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Baker Hughes, Halliburton, Schlumberger get extended contracts with Equinor for integrated drilling, well services

Norwegian state-owned multinational energy company, Equinor, announced on Friday that it is extending its contracts with Baker Hughes, Halliburton, and Schlumberger for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS). These companies, trusted oilfield...

SBM Offshore supporting ‘first of its kind’ aquaculture farm in Guyana

SBM Offshore’s Environmental, Social, and Governance (ESG) approach to its activities continue to guide the company’s operations in Guyana as it remains resolute in the pursuit of sustainable development.  The company is leading a series of initiatives geared towards...

Exxon to conduct gas utilization study as Guyana preps for domestic use, mulls exports

The Government of Guyana has initiated steps to ascertain how much gas is available for export from the ExxonMobil-operated Stabroek Block where over 30 discoveries have been made amounting to nearly 11 billion barrels of oil equivalent, inclusive of...

Port of Vreed-en-Hoop: More than just a shore base

On the surface, the multi-billion dollar ‘Port of Vreed-en-Hoop’ may seem like it will be a regular shore base facility, but it’s intended for much more than that. Three businessmen – Andron Alphonso of ZRN Investment Inc., Nazar Mohammed of Hadi’s World Incorporated and...

Guyana seeks more diaspora involvement in advancing oil & gas economy

By Dr. Terrence Blackman and Utamu Belle - OilNOW Guyana's leadership wants Guyanese and its members in the diaspora to play more significant roles in the country's developing oil and gas economy as its key players work on advancing the...

World’s largest deepwater producer to exchange energy plans with Guyana

The Presidents of Brazil and Guyana, Jair Bolsonaro and Dr. Mohamed Irfaan Ali, met in Georgetown on Friday and agreed to cooperate on energy matters. They intend to intensify information exchange on their national energy plans, experiences in regulatory matters...

Guyana gets “fairly low overall score” in implementing 2019 EITI Standard

Guyana has achieved a "fairly low overall score" of 52 points for implementing the 2019 Extractive Industries Transparency Initiative (EITI) Standard. In its decision paper, the EITI Board explained that Guyana’s score reflects an average of three areas assessed:...

ExxonMobil takes on additional studies for Uaru Project

ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) disclosed that it has undertaken additional studies to obtain an even more comprehensive understanding of potential project discharges on Guyana’s environment. In its application to the Environmental Protection Agency (EPA) for environmental...

Explorer operating off Guyana coast records net income of CA$102M in Q1 2022

Canadian oil explorer and producer, Frontera Energy Corporation has disclosed that it recorded net income of CA$102.2 million or CA$1.08/share in the first quarter of 2022, compared with net income of CA$629.4 million or CA$6.60/share in the prior quarter...

Brazil, Guyana Presidents say time for new phase of feasibility studies on regional energy corridor

The Presidents of two star oil producers in South America - Brazil and Guyana - met in Georgetown on Friday to discuss how they may strengthen relations. Energy, being a going concern for both countries, was high on the...

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SBM Offshore turnkey revenue doubles on progress of Jaguar and GranMorgu FPSOs 

SBM Offshore's Turnkey revenue doubled in the first half of 2025 to US$1.32 billion, up from US$662 million in...