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‘One Guyana’ FPSO takes SBM Offshore’s order book to record US$31.1B – CEO

OilNOW -
SBM Offshore’s order book hiked to a record-breaking US$31.1 billion when it secured the contract to construct the massive ‘One Guyana’ floater for ExxonMobil’s Yellowtail development. This much was told to shareholders by SBM Offshore’s Chief Executive Officer (CEO) Bruno...
News

Saipem snags €300M contract to install new offshore gas pipeline in Europe

OilNOW -
A €300 million contract has been awarded to Saipem for work on an offshore gas pipeline in Sicily, Italy. Saipem’s new deal came from Enimed, a subsidiary of Eni – one of the seven supermajors. The Italian engineering and services...
Exploration

Westwood names Guyana, Namibia among high-impact exploration successes

OilNOW -
Energy market research and intelligence firm, Westwood Global Energy, has named Guyana and Namibia among oil exploration and production jurisdictions where high impact exploration has proven successful. “38 high-impact exploration wells were drilled in the first half of 2022, similar...
News

City Chamber calls on regulators to examine contract bundling practices in oil & gas sector

OilNOW -
The Georgetown Chamber of Commerce & Industry (GCCI) is calling on Guyana’s Local Content Secretariat to delve into “contract bundling” practices being executed by a number of companies in the oil and gas industry, making it clear that it will not support such...
News

Norway energy research company set to present report on Guyana’s O&G sector in Georgetown

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Rystad Energy, an independent energy research and business intelligence firm based in Norway, will present a white paper on Guyana to the business community and students from the University of Guyana. The white paper is called Guyana Upstream. It is...
News

Between reliable energy and reduced emissions, Exxon working to deliver best of both worlds

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Given its well-advantaged assets in Guyana and the United States along with its work in Carbon Capture and Storage (CCS), ExxonMobil Corporation believes society should not have to choose between reliable, affordable energy and reduced greenhouse gas emissions. According to...
News

Guyana is a “phenomenal province” with “excellent returns” – Hess

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With the world facing a confluence of economic pressures stemming from the war between Russia and Ukraine, Hess Corporation has assured that resulting inflation is being monitored carefully. During its Q2 earnings call on Wednesday, Chief Financial Officer (CFO)...
News

Exxon on track to execute US$30B share repurchase programme through 2023

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In light of skyrocketing profits made in the first half of the year, and positive growth projections, ExxonMobil Corporation said it remains on track to repurchase up to US$30 billion of shares through 2023. Already, the company said its...
News

Gas will cut Guyana’s emissions by more than half as demand for power set to triple – Hess

OilNOW -
Hess Vice President for Guyana and Suriname, Timothy Chisholm, said the Gas-to-Energy project would not only power industry and economic growth in Guyana but would help provide a reliable and cleaner source of energy to help meet rapidly growing...
Exploration

Eco says Canje Block remains “highly prospective” ahead of 12-well campaign

OilNOW -
Eco-Atlantic has set its sights on raking in big wins from Guyana’s offshore Canje Block, as the operator ExxonMobil gears up for a 12-well exploration campaign. The company has no direct stake in the Canje Block but holds 7.3% of...
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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...

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