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Transocean to buy stake in deep sea mineral explorer, in support of energy transition

OilNOW -
Transocean said that one of its wholly owned subsidiaries has agreed to invest in Global Sea Mineral Resources NV (“GSR”) in exchange for a non-controlling interest in the company. GSR is the deep-sea mineral exploratory division of DEME Group NV...
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‘Don’t ask me the question a hundred times!’ – Ali says Exxon contract stays

Kemol King -
Guyana President Dr. Mohamed Irfaan Ali said Friday that discourse in Guyana about the Stabroek Block Production Sharing Agreement (PSA), particularly the call for renegotiation, has become one of obsession and paranoia. “Don’t ask me the question a hundred times,”...
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Guyana’s largest shorebase commissions US$25 million expansion of Houston operation

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Guyana Shore Base Inc. (GYSBI) commissioned its heavy lift berths and “Commander in Chief” Crane on Friday at its Houston compound. Engineering Manager, Bhageshwar Murli, said the expansion cost US$25 million. The four berths form part of 1,400 feet of waterfront...
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FID on Guyana gas project will follow revision of Liza license – Exxon

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ExxonMobil is gearing up to commence construction on the Gas-to-Energy pipeline and associated infrastructure for the Gas-to-Energy project in Guyana as soon as all regulatory hurdles are cleared. President of ExxonMobil Guyana, Alistair Routledge said the company submitted revisions to...
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Guyanese firm becomes only IRATA-approved training company in-country

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Guyanese firm, Panthera Solutions Inc., said it has achieved Industrial Rope Access Trade Association (IRATA) certification, the first such case in-country. Panthera, which describes itself as a leading provider of offshore maintenance services and equipment in the oil and gas...
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Public meetings to relay findings of impact study for Exxon’s 5th Guyana project

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ExxonMobil Guyana has announced another round of public meetings earmarked for the Guyana coast, as it pursues environmental authorisation for the Uaru development project. This time, the meetings will raise awareness about the findings of the recently completed Environmental Impact...
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Exxon awaiting final terms for new PSC to decide on Guyana bid round

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ExxonMobil Guyana President Alistair Routledge said Thursday that the company has registered for the offshore licensing round the government launched in December. “We’re always interested in new acreage,” he said during a media conference in Georgetown. “And clearly, we’ve had...
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Shell’s Pensacola prospect could be among North Sea’s largest gas discovery in decades

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With flow tests completed at Shell’s Pensacola gas prospect in the North Sea, Deltic’s Chief Executive Officer (CEO) Graham Swindells said it is shaping up to be one of the largest discoveries there in decades. Deltic is Shell’s partner on...
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Changing Stabroek PSA after more than US$30B investment would hurt investor confidence – Routledge

OilNOW -
ExxonMobil Guyana President, Alistair Routledge defended the stability of the Stabroek Block production sharing agreement (PSA) during a media conference in Georgetown on Thursday. “We’ve made now over US$30 billion worth of investment to the country based on the contract...
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APA’s new flow test at Suriname well adds ‘substantial resources’ – Christmann

OilNOW -
APA Corporation (Nasdaq: APA) on Wednesday announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery. The well is located approximately 4.6 kilometers (3 miles)...
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TechnipFMC reports strong Q3 2025 results driven by subsea growth

TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025. Net...

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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