Featured

Featured posts

News

Guyana aiming to welcome more oil players as country on verge of becoming one of the region’s biggest producers

OilNOW -
The impending entry of more major oil companies into Guyana’s oil basin has been met with enthusiasm, with Natural Resources Minister Vickram Bharrat deeming it a welcome development for the nation’s growing energy industry. “The talks between Total, Qatar and...
Exploration

Guyana-Suriname Basin, Brazil among busiest regions this year for high-impact drill campaigns

OilNOW -
High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this regard, South America could see 17 of these wells being drilled, making it the busiest...
News

Suriname must reject complacency as it prepares for first offshore oil development – Santokhi

OilNOW -
Suriname’s President Chandrikapersad Santokhi says the country must reject complacency and a culture that tolerates mistakes as it prepares for its first offshore oil development. “As a nation, we must reject the mentality that accepts mistakes and shortfalls as usual,”...
News

Staatsolie seeking US$250 million through bonds for Gran Morgu development 

OilNOW -
Suriname state oil company Staatsolie has launched a bond to come up with “at least” US$250 million and EURO 50 million for its participation in the TotalEnergies-led Gran Morgu development in Block 58.  The company stated that the bond will...
News

Ruling issued on Gas-to-Energy project dispute

OilNOW -
A ruling has been issued in the dispute between the Government of Guyana and Gas-to-Energy contractor, Lindsayca/CH4. The matter was referred to the Dispute Avoidance and Adjudication Board (DAAB) on September 19, 2024. In a statement on Monday, the Office...
News

Baker Hughes awarded supply contract by ExxonMobil for Guyana FPSOs 

OilNOW -
ExxonMobil Guyana has awarded a contract to energy technology company Baker Hughes to supply specialty chemicals and related services to its Uaru and Whiptail offshore greenfield developments in Guyana’s Stabroek block.  Baker Hughes said the multiyear contract includes all topsides,...
News

Petrobras closes 2024 with 11.4 billion of proven reserves 

OilNOW -
Petrobras ended 2024 with a proven reserve of oil, condensate, and natural gas estimated at 11.4 billion, according to the Securities and Exchange Commission (SEC) regulations.  Of the total, 85% account for oil and condensate while the remaining 15% accounts...
News

Exxon’s Yellowtail project could start producing oil in third quarter 

OilNOW -
Darren Woods, Chair and Chief Executive Officer of ExxonMobil, says the Yellowtail project could begin production in the third quarter of 2025. During Exxon’s 2024 earnings call, Woods said, "the team managing the Guyana development continues to demonstrate project after...
News

‘Sun won’t shine, wind won’t blow forever’, hydrocarbons needed to power energy future – NJ Ayuk

OilNOW -
Paramaribo, Suriname - The world cannot rely solely on renewable energy to power its future, as hydrocarbons remain essential for energy security and industrialization, says NJ Ayuk, Executive Chairman of the African Energy Chamber. Speaking at the Suriname Awareness...
News

Guyana could issue two licences this year: one for oil and one for gas

OilNOW -
The Guyana government has set a target in its 2025 plan to issue two petroleum licenses. According to Vickram Bharrat, the Minister of Natural Resources, one of these could potentially be for natural gas.  “The two that are expected to...
1...616263...995Page 62 of 995

Latest News

NewsOilNOW -

Eight Graduate Engineers complete SBM Offshore Guyana programme, nine join new cohort

Eight young Guyanese engineers have completed SBM Offshore Guyana’s Graduate Engineers’ Programme, marking the end of an intensive 18-month...

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.

Quick Access

Company Info

Social Networks