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Stena Carron earns DNV Abate(P) Notation for emissions reduction

OilNOW -
Stena Carron has become the second Stena Drilling drillship to receive DNV’s Abate(P) notation, following its sister vessel, Stena DrillMAX. The notation recognizes efforts to reduce greenhouse gas emissions through technical and operational measures. The DNV Abate(P) notation is a...
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Touchstone reports record production and US$8.27 net earnings for 2024

OilNOW -
Touchstone Exploration Inc. has reported record production and a return to profitability in its annual 2024 financial and operating results. President and Chief Executive Officer Paul Baay stated, “In 2024, Touchstone maintained its growth trajectory, achieving record annual production and...
Guyana's Oil Ledger

Guyana’s rate of oil output increased by 5% in February

Kemol King -
Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average of 648,000 barrels per day (b/d), up from 620,000 b/d in January, according to government data. Despite the increase in the...
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Baker Hughes secures major Petrobras contract for deepwater completions

OilNOW -
Baker Hughes announced on March 20 that it secured a multi-year contract with Petrobras to provide fully integrated completions for the Brazilian state-owned energy giant’s offshore fields.  The deal, described as “major” by Baker Hughes, was awarded through an open...
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Exxon’s success in Guyana ‘set a standard’ for new oil markets – TechnipFMC Chief

OilNOW -
Douglas Pferdehirt, Chief Executive Officer of TechnipFMC believes that emerging markets like Guyana, Namibia, Mozambique and Suriname, are bright spots for the offshore industry moving forward. Speaking at the Piper Sandler Energy Conference this week, the CEO said these...
News

Petrobras discovers hydrocarbons in Santos Basin’s Aram Block offshore Brazil 

OilNOW -
Petrobras has identified hydrocarbons in the pre-salt Santos Basin at an exploratory well in the Aram block. The discovery was made at well 4-BRSA-1395-SPS, located 245 km off the coast of Santos, São Paulo, at a water depth of...
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SBM Offshore seeks vendor for genetec access control maintenance in Guyana

OilNOW -
Guyana Deep Water Operations Inc. (GDO), a subsidiary of SBM Offshore, has issued a request for information (RFI) seeking vendors to support and maintain its Genetec Access Control Systems at its Georgetown offices. The selected vendor will be responsible for...
News

Meet Kathy Smith: The first woman to lead GCCI and her trailblazing journey

Shikema Dey -
Kathy Smith, the first woman elected President of the Georgetown Chamber of Commerce and Industry (GCCI), embodies resilience, determination, and a commitment to uplifting others. Her election reflects not only her inspiring journey but also the Chamber's dedication to...
News

Cobalt Nova tanker takes double-lift from Guyana’s Liza field to Panama 

Kemol King -
A very large crude carrier (VLCC), the Cobalt Nova, executed a double lift offshore Guyana, transporting two million barrels of oil to Panama, marking another instance of back-to-back cargo loading from the ExxonMobil-operated Stabroek Block this year. The Cobalt Nova...
News

Halliburton Guyana seeks vendors for equipment certification

OilNOW -
Halliburton Guyana Inc. has issued an Expression of Interest (EOI) for vendors to provide certification and recertification services for Discharge Manifold Equipment (DME), a critical component in oil and gas operations.  The company requires service providers to meet the Safe...
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Guyana and global oil exports marked safe as US market tariffs hit other industries

By Alana Nadir The energy industry was marked safe from sweeping tariffs announced this week by U.S. President Donald...

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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