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Beware of scams: SBM Offshore cautions against misuse of its business identity

OilNOW -
SBM Offshore has issued a cautionary advisory to the public regarding deceptive activities carried out under its name by an unauthorised organisation. SBM Offshore, known for its commitment to safety and consumer protection, uncovered an alarming case in which...
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Geo-Expro explores potential, challenges in Guyana-Suriname Basin in new report

OilNOW -
GEO ExPro - a geoscientist peer magazine focused on the energy sector from a subsurface perspective - released a new report that examined in part, the geological opportunities and risks of the Guyana-Suriname Basin. The section on Guyana was...
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Brazil’s Petrobras strengthens ties with China with new planned subsidiary

OilNOW -
Petrobras has announced plans to establish a Chinese subsidiary. This move, according to Chief Executive Jean-Paul Prates, aims to rejuvenate relations with China, which had cooled during the tenure of former Brazilian President Jair Bolsonaro.  Petrobras intends to launch its...
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Hinterland students to benefit from education programme about Guyana’s sacred Barima Mora Passage

OilNOW -
In an initiative to promote the sustainable use and management of the Barima-Mora Passage, ten hinterland schools in Region One are set to benefit from an Education and Awareness Programme. This passage, revered for its biodiversity, is home to...
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ExxonMobil’s Global Outlook : Oil and gas vital in meeting world’s energy needs through 2050

OilNOW -
In ExxonMobil's recently released "Global Outlook: Our view to 2050" report, a compelling narrative emerges: oil and natural gas are not fading into obsolescence in the world's energy mix. Instead, they are poised to remain indispensable, constituting more than...
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Subsea 7 seeks partners to bolster operations for Guyana’s Gas-to-Energy Project

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Subsea 7 has initiated a hunt for suitable firms to collaborate in support of its pipelaying activities for Guyana's Gas-to-Energy project. The project, a significant endeavour for the South American nation, aims to harness its natural gas resources to...
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Norway forging ahead with oil and gas development “for decades to come” despite environmental lobby

OilNOW -
In defiance of mounting environmental concerns and lobby pressures, the Ministry of Petroleum and Energy in Norway has announced that it has received applications from 25 companies, eager to explore and produce petroleum resources. This move is part of...
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Stabroek Block supplied 12 million crude barrels to market in July

Kemol King -
In July 2023, the Liza projects at Guyana's Stabroek Block continued to demonstrate reliable production. An analysis of data supplied by the Ministry of Natural Resources shows that the projects collectively averaged 387,620 barrels per day (bpd) in July,...
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Tullow gets key nod to exit Orinduik, but might remain on Kanuku license

Kemol King -
Tullow Oil  has received preliminary approval to divest from its position in the Orinduik Block, Vice President Dr. Bharrat Jagdeo related August 31.  “On the Orinduik issue, we have in principle agreed that the approval will be given for Tullow...
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Repsol to pay signing bonus, higher gov’t take, reduced block size if Kanuku license is renewed – Jagdeo

Kemol King -
Guyana Vice President, Dr. Bharrat Jagdeo, said that if Repsol's request to renew its license for the Kanuku Block is approved, the firm would be navigating a new terrain of increased government take, an obligatory signing bonus, and reduced...
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French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...

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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