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Hammerhead project rivals Liza with superior reservoirs

OilNOW -
ExxonMobil’s Hammerhead project, its seventh development in Guyana’s Stabroek Block, boasts reservoirs “as good as, or even better than”, the flagship Liza field, according to Alistair Routledge, President of ExxonMobil Guyana. He shared this detail during a recent episode...
Stories Beyond the Barrel

From hockey to health and safety: Michael Harding’s path to offshore success

OilNOW -
Michael Harding, Assistant Safety Officer aboard the Prosperity floating, production, storage, and offloading vessel (FPSO), offers a unique perspective on the oil and gas industry. “The great part about safety is that you're working with every department,” he explained...
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Global energy supply chains face persistent challenges in 2025 

OilNOW -
Supply chain challenges continue to disrupt global energy markets in 2025, with geopolitical tensions and protectionism driving significant shifts in the sector.  “High investment levels in oil and gas and new energy sectors are adding strain to an already stretched...
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New Demerara bridge to be completed by August 31, 2025 – Government

OilNOW -
The new four-lane high-span Demerara bridge will be completed on August 31, 2025.  The bridge is now 61.72% completed, and is one of several major projects expected to be completed in Guyana this year. The new bridge will be instrumental...
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Suriname oil development could be most expensive to date in Guyana Basin

OilNOW -
Staatsolie said Suriname’s first oil development in the shared basin could cost US$13.2 billion. This would represent the highest development expense for such a project, costing more than any of the six projects already sanctioned for nearby Guyana in the same...
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Global upstream investments to decline 2% in 2025, says Rystad Energy

OilNOW -
Global upstream investments are forecast to drop by 2% in 2025, marking a slowdown after years of growth, according to Rystad Energy.  Despite the overall decline, deepwater investments are set to rise by 3%, supported by projects in Suriname, Mexico,...
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MODEC Guyana seeks contractor for gas detector supply and maintenance on Errea Wittu FPSO

OilNOW -
MODEC Guyana is soliciting proposals for the supply, servicing, and calibration of portable gas detectors to support operations on the UARU Floating Production Storage and Offloading (FPSO) unit.  MODEC said it aims to enhance safety and operational risk management for...
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Brazil enacts law enabling flexible local content policies in oil and gas

OilNOW -
The Brazilian government has enacted Law 15,075/2024, introducing significant changes to the regulation of local content and production sharing agreements in the oil and gas sector. Effective December 26, 2024, the law aims to boost investments and optimize the...
Stories Beyond the Barrel

From Sandvoort to offshore success: The inspirational journey of Denzil Southwell

OilNOW -
Denzil Southwell, a young Guyanese man from Sandvoort Village, Berbice, has quickly risen through the ranks in the offshore oil and gas industry, serving as Assistant Oxide Driller with Noble Drilling. Just three years ago, Denzil saw a job...
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A look back at 2024 milestones in Guyana’s oil and gas industry 

OilNOW -
The year 2024 marked pivotal advancements in Guyana's oil and gas sector, cementing the country's position as a key player in the global energy market. Here’s a look at the stories that made waves this year, highlighting the industry's...
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CGX down US$56.4 million; Executive Director Suresh Narine resigns

CGX Energy Inc. has reported a US$56.4 million impairment loss on its Corentyne Block assets for the second quarter...

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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