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Technical Training College project “will not significantly affect environment” – EPA

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The Environmental Protection Agency (EPA) has concluded that a study of the environmental and social impacts of the Guyana Technical Training College Incorporated (GTTCI) being constructed in Port Mourant, Corentyne, Berbice, is not necessary. The institution is set to...
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Brazil’s Petrobras to install 11 new FPSOs in presalt basin to mark 15-year production anniversary

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Brazil’s Petrobras marked 15 years of pre-salt offshore production this month and unveiled intentions to deploy 11 new production platforms in the basin by 2027.  Since December 2022, Petrobras initiated operations on the P-71 platform at the Itapu field and...
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IEA says Guyana will achieve explosive oil supply growth through 2028 

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By 2028, Guyana is expected to provide approximately 1.3% of global oil demand. By then, the ExxonMobil-led consortium holding the Stabroek Block will have invested approximately US$54 billion to develop projects offshore the South American country. While global oil demand...
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Education Ministry receives bids for Port Mourant Hospitality Institute

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Construction is underway at the Port Mourant Technical Training College in Berbice, Region 6. This highly-anticipated project is meant to train Guyanese to take up roles in the oil and gas and hospitality sectors.  Guyana’s Finance Minister, Dr. Ashni Singh...
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Petrobras revising divestment strategy, puts Urucu, Bahia-Terra, Manati, and Argentine subsidiary sales on pause

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In line with shifting priorities, Brazil’s Petrobras has axed the divestment of four major assets as it seeks to revise the process. Its sale of the onshore Urucu and Bahia-Terra clusters, the Manati oilfield, and its Argentine subsidiary, Petrobras...
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Rystad Energy predicts bullish oil market as Saudi Arabia & Russia extend cuts, fueling price surge

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The oil market was quick to react to OPEC’s founding member Saudi Arabia extending its one million barrel per day (bpd) production cut to December 2023. Oil prices shot up to US$90.50 - the highest it’s been since November...
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New national control centre being constructed to support Guyana’s gas project 

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The Office of the Prime Minister in Guyana is seeking to have a national control centre constructed to facilitate the country's energy infrastructure overhaul, including support for the Gas-to-energy project. It has issued a public Request for Proposals (RFP)...
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Puran Bros bid for GY$659 million Haags Bosch expansion contract

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Guyana’s Ministry of Local Government and Regional Development is gearing up to construct a third cell at the Haags Bosch Sanitary Landfill, the largest waste repository in the South American country. Puran Brothers Disposal, Inc. has placed a competitive bid...
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Nigeria’s Oando PLC to acquire NAOC from Eni

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Italian energy giant Eni has declared the signing of an agreement to sell its wholly-owned subsidiary, Nigerian Agip Oil Company Ltd (NAOC Ltd), to Oando PLC. Oando PLC, an energy solutions provider, is prominently listed on both the Nigerian...
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Oceaneering gets contract for jumper, subsea field development installation in Stabroek Block

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Oceaneering International, Inc. has announced the successful acquisition of two international contracts through its Offshore Projects Group (OPG) segment, boasting a total combined value exceeding US$100 million. Oceaneering has been awarded a project in the Stabroek block, offshore Guyana. The...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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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