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Errea Wittu FPSO hull block completed 40 days ahead of schedule – MODEC 

OilNOW -
The hull block for Guyana’s Errea Wittu floating production storage and offloading vessel (FPSO) has been completed.  “We are proud to share that the FPSO Errea Wittu has achieved another significant milestone. We successfully completed the hull block assembly 40...
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Moody’s upgrades Suriname’s credit rating amid offshore oil boom expectations

OilNOW -
Moody's Ratings has upgraded Suriname's long-term local and foreign-currency issuer ratings from Caa3 to Caa1. The outlook is now positive, reflecting the anticipated economic benefits from a significant offshore oil project. This change is driven by TotalEnergies' recent decision...
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SBM Offshore partners with One Communications to support cancer awareness 

OilNOW -
SBM Offshore Guyana has partnered with One Communications as the Lead Hero for Hope in their ongoing cancer awareness campaign, particularly focusing on the Champions of Hope program. This marks the third consecutive year of SBM Offshore's involvement in...
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‘Cutting-edge’ gas turbines arrive in Guyana, pushing Gas-to-Energy project closer to completion 

OilNOW -
LNDCH4 Guyana announced the arrival of two advanced gas turbines from Sweden, marking an important step in Guyana’s Gas-to-Energy project. The turbines will be installed at the project’s site in Wales, West Demerara. They will form the core of...
Guyana's Oil Ledger

Guyana has received more than US$5 billion in revenue since first oil

Kemol King -
With nearly five years of oil production so far, Guyana has received more than US$5 billion in revenue from oil sales and royalties. With this new injection of revenue, the government has already withdrawn nearly half of this amount...
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SBM Offshore seeking suppliers for offshore gas sampling and chromatography

OilNOW -
Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, is inviting suppliers to provide technical and operational solutions for on-site natural gas sampling and Gas Chromatography (GC).  SBM Offshore on track to deliver ‘near zero emission’ FPSO to...
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bpTT completes seismic acquisition for Manakin-Cocuina field

OilNOW -
The seismic acquisition for bpTT’s Manakin-Cocuina field has been completed, according to David Campbell, President of bpTT. The data collected is now in the processing stage. Campbell shared this update during a meeting with Stuart Young Trinidad’s Minister of...
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British trading firms win contracts to market Guyana’s crude oil

OilNOW -
UK-based BB Energy Trading Limited and JE Energy have secured contracts to market Guyana’s share of crude oil from the country's three floating production storage and offloading (FPSO) vessels.  The contracts were awarded through a competitive bidding process managed by...
News

Halliburton seeks space for new Distribution Center in Guyana

OilNOW -
Halliburton Guyana Inc. has issued an Expression of Interest (EOI) for warehouse area and services. The company is looking to establish a distribution center in Georgetown to support its inventory management, optimize space and resources, and reduce logistic costs. Halliburton...
News

Stena Drilling to host Guyana Vendor Day, engage local businesses

OilNOW -
Stena Drilling will host its Guyana Vendor Day on November 13, 2024, at the Centre for Local Business Development Inc. (CLBD) in Georgetown.  The event aims to connect local businesses with Stena’s procurement team, offering insights into...
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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

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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