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Guyana government, Exxon at odds over issue of attorney ‘conflict of interest’ 

OilNOW -
Guyana’s Vice President Bharrat Jagdeo is maintaining that the newly elected Leader of political party, the Alliance for Change (AFC), has a conflict of interest due to his relationship with ExxonMobil, operator of the Stabroek Block. Nigel Hughes, the AFC...
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NOCs adapting to future energy demands – Rystad Energy 

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Schreiner Parker, Managing Director for Latin America at Rystad Energy, believes that the global oil and gas industry faces significant external pressure to adapt to future realities. Despite this, he asserts that oil and gas companies, including national oil...
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Guyanese seizing opportunities in the oil and gas sector: From firefighter to search and rescue rear crew

OilNOW -
The prolific oil and gas industry in Guyana has been a focal point of economic development, fueling numerous opportunities for locals to participate and thrive. One such success story is that of Kevin Sawh, a 25-year-old who recently graduated as...
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CIMC Raffles secures EPC contracts for Petrobras’ new FPSO hulls

OilNOW -
CIMC Raffles, a subsidiary of CIMC Group, has been awarded the engineering, procurement and construction (EPC) contract to supply the hulls for two new production vessels - P-84 and P-85 - by Seatrium.  These floating, production, storage and offloading vessels...
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China Merchants Heavy Industry building Fast4Ward hull for Suriname’s first offshore project 

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The Multipurpose Floater C (MPF C) Fast4Ward hull reserved by SBM Offshore for Suriname’s US$9 billion offshore development is being fabricated by China Merchants Heavy Industry (CMHI). TotalEnergies reserved the hull in June.  According to a July 12 Upstream Online...
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U.S. DOE seeks 4.5 million barrels for SPR amid rising crude prices

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The U.S. Department of Energy (DOE) has issued a solicitation to purchase 4.5 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). However, the recent surge in crude prices may hinder this effort. US strategic petroleum reserves sink...
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Guyana salary levels “in another few years” will win back migrating nurses – Ali

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Guyana President Dr. Mohamed Irfaan Ali said Guyana’s salary levels, in a few years, will win back critical groups of workers who have left Guyana’s shores for more attractive remuneration.  “In another few years, our salary structure will be comparable...
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Exxon conducting drilling operations at Haimara-3

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ExxonMobil is continuing exploration drilling at the Haimara-3 well site in the Stabroek Block offshore Guyana. The drilling, conducted by the Noble Sam Croft, will conclude on July 31, 2024, according to a notice by the Maritime Administration Department.  The...
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OPEC adjusts 2024 economic growth outlook to 2.9%

OilNOW -
OPEC's latest Oil Market Report offers an optimistic view of the global oil market. The organization has revised its 2024 global economic growth forecast slightly higher to 2.9%. This adjustment is due to stronger-than-expected performances in key economies like...
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Several bids received in Suriname’s shallow water round targeting multi-billion-barrel resources

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Suriname's shallow water bid round has closed and according to its state oil company, Staatsolie, “several bids” were received.  “We would like to thank the companies which have shown their interest,” the Staatsolie said in a recent announcement.  The state oil...
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Exxon now controls deepwater asset larger than surface area of TT 

Trinidad and Tobago’s Minister of Energy and Energy Industries, Roodal Moonilal, today announced the signing of a “historic” Production...

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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