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Touchstone’s Cascadura field drives 151% surge in quarterly production

OilNOW -
Touchstone Exploration Inc. has released its financial and operating results for the three months and year ended December 31, 2023. The company reported significant achievements and milestones in its annual performance.  In the fourth quarter of 2023, Touchstone said it...
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Norway firm forecasts five more FPSO awards for Guyana in five years

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Norway-based energy research and business intelligence company, Rystad Energy, expects there to be five new awards for floating production, storage and offloading (FPSO) vessels over the next five years for Guyana.  This was stated in a January 2024 whitepaper South...
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Eco Orinduik Block partner could secure 75% stake ahead of campaign targeting 700 million barrels

OilNOW -
Eco Atlantic Oil & Gas' Chief Executive Officer (CEO) Gil Holzman says its future partner in the Orinduik Block offshore Guyana could secure as much as 75% stake in the acreage.  Eco is the sole owner of the block but...
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MAN Energy to deliver compressor trains for Equinor’s Brazil-bound Raia FPSO

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MAN Energy Solutions said it was commissioned by MODEC to deliver eleven RB-type compressor trains for a Brazil-bound floating production, storage and offloading (FPSO) vessel.  Offshore Frontier Solutions Pte. Ltd. a MODEC Group company, was started in partnership with Toyo...
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Feb. Data: Production steady at Exxon’s Stabroek Block projects

Kemol King -
Data from Guyana’s Ministry of Natural Resources indicates that in the month of February, ExxonMobil’s Liza 1 and 2 developments demonstrated the steadiest output at their respective peak ranges since production began. Payara was also stable with just a...
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Chevron CEO says ExxonMobil discussions over prolific oil field offshore Guyana “ended abruptly”

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(Bloomberg) – Chevron Corp.’s discussions with Exxon Mobil Corp. and China’s Cnooc Ltd. over a prolific oil field off the shores of Guyana ended “abruptly” a few weeks ago, Chief Executive Officer Mike Wirth said. Chevron held constructive talks with...
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Blue Water Shipping opens applications for 2024 Trainee Program, opportunities exist for four Guyanese

OilNOW -
Blue Water Shipping has announced the opening of applications for its highly anticipated 2024 Trainee Program, offering invaluable opportunities for aspiring logistics professionals in Guyana. With a focus on developing talent within the country, the program aims to equip...
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Venezuela launches offshore seismic data initiative with UK firm Geoex MCG

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Venezuela has initiated a process to bolster its offshore exploration efforts by partnering with Geoex MCG, a UK-based subsurface data specialist, to conduct extensive seismic data acquisition across the country’s gas-rich offshore waters. Geoex MCG Ltd announced the signing of...
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Woods says Exxon not trying to buy Hess in dispute over Guyana assets

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Speaking publicly for the first time on ExxonMobil’s pursuit of an arbitration case that could block Chevron's purchase of Hess, CEO Darren Woods said Exxon’s objective is to establish it has rights over Hess’ Guyana assets, not to buy...
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Saipem field development ship conducting installation for Exxon’s next big oil project

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The Saipem FDS2 vessel is engaged in installation activities offshore Guyana, in support of ExxonMobil’s massive Yellowtail development project, according to an update from Guyana’s Maritime Administration Department.  The vessel is expected to operate through 2024 in anticipation of production...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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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