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Jagdeo, Trotman at odds over signing of 2016 contract with ExxonMobil

OilNOW -
The 2016 Stabroek Block Production Sharing Agreement (PSA) Guyana signed with US oil major ExxonMobil continues to be a main topic of discussion and contention. An exchange of words between Raphael Trotman, former Minister of Natural Resources, and current...
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ExxonMobil Guyana seeks suppliers for offshore personnel travel vessel services

OilNOW -
ExxonMobil Guyana has announced plans to establish an agreement for personnel travel vessel services. In a recent public Request for Information (RFI), the company has invited qualified firms to step forward and potentially secure this vital role in their...
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Equinor and partners amplify oil production at Statfjord Øst project

OilNOW -
Equinor and its partners have announced the boosting of production at the Statfjord Øst project offshore Norway. The initiative enhances the oil extraction rate, leading to an increase in production by a whopping 26 million barrels of oil equivalents...
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Housing demand balloons as Guyana’s oil sector gets bigger – Min Croal as major Building Expo opens

OilNOW -
The expansion of Guyana’s oil and gas sector has resulted in a new dilemma for its government - a deficit in housing, according to the subject Minister Collin Croal.  Guyana launched the second edition of its massive Building Expo on...
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Guyana government still to approve sale of Tullow’s Orinduik holdings to Eco Atlantic – Vice President

Kemol King -
The Guyana government has not yet approved the transaction enacting Tullow Oil Plc’s departure from the Orinduik block. Vice President Dr. Bharrat Jagdeo told OilNOW on August 24 that Tullow has formally communicated its desire to sell its subsidiary,...
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Repsol asks Guyana for brand new license for Kanuku Block

Kemol King -
Kanuku block operator, Repsol, has applied for a new exploration license for the acreage. Guyana's Vice President Dr. Bharrat Jagdeo confirmed this in a comment to OilNOW on Thursday. He said the government has to consider it. Repsol appears...
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Surge in drilling activities expected to revitalise Nigeria’s oil and gas sector until 2030

OilNOW -
Westwood anticipates a substantial surge in drilling activities within Nigeria's oil and gas sector between 2023 and 2030, with a forecast of an average of 140 development wells to be drilled each year during this period. This significant uptick...
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Ramps Logistics, Flying Ship Technologies forge eco-friendly shipping revolution in Caribbean and South America

OilNOW -
Ramps Logistics Limited has taken a significant step towards transforming shipping in the Caribbean and South America. The company has inked a letter of intent with Flying Ship Technologies Corporation to introduce unmanned autonomous, eco-friendly wing-in-ground-effect vessels, known as...
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South America to become crude powerhouse by 2030 – Rystad 

OilNOW -
Crude oil production in South America is poised to reach a staggering nine million barrels per day (bpd) by the year 2030, according to new projections unveiled by a Norway-based energy research and business intelligence company. This surge in...
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Namibia, Guyana holds equal amount of offshore oil reserves

OilNOW -
Guyana and Namibia's oil reserves are estimated to be identical at 11 billion barrels, according to recent data released by the state-owned National Petroleum Corporation of Namibia (NAMCOR).  From NAMCOR’s data, the bulk of Namibia’s resources are from TotalEnergies' Venus-1X...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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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