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Exxon makes another major oil discovery offshore Guyana

OilNOW -
ExxonMobil announced on Wednesday that it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high-quality oil-bearing sandstone reservoirs. Drilling is also ongoing at the...
News

Exxon seeking support vessels for Guyana operations

OilNOW -
ExxonMobil Guyana plans to put in place an enabling agreement for the provision and operation of Multi-Purpose Support Vessels (MPSVs), Platform Support Vessels (PSVs), and Fast Support Vessels (FSVs) for offshore activity in the new oil producing South American...
Exploration

Multi-billion-dollar ‘Port of Vreed-en-Hoop’ facility in the works

OilNOW -
Guyanese company NRG Holdings Inc. plans to establish a multi-billion-dollar multi-purpose port facility dubbed the ‘Port of Vreed-en-Hoop’ that will feature a major shore base at Foreshore, Plantation Best on the West Bank of Demerara. The intended development will fill...
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Company building Guyana FPSOs moving forward with floating wind project offshore UK

OilNOW -
SBM Offshore announced on Tuesday that The Crown Estate has confirmed an intention to move forward with the lease process for two 100MW floating wind test and demonstration sites in the Celtic Sea to Llŷr Floating Wind Limited. The...
News

Petroleum Department staff expected to play major role in soon to be established Commission

OilNOW -
Authorities in Guyana remain steadfast on bringing on stream the Petroleum Commission and Local Content Policy, two crucial elements of Guyana’s regulatory framework for the oil and gas industry. This was recently highlighted by Minister of Natural Resources, Vickram...
News

Women-led businesses in Guyana determined to tap into growing economic opportunities

OilNOW -
The economic transition being forecast for Guyana is bringing with it significant prospects and women entrepreneurs in the new oil producing country are determined to ensure they are well positioned to benefit from these opportunities. The Women’s Chamber of Commerce...
Exploration

Shell’s Barracuda Project delivers first gas in T&T

OilNOW -
Shell Trinidad and Tobago says production has started on Block 5C in the East Coast Marine Area (ECMA) in the twin island republic. This marks a significant milestone in the delivery of gas both domestically and internationally through Atlantic...
News

Higher reservoir performance activities in Guyana help bump up Schlumberger Q2 revenue

OilNOW -
Oilfield Services Company Schlumberger says its performance in the second quarter of 2021 marks a leap forward in achieving its full-year financial targets with the potential for further upside given the right conditions. Second-quarter global revenue grew 8% sequentially, outperforming...
Exploration

Exxon says goal is to have 75% Guyanese workforce on each FPSO

OilNOW -
ExxonMobil Guyana says it has been pursuing various initiatives to ensure hundreds of Guyanese are able to take up leading roles in supporting the operations of the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel. Public and Government Affairs Advisor, Janelle Persaud, disclosed...
News

Oil falls by $1 amid fuel demand concerns

OilNOW -
(Reuters) - Oil prices fell $1 on Monday as concerns about fuel demand caused by the spread of COVID-19 variantsas well aschanges to import rules in China offset expectations of tight supplies through the rest of the year. Brent crude...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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