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Veolia to supply seawater treatment module for Exxon’s fourth Guyana FPSO

OilNOW -
SBM Offshore has awarded a multi-million-dollar contract to Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd. to supply a seawater treatment process module for the massive ‘One Guyana’ floating production storage and offloading vessel. The vessel will be used...
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Publication of contracts, creating bidders’ register part of Guyana’s anti-corruption efforts

OilNOW -
As Guyana continues with the development of its oil bonanza, the International Monetary Fund (IMF) said it is critical that the new producer mitigates any rise in corruption levels as this ultimately undermines overall growth. In a recent report, the...
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Guyana must strive to produce cleanest oil barrels – Iman Hill

OilNOW -
While she agrees that Guyana must fast-track the development of its oil resources, Iman Hill, Chief Executive Officer (CEO) of the International Association of Oil and Gas Producers (IOGP), is urging authorities to put systems in place to ensure the "cleanest barrels"...
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Rising flows from Guyana’s oil fields continue to shore up UK shortfall

OilNOW -
Russian seaborne crude exports have fallen to a 12-month low as a ban by the European Union along with price caps remain on the horizon. The shortfall in supply across Europe is being shored up by alternative sources of...
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UK company upskilling Guyanese oil workers lands prestigious award

OilNOW -
3t EnerMech, one of the companies involved in the upskilling of Guyanese workers, has been named ‘Regional Winner for East Africa and the Rest of the World’ by the Engineering Construction Industry Training Board (ECITB). The Board celebrates and rewards...
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Exxon expects dip in Q3 profits

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ExxonMobil Corp signalled last week that its Q3 operating profits could dip to US$11 billion before impairments, a significant drop from its Q2 record of US$17.9 billion, according to a recent 8-K filing with the US Securities and Exchange...
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OPEC+ 2 million bpd production cut to take effect in November

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Led by Russia and Saudi Arabia, the Organisation of the Petroleum Exporting Countries and its key allies known as OPEC+ agreed this week to cut production by 2 million barrels per day (bpd). Importantly, this is the largest reduction...
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Is Guyana ready to go electric?

Kemol King -
The first photo to hit Facebook was of the vehicle being lifted off a ship and onto a wharf in Georgetown – a sleek, black Model Y Tesla – the first of its kind on Guyana’s shores and a...
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Europe’s scramble for alternative energy sources justifies Guyana’s accelerated oil development – petroleum expert

OilNOW -
If observers require a compelling global case to understand why Guyana’s accelerated march to energy independence is justified, then they only ought to look at the crisis gripping Europe, says Iman Hill, Chief Executive Officer (CEO) of the International Association of...
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UK launches massive bid round for 898 blocks

OilNOW -
With Europe locked in an energy crisis following the Russia-Ukraine war, the United Kingdom has launched its 33rd oil and gas licensing round for a whopping 898 blocks. Specifically, the UK’s North Sea Transition Authority (NSTA) issued a notice on Friday...
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Hammerhead gas to flow through pipeline as soon as project starts

Gas from ExxonMobil’s newly sanctioned Hammerhead development will begin flowing immediately through Guyana’s Gas-to-Energy (GtE) pipeline once production starts...

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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