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U.S.  producing more oil now than at anytime in history

OilNOW -
The U.S. holds firm on its position as the world’s top producer of oil.  New data from the U.S. Energy Information Administration (EIA) Petroleum Supply Monthly shows that the country produced 13.4 million barrels of oil per day (MMb/d) in...
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Petrobras to bring 10 new offshore production systems online by 2029

OilNOW -
Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study. Petrobras...
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Guyanese businesses can benefit by joining Exxon’s virtual Feedback Session slated for Dec. 13

OilNOW -
By Clement Smith - OilNOW Guyanese businesses interested in tapping into the oil and gas sector or already operating in the field may find the news of an upcoming Feedback session hosted by ExxonMobil Guyana Limited (EMGL) most welcoming. This...
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Trinidad commences 12-18 months of wind power assessment

OilNOW -
Trinidad and Tobago's Ministry of Energy and Energy Industries (MEEI) has announced the successful deployment of Light Detection and Ranging devices (LiDARs) at Orange Valley and Galeota. These devices will collect wind data to international standards over a 12–18-month...
News

Fiscal terms in Guyana, Namibia, Angola ‘striking the right balance’ – WoodMac

OilNOW -
Global provider of data and analytics, Wood Mackenzie, said host governments, such as those in Guyana, Namibia, and Angola, have structured their petroleum fiscal regimes to strike the right balance between incentivizing investment and reflecting the risks faced by...
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Guyana gov’t to plug US$121 million more into Gas-to-Energy project

OilNOW -
The Guyana government approached the Parliament on November 25 for more money to continue the development of the Gas-to-Energy project, a landmark energy expansion endeavor.  Senior Minister in the Office of the President with responsibility for Finance and the Public...
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Potential challenges in any Guyana-India oil partnership – S&P Global 

OilNOW -
The recent talks between Guyana and India signal potential growth in their energy relationship, but significant challenges remain if a long-term oil deal is struck. Analysts told S&P Global that while India seeks reliable crude supplies to bolster energy...
News

Exxon seeks market data for vessel providers in Guyana

OilNOW -
ExxonMobil Guyana Limited (EMGL) has launched a Request for Information (RFI) to identify qualified providers of Platform Support Vessels (PSVs), Fast Support Vessels (FSVs), and Tugs for operations in Guyana. This initiative aims to establish enabling agreements for short-term...
News

Ministry of Labour conducts OSH inspection on Liza Unity FPSO

OilNOW -
Guyana’s Ministry of Labour's Occupational Safety and Health (OSH) Department conducted a detailed inspection aboard the Liza Unity floating, production storage and offloading vessel last week.  The exercise assessed compliance with Guyana's OSH Act 99:06, International Safety Standards, and National...
News

Successful Suriname seabed survey by TDI-Brooks yields “potential” hydrocarbon discoveries

OilNOW -
TDI-Brooks has concluded a comprehensive multi-client multibeam and seabed piston coring program in Suriname for GeoPartners, acting on behalf of Staatsolie Maatschappij Suriname. The project involved seep data acquisition, processing, interpretation, and data management over a survey area of...
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Steam turbines, oil tanks in Guyana for Gas-to-Energy project

US-based group Lindsayca-CH4 said two state-of-the-art steam turbines and two oil tanks arrived in Guyana on December 21, 2024.  The...

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