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101 major subsea assets installed in Guyana waters by Edison Chouest C-INSTALLER vessel

OilNOW -
Edison Chouest’s (ECO) C-INSTALLER - a 318 ft. multipurpose support vessel has operated in Guyana for the past five years and has been integral to the country’s offshore oil operations.  ECO shared that the C-INSTALLER positioned 101 major subsea assets...
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Guyana oil exports to generate US$11.3 billion in 2023

Kemol King -
The Guyana government expects crude oil exports this year to generate US$11.3326 billion in 2023, a 14% increase from the 2022 figure, according to budget documents.  These revenues are expected from oil production at the ExxonMobil-operated Stabroek Block, from the...
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Wellesley makes Norway’s largest discovery in a decade

OilNOW -
In a major breakthrough for the Norwegian oil and gas industry, Wellesley Petroleum AS has made the largest discovery on the Norwegian Continental Shelf in a decade. Its partner, DNO ASA, announced the significant gas and condensate discovery on...
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TT, Suriname to produce feasibility studies on future development of hydrocarbon resources

OilNOW -
Trinidad and Tobago and Suriname have laid the foundation for energy cooperation with a new Memorandum of Understanding (MoU) signed on July 6.  TT’s Prime Minister Dr. Keith Rowley and Surinamese President Chandrikapersad (Chan) Santokhi witnessed the signing by Trinidad’s...
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Team Infinity Tech emerges winner in SBM Offshore Guyana-sponsored Innovation Challenge 2023

OilNOW -
The Office of the Prime Minister's Industry and Innovation Unit's Innovation Challenge 2023 reached its exciting conclusion on Sunday at the Arthur Chung Conference Centre. The event, sponsored exclusively by SBM Offshore Guyana, showcased the innovative talents of local...
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Legislators to seek amendments to Guyana’s oil bill in Parliament – Patterson

OilNOW -
Former government minister, David Patterson, said Members of Parliament (MP) from his political party, Alliance for Change (AFC), will propose amendments to the Petroleum Activities Bill. The government is preparing to take the Bill to Parliament for scrutiny and...
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Stabroek Block drilling contractors Noble, Stena to host Business Forum for local suppliers

OilNOW -
Local suppliers in Guyana will have an opportunity to connect with two of ExxonMobil’s biggest drilling contractors - Noble and Stena - at a Business Forum set to take place on Wednesday. The event will be hosted at Duke Lodge...
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US to purchase another 6 million barrels of oil to add to strategic reserve replenishment

OilNOW -
The US Department of Energy is seeking another six million barrels of oil to add to its Strategic Petroleum Reserve (SPR) replenishment. By August, the DOE’s total purchase will stand at 12 million barrels, according to a July 7...
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Exxon still to determine exact location of 35-well campaign in Stabroek Block

OilNOW -
The precise location of new drilling prospects in ExxonMobil’s 35-well Stabroek Block campaign is yet to be determined. The all-clear was given on July 4.  In its updated Cumulative Impact Assessment (CIA), Exxon said that the majority of the wells...
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Exxon consultant to brief private sector about Whiptail project

OilNOW -
Set for Friday July 14, ERM Guyana Inc. will be hosting a virtual sensitisation session on ExxonMobil’s Whiptail project - the 6th Stabroek Block development.  The project was screened by Guyana's Environmental Protection Agency (EPA) which determined that an Environmental...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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