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MODEC to open 32 procurement opportunities for Guyanese firms over next 5 months

OilNOW -
MODEC Guyana is set to open a series of procurement opportunities as it works to deliver a floating production, storage and offloading (FPSO) vessel for operation offshore Guyana. The Local Content Secretariat revealed a list of 32 opportunities that form...
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ExxonMobil Guyana extends title sponsorship for 2025 energy expo

OilNOW -
ExxonMobil Guyana has returned as the title sponsor of the Guyana Energy Conference and Supply Chain Expo (GECSCE) for the fourth consecutive year. The event, which enjoys exclusive support from the government of Guyana, will be held from February...
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“Guyana is a land of opportunity” says British High Commissioner

OilNOW -
British High Commissioner Jane Miller has declared that "Guyana is a land of opportunity" for UK businesses.  Speaking ahead of the International Business Conference (IBC) 2024, Miller underscored the vast potential for UK companies in key sectors such as infrastructure,...
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600 people to be hired during drilling stage of Suriname’s Block 58 project 

Shikema Dey -
Paramaribo, Suriname - TotalEnergies anticipates job opportunities for around 600 people during the drilling phase of its US$9 billion Block 58 development offshore Suriname.  However, it was outlined in the company's environmental and social impact assessment (ESIA) that this pool...
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Staatsolie boss in favour of local content policy instead of law    

Shikema Dey -
Paramaribo, Suriname - As plans continue to move forward for Suriname’s first offshore oil production project, Managing Director of state oil company Staatsolie, Annand Jagesar, believes the country would do well with a local content policy instead of a...
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TGS, Petrobras sign MoU to drive innovation, sustainability in Brazil’s energy sector

OilNOW -
TGS, a global leader in energy data and intelligence, and Petrobras announced the signing of a Memorandum of Understanding (MoU) to collaborate on scientific research and technological development in Brazil. The partnership aims to leverage the expertise and resources...
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TotalEnergies could potentially subscribe to Guyana-based capping stack service for its first development offshore Suriname

Shikema Dey -
Paramaribo Suriname - With Guyana now having a capping stack in country, TotalEnergies is considering a subscription as plans progress for Suriname’s first offshore development.  TotalEnergies Vice President - Health, Safety, Security, and Environment, Simon Byrne, confirmed this on Aug. 28...
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Jagdeo talks up hotel incentive regime as Hilton announces Guyana debut

OilNOW -
Guyana's Vice President, Bharrat Jagdeo, reaffirmed the government's hotel incentive regime during a press conference on Wednesday. This follows Hilton's announcement of its entry into the Guyanese market with the signing of the dual-brand Hilton Georgetown and DoubleTree Suites...
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Eco Atlantic completes farm down of South Africa Block, strengthens focus on Guyana and Namibia

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. has completed a farm down of its 13.75% interest in Block 3B/4B offshore South Africa. The transaction involved the transfer of operatorship to TotalEnergies following regulatory approval. Eco Atlantic now holds a 6.25%...
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CRP Subsea secures ‘major’ contract for deepwater oil field project in Guyana 

OilNOW -
UK-based CRP Subsea has been awarded a “major” contract from an unnamed “leading energy technology company,” for an offshore oil field project located approximately 200 kilometers off the northern coast of Guyana. The announcement was made by AIS, CRP Subsea’s...
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IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and 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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