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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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Guyana Energy Conference launches essay competition for high schoolers

OilNOW -
The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students across the country. Through this competition, secondary school students get to share ideas on sustainability, development, and the challenges and...
News

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

OilNOW -
Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply in the market.  The South American government recently reiterated its no interest in an offer from India to buy its crude...
Stories Beyond the Barrel

From first oil to expert aspirations: The journey of Yashawantie Pancham

OilNOW -
The Prosperity FPSO has completed one year of oil production operations at Guyana's Stabroek Block. To mark the milestone, OilNOW highlights the contribution of Guyanese, Yashawantie Jennifer Pancham, who had the opportunity to test the first oil from the...
News

SBM Offshore completes US$1.5 billion financing for its latest Guyana-bound FPSO

OilNOW -
Dutch shipbuilder SBM Offshore said it completed the US$1.5 billion project financing of the Jaguar floating production, storage and offloading (FPSO) vessel. ExxonMobil hired SBM Offshore to deliver the Jaguar for its Whiptail project for the Stabroek Block, offshore...
News

Guyana, India to explore cooperation in hydrocarbons sector

OilNOW -
Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed during a State Visit by India's Prime Minister Narendra Modi to Guyana, on November 20.  Guyanese Minister in the Office of...
News

Exxon pulls out of Suriname’s Block 52

OilNOW -
ExxonMobil has pulled out of Suriname’s Block 52, where three hydrocarbon discoveries have already been made. State oil company Staatsolie said the oil major’s local affiliate, ExxonMobil Exploration & Production Suriname B.V., formally indicated its withdrawal on November 14.  “The withdrawal...
News

bp secures NCMA 2 Block offshore Trinidad

OilNOW -
bp has been awarded the NCMA 2 block off Trinidad’s north coast during the Shallow Water 2023/24 bid round, which closed in May 2024. This will be a new exploration area for bp in Trinidad and Tobago, as its...
News

Exxon to host virtual feedback session for Guyana vendors

OilNOW -
ExxonMobil Guyana Limited (EMGL) is organizing a Contracting Activity Feedback Session for vendors on Thursday, December 12, 2024.  ExxonMobil initiates search for telecom cabling services in Guyana | OilNOW  The company indicated that the virtual meeting would run from 9:00 a.m....
Opinions

Guyana and Oil – Lessons from Kazakhstan?

OilNOW -
By Greg Quinn - OilNOW I’ve served as a British diplomat in both Guyana and Kazakhstan. There are some interesting lessons to be learnt from comparing and contrasting both countries. There does not seem to be a natural connection but they...
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U.S. Bank confirms US$526M loan to help Guyana slash 460,000 tonnes of emissions annually

The Export-Import Bank of the United States (EXIM) confirmed that its Board approved a $526 million loan to Guyana...

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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