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TT’s Heritage Petroleum seeks partner for exploration of Preau Block 

OilNOW -
Heritage Petroleum Company Limited, Trinidad and Tobago’s national oil company, is inviting expressions of interest for a partnership arrangement on its newly awarded Preau Block. The block, located just south of Heritage’s Barrackpore Licence (Core Area C), spans approximately 11,200...
News

ExxonMobil taps MODEC for second Guyana FPSO as Hammerhead project advances

OilNOW -
ExxonMobil has awarded a limited notice to proceed to Japanese offshore engineering firm MODEC for the development of a floating production, storage, and offloading (FPSO) vessel for its Hammerhead project offshore Guyana, MODEC said on Monday. The contract is MODEC’s...
News

Why Guyana and others won’t stop exploring for oil – GEOExpro expert explains 

OilNOW -
“Why would we still explore for oil and gas?” René Jonk of ACT GEO asked at the end of his talk for the Geoscience Energy Society of Great Britain on April 8. A question GEOExpro Editor-in-Chief Henk Kombrink examines...
News

Permian leads U.S. crude output growth in 2024; exports reach 4.1 million barrels per day 

OilNOW -
U.S. crude oil production rose 2% in 2024, reaching an annual average of 13.2 million barrels per day (b/d), according to the U.S. Energy Information Administration (EIA), setting a new high even as export growth slowed. The increase of...
News

Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

OilNOW -
Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy consultants Wood Mackenzie (WoodMac). The firm’s global project tracker shows 28 developments targeting Final Investment Decisions (FIDs) in 2025, and...
Fuel for Thought

The PAA Series: Management Themes (Part 3)

Joanna Simmons -
In Management Themes (Part 2), we saw that access to Guyana’s petroleum resources is primarily done through the conduct and regulation of petroleum operations. We also saw that petroleum operations, as defined in the PAA, cover a wide range...
News

Letter-to-the-Editor: Women are making commendable strides in the oil and gas industry

OilNOW -
Dear Editor, It is with immense pride—and a touch of disbelief—that I write this letter as a reminder to myself and to other women that anything is possible. Just a few days ago, I came across an article that stated 75%...
Opinions

Letter-to-the-Editor: The oil and gas sector is investing in the success of our younger generation

OilNOW -
Dear Editor, I read recently that 20 Guyanese cadets were awarded the Noble Marine scholarship, a program aimed at strengthening Guyana’s maritime workforce. Like many Guyanese who were introduced to the now booming oil and gas sector, I was a bit...
News

Atlas Professionals wins crew management deal for Noble’s Suriname Drilling campaign

OilNOW -
Atlas Professionals has secured a Crew Management contract from Noble Corporation for an offshore drilling campaign in Suriname, the company said on April 17.  The contract supports operations for the Noble Developer and extends a 15-year working relationship between the...
News

ONE GUYANA FPSO will support Guyana’s growing energy sector – First Lady Arya Ali 

OilNOW -
A voyage of over 11,000 nautical miles (20,000 kilometers) concluded for the ONE GUYANA floating, production, storage and offloading (FPSO) vessel.  The vessel departed Singapore 60 days ago, arriving in Guyana on schedule.  First Lady of Guyana, Arya Ali was...
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What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat...

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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