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Chevron secures prized stake in Guyana oil block with arbitration win against Exxon

OilNOW -
Chevron has won a high-stakes arbitration battle against ExxonMobil, clearing the way to finalize its US$53 billion acquisition of Hess Corporation and secure a 30% stake in Guyana’s Stabroek Block, a prized asset that has won global attention in...
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Suriname stands at turning point with new President, oil promise

Işıl Güneş -
PARAMARIBO, SURINAME - Nestled on South America’s northern coast, Suriname is now at the threshold of profound change.  On Wednesday, amid a fragile six-party coalition, Jennifer Geerlings-Simons was inaugurated as the country’s first female president. From her first address, President...
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Staatsolie Chief warns of ‘Dutch disease’ as Suriname’s oil ambitions grow

OilNOW -
Staatsolie’s Managing Director, Annand Jagesar, says Suriname must act carefully to avoid the economic risks that come with oil wealth. “You can only mitigate the resource curse. You cannot completely eradicate it,” Jagesar warned during a side interview at the...
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One well to go in Stena Carron’s Stabroek Block drill campaign

OilNOW -
The Stena Carron drillship is nearing the end of its current campaign offshore Guyana, with one managed pressure drilling (MPD) well remaining. The vessel recently began operations at the Hamlet-1 exploration well in the southeastern section of the Stabroek Block....
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TEDxTurkeyen conference to spark bold civic dialogue this August

OilNOW -
A “space for fresh ideas, civic reflection, and visionary thinking”, TEDxTurkeyen is set to debut on August 29 at the George Walcott Lecture Theatre, University of Guyana. The event will follow the theme ‘Bold Voices, New Visions: Shaping Guyana’s Tomorrow’....
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PPP/C outlines Energy Priorities: Gas-to-Energy, Local Content, post-oil planning

OilNOW -
Maintaining Guyana’s “favorable” fiscal regime with no increase in royalties and bringing the Gas-to-Energy project online are among the energy sector focus areas on the cards for a People’s Progressive Party/Civic second-term government.  The party held a consultation on its...
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SLB acquires ChampionX as it strengthens production and recovery capabilities

OilNOW -
SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its announcement on July 16, SLB said ChampionX shareholders received 0.735 shares of SLB common stock for each share they owned....
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FPSO Jaguar enters dry dock in Singapore as construction advances

OilNOW -
SBM Offshore has announced that the FPSO Jaguar, its fifth unit destined for Guyana, has entered dry dock at the Seatrium yard in Singapore.  See video of drydocking below:  “This is a major step forward in this world-class project,” the company...
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Analyst expects stricter local content rules, differences on how to manage oil revenues with new Suriname government

OilNOW -
Suriname’s new coalition government could face internal divisions over how to manage future oil revenues, an international analysis report predicted. This comes after the selection of Jennifer Geerlings-Simons as President, last July 6.  In a country risk report seen by...
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Labour ministry assesses safety and labour standards on Liza Destiny FPSO as part of routine inspections

OilNOW -
Guyana's Ministry of Labour, through its Occupational Safety and Health (OSH) Department, conducted a routine physical inspection of the Liza Destiny oil production vessel on Monday, July 14. The exercise forms part of the ministry’s ongoing efforts to ensure compliance...
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GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13...

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