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TotalEnergies looking to Exxon’s Guyana model for cost-saving measures

Shikema Dey -
As TotalEnergies plans its first offshore development in Suriname’s Block 58, it is taking a page out of ExxonMobil’s book with its cost-saving operations in the prolific Stabroek Block offshore Guyana.  “With Suriname, we are trying to work on an...
News

DeepOcean secures contract with ExxonMobil Guyana for subsea services

OilNOW -
Ocean services provider DeepOcean has clinched a contract from ExxonMobil Guyana, marking its foray into the South American country's market and its first major collaboration with Exxon in the Americas. The contract entails the provision of subsea construction and...
News

Venezuela’s military posture does not conform with its diplomatic stance – Todd

OilNOW -
Guyana and Venezuela recently pledged peace with the Arygle agreement. But recent satellite images surfaced showing an increased military presence by Venezuela, close to the shared border.  “This is not the first time Venezuela has adopted a military posture that...
News

SBM Offshore launches second annual Guyana-Monaco Mousetrap Car Grand Prix

OilNOW -
SBM Offshore has officially initiated the second Guyana-Monaco Mousetrap Car Grand Prix 2024, inviting secondary schools in Guyana to participate in the unique international competition with the support of the Ministry of Education. According to a release from SBM Offshore...
News

High cost of power drives investors away, says business group in most vigorous push yet for Gas-to-Energy project

OilNOW -
Senior Vice President of the Georgetown Chamber of Commerce and Industry (GCCI), Richard Rambarran, said seven out of every 10 investors who interact with the Chamber, end up postponing their investment decisions in Guyana, deterred by the country's persistent...
News

Trinidad says two vessels involved in oil spill were bound for Guyana

OilNOW -
Trinidad and Tobago’s Coast Guard (TTCG) confirmed today that not one, but two vessels - a tug and barge - were involved in the oil spill it is currently battling. “Even as investigations are continuing, video footage and other information,...
News

ExxonMobil’s Liza projects cop excellence award

OilNOW -
ExxonMobil's Liza projects have been honored with the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award, recognizing outstanding achievements in executing oil and gas projects.  The award, presented during the 2024 IPTC in Dhahran, Nepal, highlighted the company's...
News

Berbice region to be central hub for gas supporting infrastructure – Pres. Ali

OilNOW -
As Guyana builds out its gas industry, President Irfaan Ali sees the Berbice region playing an integral role in its development.  According to the President, Berbice is set to become a hub for “gas-supporting infrastructure.”  “A mall, hospital, industries and, of...
News

Senegal’s first-ever FPSO arrives for mid-2024 startup

OilNOW -
Woodside Energy announced the February 10 arrival of the first floating production, storage and offloading (FPSO) vessel to Senegal’s waters. The Léopold Sédar Senghor FPSO will now be hooked up to the subsea infrastructure and 23 wells for a...
Exploration

Petronas commences drilling on Fusaea well in Suriname’s Block 52

OilNOW -
Annand Jagesar, Managing Director of Staatsolie confirmed that Petronas has commenced drilling in Suriname’s block 52.  “They are drilling the Fusaea oil exploration well. This will be followed by the Sloanea gas appraisal well,” Jagesar told OilNOW. Drilling activities are...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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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