry with the establishment of a US$200 million oil refinery and integrated post-petrochemical manufacturing complex. The pioneering project—which is awaiting the approval of the Environmental Protection Agency (EPA)—will...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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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