News

News

MODEC in search of FPSO mooring hook-up services for ExxonMobil’s Uaru project

OilNOW -
MODEC Guyana Inc. (MOG) has issued a Request for Information (RFI) for Floating, Production, Storage and Offloading vessel (FPSO) mooring hook-up services for the Uaru Project.  The project involves the Errea Wittu FPSO, which will be situated 190 kilometers from...
News

Hammerhead tapped as Exxon’s seventh Stabroek Block development 

Shikema Dey -
ExxonMobil has selected Hammerhead as its seventh development in Guyana’s Stabroek Block.  The company filed for environmental authorization on June 25. The development is expected to target between 120,000 and 180,000 barrels per day (b/d).  Unlike the previous developments, Hammerhead is expected...
News

Border Case: ICJ sets Dec. 5 2024, Aug. 11, 2025 for Guyana, Venezuela to make written submissions 

OilNOW -
Dates have been set by the International Court of Justice (ICJ) for written second round pleadings by Guyana and Venezuela in the ongoing border case.  Per the ICJ’s order, Guyana has until December 9 this year to make submissions. Venezuela...
News

Gas-to-Energy: Guyana to tender soon for NGL storage facility, marketer – Ali

OilNOW -
Guyana plans to advertise its need for a storage facility and a marketer for the Natural Gas Liquids (NGL) from its Gas-to-Energy project soon. “The government is working to have an NGL storage facility and marketer for the NGL to...
News

State, Exxon must be added to legal proceedings affecting petroleum activity – Guyana High Court rules 

OilNOW -
Guyana’s High Court ruled on June 24 that the State and ExxonMobil Guyana has a right to be party to legal proceedings that affect petroleum operations.  According to a release from the Attorney General’s office, which represented the State, the...
News

Former Exxon official to lead Fulcrum LNG in Guyana gas partnership

OilNOW -
A former ExxonMobil official, Jesus Bronchalo, is the Founder and Chief Executive Officer (CEO) of Fulcrum LNG—a U.S. firm Guyana identified to partner with the government and ExxonMobil on a major natural gas development. Bronchalo announced his association with Fulcrum,...
News

Suriname gets first OPITO-certified training center as preparations continue for offshore development

OilNOW -
The Kersten Group of Companies announced the official opening of the Kersten Training Academy, an OPITO-certified training center focused on the onshore and offshore oil and gas industry in Suriname.  Kersten said the academy offers high-quality, mandatory energy and industry-related...
News

Border Controversy: Guyana open to renewing talks with Venezuela post-elections – Presi. Ali

OilNOW -
Guyana’s President, Irfaan Ali, has expressed readiness to renew diplomatic engagements with Venezuela following the conclusion of its current election period.  During a June 20 press briefing, President Ali addressed the importance of peaceful dialogue and regional stability while also...
News

With days left, CGX on course to lose its third Guyana block

Kemol King -
CGX Energy and its Corentyne Block partner, Frontera Energy, are on the brink of losing the Corentyne Block.  This would make CGX’s third loss of a Guyana block, following the relinquishment of the Demerara and Berbice Blocks in June 2022....
News

Stabroek Block cost recovery to exceed US$30 billion in 2024

Kemol King -
Cost recovery for investments into the Stabroek Block petroleum operations are set to accumulate to approximately US$31 billion by the end of 2024.  The Stabroek Block Production Sharing Agreement, inked by the Guyana government, ExxonMobil, Hess and CNOOC, allows the...
1...107108109...1,006Page 108 of 1,006

Latest News

NewsOilNOW -

bp makes 10th discovery of the year, its largest in 25 years

bp announced a major oil and gas discovery at the Bumerangue prospect in deepwater offshore Brazil, its tenth discovery...

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