Featured

Featured posts

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...
Stories Beyond the Barrel

Safina Lutchman: Matpal’s First Female Graduate in Shipboard Navigation

OilNOW -
Cadet Safina Lutchman has made history as Matpal Marine Institute’s first female graduate in Shipboard Navigation, an achievement that underscores her determination and trailblazing spirit. At just 30 years old, Lutchman has carved out a path in Guyana’s maritime...
News

Exxon testing Guyana market for fabrication, machining, and repair services

OilNOW -
ExxonMobil Guyana Limited (EMGL) is conducting a Local Market Condition Survey to assess the capabilities of local suppliers for fabrication, machining, and repair work.  The company in a public request for information said the survey aims to identify qualified suppliers...
Guyana's Oil Ledger

Guyana government’s 2024 receipts from oil production exceed US$2 billion

Kemol King -
Guyana’s Natural Resource Fund (NRF) received more than US$2 billion in revenue projected this year and is set to receive several hundred million more by year-end.  The Fund received US$151.4 million in oil sales revenue in October, representing payments for...
News

Suriname Awareness Symposium for Jan. 2025 as country gears for first offshore oil development

OilNOW -
Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.  On a rainy...
News

SBM Offshore expects US$1.9 billion in EBITDA this year, driven by Guyana FPSO sales

OilNOW -
SBM Offshore has updated its 2024 guidance for earnings before interest, taxes, depreciation and amortization (EBITDA)to US$1.9 billion, representing a 46% increase from the previous US$1.3 billion projection.  This significant boost is primarily attributed to the completion of the US$1.23...
News

Guyana looking to Rubio for strong hand in controversy with Venezuela

OilNOW -
With Florida Senator Marco Rubio named as Donald Trump’s pick for Secretary of State, the Guyana government expects strong support from the upcoming United States administration in its border row with Venezuela.  “We’re very pleased also that Senator Rubio will...
News

Saipem, TechnipFMC hired for subsea work on Block 58 development

OilNOW -
Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation. The project will combine TechnipFMC’s subsea...
News

SBM Offshore, Technip Energies to deliver ‘all-electric drive’ FPSO for Suriname’s first deepwater development

OilNOW -
SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development project in TotalEnergies’ Block 58. Under these contracts, the duo will construct and install an all-electric drive floating production, storage and...
News

Guyana inks deal for second powership as holiday season approaches

OilNOW -
The Guyana government has inked a contract for a second powership to be deployed in Guyana by UCC Holdings, for the delivery of 75 megawatts (MW) of additional generating capacity. The agreement was signed on November 13 in Georgetown, by...
1...789...924Page 8 of 924

Latest News

NewsOilNOW -

DSIC launches Errea Wittu FPSO for ExxonMobil’s Stabroek Block

Chinese contractor Dalian Shipbuilding Industry Company (DSIC) has launched the Errea Wittu floating production, storage, and offloading (FPSO) vessel,...

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.

Quick Access

Company Info

Social Networks