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US government is fully supportive of Gas-to-Energy project – Jagdeo 

OilNOW -
The Gas-to-Energy project in Guyana is progressing. Alistair Routledge, President of ExxonMobil Guyana, and Dr. Bharrat Jagdeo, Guyana's Vice President, provided updates on the project during recent press engagements. On the government’s side, Mr. Jagdeo conveyed optimism about positive engagements...
News

SBM Offshore revolutionises asset performance with intelligent agents, data analytics

OilNOW -
SBM Offshore, a global leader in offshore energy solutions, has unveiled its development of intelligent agents and data analytics to predict events and optimise asset performance. The company said its innovative solutions have continuously captured over 160 million time-series...
News

Exxon encouraged by prelim work on Guyana’s 5th FPSO as new builder enters market

OilNOW -
ExxonMobil made a shift from SBM Offshore to Mitsui Ocean Development & Engineering Company Inc. (MODEC) for its fifth production vessel - Errea Wittu.  While construction is in its early stages, Exxon remains confident that MODEC can deliver and match...
Exploration

Norway and Guyana defend oil production amidst environmentalist pressure

Shikema Dey -
There has been an increased global push from anti-oil environmentalists for an end to oil projects in an effort to combat climate change and ensure a smooth transition to renewable energy sources. But countries like Guyana and Norway have...
News

Suriname’s stalled FID

OilNOW -
TotalEnergies is seen as Suriname’s golden ticket to kickstart its Guyana-like offshore oil production operations.   But this is proving to be slow in coming. Why? The country still awaits a final investment decision (FID) for its offshore Block 58 -...
News

For every dollar invested in fossil fuels, 1.7 dollars going to clean energy – IEA Chief 

OilNOW -
Clean energy investments are projected to surpass fossil fuels by more than 50% this year, signaling a significant milestone in the transition to a sustainable energy landscape. According to a recent report by the International Energy Agency (IEA), global...
News

Aker BP enhances resource base in Yggdrasil area with substantial oil find

OilNOW -
Aker BP said it is nearing completion of drilling the Øst Frigg Beta/Epsilon exploration well, situated in the Yggdrasil area of the Norwegian North Sea, and has made a significant oil discovery. Preliminary estimates indicate a gross recoverable volume of...
News

Tullow seeking to unlock value offshore Guyana but not any time soon

OilNOW -
Analysts had expected Tullow Oil  to drill the Amatuk prospect at Guyana’s Orinduik Block this year, but it doesn’t seem like that will happen.  The second renewal period of the Orinduik petroleum agreement started in January. It is set to...
News

Guyana’s gas strategy will explore opportunity for joint development with Suriname

OilNOW -
Vice President Dr. Bharrat Jagdeo said on May 25 that Guyana’s gas strategy, expected to be drafted at the end of the year, will explore the opportunity for joint development with Suriname.  “In some areas like Pluma, more gas,...
News

Environmentalists say Norway’s oil & gas expansion is “a middle finger to the Paris Agreement”

OilNOW -
Environmental activists have voiced strong opposition to Norway's plans for oil and gas expansion, condemning the move as "a middle finger to the Paris Agreement." The Norwegian government has called on energy giants to increase exploration projects in remote...
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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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