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First-ever sustainability guide for greener offshore operations launched by American Bureau of Shipping

OilNOW -
The American Bureau of Shipping (ABS) has introduced new detailed requirements for greener offshore operations in its first sustainability guide targeting the global offshore industry. ABS said the guide, developed by working with major offshore industry clients – like ExxonMobil,...
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Guyana can use regulations to address delayed payments to local companies – energy strategist

OilNOW -
With the use of Local Content Regulations, the Guyana Government can outline provisions that dictate shorter payment timelines by oil companies, says Trinidadian Energy Strategist, Anthony Paul. During an interview on radio programme, Guyana’s Oil and You, Paul shared that...
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Alessandro Puliti appointed new Saipem CEO

OilNOW -
With the sudden resignation of its Chief Executive Officer (CEO) Francesco Caio, Saipem has promoted energy industry veteran Alessandro Puliti to serve in the post. The Italian oilfield services company announced on Wednesday that Puliti will still serve in his...
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ExxonMobil adds third reservoir target to massive Uaru development

Shikema Dey -
ExxonMobil’s fifth Stabroek Block development – Uaru – is set to target three massive reservoirs, Uaru, Mako and Snoek, according to the final Terms and Scope for the project’s Environmental Impact Assessment, submitted to Guyana’s Environmental Protection Agency (EPA). The...
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FID at Suriname’s most prolific block not likely this year

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A final investment decision at Block 58 offshore Suriname could come in 2023, rather than later this year as was previously anticipated. Another drillship will move to the Sapakara field to drill a second appraisal well at Sapakara South, where...
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Schlumberger, Aker, Subsea 7 in JV to push efficiency, drive innovation in subsea production

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Schlumberger, Aker Solutions and Subsea 7 announced on Tuesday the launch of a new start-up venture meant to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. Schlumberger, in the announcement, outlined that...
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Guyana officially appoints historic board, committees to manage oil windfall

Kemol King -
The government of Guyana handed over instruments of appointment to persons identified to sit on critical bodies established for the management of Guyana’s oil fund. The ceremony occurred at the Office of the President in Georgetown, in the presence of...
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EPA issues final terms for impact study at Exxon’s largest ever proposed project in Guyana

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Guyana's Environmental Protection Agency (EPA) in early August approved the final terms and scope for the Environmental Impact Assessment (EIA) for the Uaru Development Project, Exxon’s fifth and largest project at the Stabroek Block. The terms and scope document was prepared...
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‘Heavy oil’ at Orinduik Block could be developed with floating production facility – Eco

OilNOW -
Eco (Atlantic) Oil & Gas says it remains optimistic about the development potential of the Jethro-1 heavy oil discovery made in 2019 at the Orinduik Block offshore Guyana. The company plans to provide further information on plans and timing...
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CGX says US$21.8M already spent on Berbice Deepwater Port; pushing for 2023 completion

OilNOW -
CGX Energy Inc. has expended some US$21.8 million to complete a substantial portion of its massive Berbice Deepwater Port, the company said in a recent status update. Thus far, CGX has completed 40,000 square meters quayside laydown yard, the rip rap flood protection for the Port...
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Baker Hughes backlog hits record US$32.1 billion as LNG, offshore orders surge

Baker Hughes has reported a record $32.1 billion backlog in the third quarter of 2025, driven by strong orders...

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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