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Secure Innovations and Concepts Inc.: 30 years of stability and employee-centric benefits

OilNOW -
At Secure Innovations and Concepts Inc., we pride ourselves on being more than just a company; we are a family committed to the growth and well-being of our employees. With a remarkable track record of never defaulting on employee...
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Optimization efforts ‘perfectly within operating envelope of FPSOs’, says SBM Offshore

OilNOW -
Oil production offshore Guyana has soared from an initial 120,000 barrels per day (b/d) with the Liza 1 development to more than 600,000 b/d, as additional projects come online and equipment on the oil production vessels are optimized to...
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Guyana, Suriname to remain engaged on potential gas collaboration

OilNOW -
South American neighbours Guyana and Suriname are emerging as key regional players in the oil and gas industry with growing discoveries off their coasts and multiple projects on the horizon. Three are already in production on the Guyana side...
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MODEC seeking ‘frog basket’ suppliers for Guyana FPSO 

OilNOW -
MODEC Guyana Inc. is seeking qualified suppliers to provide annual recertification and maintenance services for a critical safety component known as the frog basket, used on floating production storage and offloading (FPSO) units.  A frog basket is a personnel transfer...
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SBM Offshore Fast4Ward concept a key driver behind ExxonMobil’s deepwater success in Guyana 

OilNOW -
Dutch floater specialist SBM Offshore is currently operating three oil production vessels offshore Guyana. The company’s Fast4Ward® program, built on an innovative “design one, build many” concept, has been a key driver behind ExxonMobil's unprecedented project expansion and execution...
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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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Latest News

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Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

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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