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Unlocking potential of Suriname’s 30 billion boe could be transformational – Legal Advisor

OilNOW -
The most striking news to emerge from Suriname’s recently concluded Energy, Oil and Gas Summit (SEOGS) 2022 was uttered by the Vice President of Offshore at Staatsolie, Glenn Corrie – that 30 billion barrels of oil equivalent awaits discovery in the South American nation’s...
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Saudis say OPEC+ is effective, as Biden leaves region without oil deal

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(S&P Global Platts) Saudi officials said on July 16 that the country's oil production policies are implemented within the OPEC+ group as US President Joe Biden ended his four-day trip to the Middle East without a pledge for higher...
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Eight vessels cleared for landmark Port of Vreed-en-Hoop project

OilNOW -
NRG Holdings Inc. now has a total of eight vessels in operation in the Demerara River to support dredging activities for the massive Port of Vreed-en-Hoop project at the Plantation Best foreshore on the West Bank of Demerara. Port of...
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Guyana forging ahead with capacity building for electric vehicle industry

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The Guyana Energy Agency (GEA) has taken steps to build the capacity to repair and maintain electric vehicles as the country continues to pursue low carbon development opportunities. To this end, the GEA hosted an Electric Vehicle Maintenance and...
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EIA lowers 2022 oil price outlook by more than $3/b

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(S&P Global Platts) Builds in global oil inventories seen for the first time in two years have helped to ease crude oil prices, the US Energy Information Administration said on July 12 as it lowered its 2022 oil price...
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Tiling, related material being sought for Exxon’s new HQ in Guyana

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Nabi/KCL Oilfield Construction Services is looking for suppliers of tiling and related material for ExxonMobil’s new headquarters in Guyana. An Expression of Interest (EOI) has been published for the supply and installation of ceramic and porcelain tiling (walls and floors),...
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Guyana is world-class leader in fast-tracking oil resources – T&T Energy Chamber Head

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The record pace at which Guyana is developing its oil and gas resources has been lauded by the President and Chief Executive Officer (CEO) of the Energy Chamber of Trinidad and Tobago, Dr. Dax Driver. And with the world’s...
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Argentina positioning for global gas supplier role

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(S&P Global Platts) Argentina's natural gas producers are setting their sights on exporting supplies to the world market as a project gets underway to build a new pipeline that will allow them to boost production from the Vaca Muerta...
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Enermech nets US$128M in Africa, Middle East, Caspian contracts

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Enermech announced Wednesday that it was able to net several operating expenditure (OPEX) and capital expense (CAPEX) contracts totaling US$128 million for work in African, Middle Eastern and Caspian locations. Eight key clients awarded 11 core competency projects, across a...
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Tullow to merge with Capricorn to form leading African energy company

OilNOW -
Tullow Oil and Capricorn Energy have proposed to merge to form a leading energy company in Africa. Chief Executive Officer of Tullow Oil, Rahul Dhir said in a July operational update that the company is preparing a circular and prospectus...
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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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