News

News

Libra Consortium approves gas separation project in Brazil’s Mero Field 

OilNOW -
The Libra Consortium, a Petrobras-led group, has officially greenlit a natural gas and CO2 separation and reinjection initiative in the Mero field, located in the Brazilian deep offshore pre-salt region. The move, marking the final investment decision, aims to...
News

Refinery or strategic reserves? Guyana explores options for fuel security

OilNOW -
Guyana is still considering a refinery, according to Vice President Bharrat Jagdeo, with five prospective investors already identified.  “We have been having discussions with a number of people who have expressed interest. That group was narrowed down to about five,”...
News

IMF projects 26.6% growth for Guyana in 2024, warns of overheating risk

OilNOW -
The International Monetary Fund's (IMF) Article IV Consultation Report from December 2023 forecasts 26.6% growth in Guyana's economy for 2024, following a 38.4% projected expansion in 2023.  While the IMF’s report was positive, it warned the economy could become overheated,...
News

Oil majors gradually taking over Guyana-Suriname basin

OilNOW -
The oil majors ExxonMobil, TotalEnergies, Chevron, and Shell are gradually expanding their presence in the Guyana-Suriname Basin. With some contracts expected to be finalized in 2024, these four companies will have stakes in 15 offshore blocks, amounting to more...
News

Petrobras-led group makes order with TechnipFMC valued over US$1 billion

OilNOW -
TechnipFMC announced a major integrated engineering, procurement, construction, and installation (iEPCI™) contract awarded by Petrobras. This contract, valued over US$1 billion, is for the Mero 3 HISEP® project, an endeavor utilizing subsea processing to capture and inject carbon dioxide-rich...
News

Guyana, Namibia to remain key exploration hotspots for the foreseeable future – S&P

OilNOW -
Guyana and Namibia are set to sit at the top as pivotal exploration hubs in the foreseeable future, according to predictions by S&P Global Commodity Insights analysts Ian Conway, Jack Rivers and Stuart Lewis.  ExxonMobil is the lead operator in...
News

Guyana’s exponential energy demand may beckon another power project – VP

Shikema Dey -
Vice President Bharrat Jagdeo believes Guyana may need to start planning for another energy generation project to satisfy the country’s growing demand.  Current output has trouble meeting demand, and this leads to frequent power outages sometimes countrywide. A reliable solution...
News

Halliburton scores hattrick on Dow Jones Indices

OilNOW -
Halliburton Company has been named to the 2023 Dow Jones Sustainability Indices (DJSI). 2023 marks the third consecutive year that the company has been named to the list. On top of that, Halliburton said in a release that the...
News

Leading Suriname oil explorer strikes US$4.5 billion deal to acquire Permian energy company

OilNOW -
APA Corporation, a US energy firm, has announced a definitive agreement to acquire Callon Petroleum Company in an all-stock transaction valued at approximately US$4.5 billion. This amount includes Callon's net debt. The strategic move will see each share of...
News

Jagdeo confirms Exxon’s 250,000-bpd Whiptail project to be approved in Q1 2024

OilNOW -
Guyana Vice President Bharrat Jagdeo has indicated that ExxonMobil's Whiptail project, set to produce 250,000 barrels of oil per day (bpd), is on track for approval in the first quarter of 2024. Responding to inquiries about the approval's Q1...
1...157158159...999Page 158 of 999

Latest News

NewsShikema Dey -

More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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