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ExxonMobil leads majors in reserve replacement – Westwood 

OilNOW -
At the end of 2023, ExxonMobil reported booked reserves equivalent to more than 12 years of its production, according to a report from Westwood Global Energy Group.  In contrast, the combined proved reserves for five supermajors - bp, Shell, Chevron,...
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QatarEnergy joins Chevron in Block 5 offshore Suriname

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QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for Block 5 offshore Suriname. Chevron, the operator, will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s...
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Ayodele Dalgety-Dean takes reins as Sispro’s new Chairwoman

OilNOW -
Sispro Incorporated, a pioneering women-led indigenous energy company in Guyana, has appointed  Ayodele Dalgety-Dean as Chairwoman following its Annual General Meeting held on July 3, 2024. Dalgety-Dean is esteemed for her extensive background in social justice and dedication to...
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TOTALTEC launches graduate engineer apprenticeship program in Guyana

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TOTALTEC is seeking talented graduate engineers for its comprehensive 3-year apprenticeship program in Georgetown, Guyana. The company outlined that the program offers hands-on experience, multidisciplinary training, and a strong career foundation in the engineering industry. TOTALTEC teams up with Skills...
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SLB eyes growth in Guyana, Brazil with deepwater opportunities

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The development of new deepwater basins in Latin America and beyond presents significant growth opportunities for oilfield services giant SLB, according to Chief Executive Officer (CEO) Olivier Le Peuch. In a Friday conference call discussing the company's second-quarter earnings,...
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DOF secures multiple contracts with Petrobras in Brazil

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DOF has announced several new contract awards with Petrobras and a 1st Tier EPCI-SURF Contractor in Brazil. The AHTS Skandi Jupiter and Skandi Mercury, managed by DOF, have been contracted by Petrobras to operate as AHTS 230t BP. This...
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Bourbon Clear vessel in Guyana to support Yellowtail development operations 

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Offshore marine services company – Bourbon Guyana Inc. – now has seven vessels supporting oil and gas operations offshore in the Stabroek Block.  “The Bourbon Clear joins our local Bourbon Guyana fleet, increasing the number to 7 OSVs operating...
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Halliburton reports US$709 million net income in Q2 2024

OilNOW -
Halliburton announced a net income of US$709 million, or us$0.80 per diluted share, for Q2 2024. This marks an increase from Q1 2024, which saw a net income of US$606 million, or US$0.68 per diluted share, and an adjusted...
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TotalEnergies CEO sees Namibia enjoying Guyana-like oil boom 

OilNOW -
TotalEnergies Chief Executive Officer (CEO) Patrick Pouyanne envisions Namibia experiencing an oil boom similar to Guyana’s, a July 18 Bloomberg report read. TotalEnergies SE, Shell Plc and Galp Energia SGPS SA, have made significant offshore discoveries with an 80%...
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With 52% equity boost, Exxon-led Guyana group better positioned to handle a spill

Kemol King -
The combined equity of the Guyana affiliates of ExxonMobil, Hess and CNOOC was US$18.6 billion at the end of 2023. This is a 52% increase from US$12.2 billion in the prior year, boosting the group’s capacity to respond to...
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Eight Graduate Engineers complete SBM Offshore Guyana programme, nine join new cohort

Eight young Guyanese engineers have completed SBM Offshore Guyana’s Graduate Engineers’ Programme, marking the end of an intensive 18-month...

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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