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Former CEO of Petronas joins ExxonMobil Board of Directors

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Wan Zulkiflee, former President and Chief Executive Officer of Petronas, Malaysia’s national oil and Gas Company, was appointed to serve on ExxonMobil’s Board of Directors. According to the oil major, the former CEO had served Petronas from 2015 to...
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Rig count in Guyana-Suriname basin has doubled in 2 years

OilNOW -
By Hans Jacob Bassoe Bassoe Offshore In the span of just five years, ExxonMobil has had 18 successful discoveries in the Guyanese Stabroek Block alone and proven recoverable resources of more than 9 bboe.  And the operator does not plan on slowing...
News

VIEWPOINT: Myanmar coup and impact on oil and gas industry

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Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry. Wood Mackenzie research associate Saloni Kapoor said: “We estimate that new upstream projects worth...
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Tullow selects Maersk for long-term deepwater drill campaigns

OilNOW -
Maersk Drilling announced on Thursday that it has received a conditional letter of award (CLOA) from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN...
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Exxon extended position in South America last year despite pandemic woes

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Although faced with its most challenging year to date due to the impact of the coronavirus pandemic, U.S. oil major ExxonMobil made significant strides in South America last year, extending its position across multiple basins off the continent's northeastern...
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Etherington to head Ramps Logistics Guyana operations

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Darren Etherington is set to join the Ramps Logistics team in the new oil producing country of Guyana, taking over as Country Manager. “To create a strong Caribbean brand, we need the best minds and talents the world has to...
News

Edison Chouest moves towards employing 100 percent Guyanese workforce

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US marine transportation service provider, Edison Chouest Offshore, through its local affiliate G-Boats (Guyana) Inc, has set ambitious targets for the employment of Guyanese to staff their in-country operations, with plans of moving their workforce from 73 percent local,...
News

Argentina’s ‘dead cow’ producing tight oil at record levels, matching US well scores

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The oil production decline that the coronavirus pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory, Norway based Rystad Energy said on Wednesday. The reserve’s oil output has not only rebounded to pre-pandemic levels but...
News

Guyana offshore driller Stena enters major partnership for decarbonization exploration

OilNOW -
Stena Drilling, the company that operates the Stena Carron rig currently exploring for hydrocarbons offshore Guyana, has entered into a strategic framework agreement for decarbonisation exploration with UK based dCarbonX to support the development of offshore “geoenergy” resources. Both parties...
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Guyanese companies being prioritised for contracts as Schlumberger pursues major expansion

OilNOW -
Oilfield Services Company Schlumberger is pursuing an aggressive local content programme that will see employment opportunities opening up for Guyanese as well as priority being given to local companies for a number of upcoming tenders. Schlumberger is the world’s largest...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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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