News

News

SEOGS 2025 moves to accommodate growing participation

OilNOW -
PARAMARIBO, SURINAME - Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the most significant energy events in the Caribbean and South American region.  What began as a relatively contained forum...
News

Lukanani-2 drilling underway as Exxon deepens oil search

OilNOW -
ExxonMobil has commenced drilling operations at the Lukanani-2 well site in the Stabroek Block, another step in its continued exploration campaign offshore Guyana. According to a notice from the Maritime Administration Department (MARAD), drilling commenced on June 11 and will...
News

High-impact drilling delivered 5.3 billion barrels in 2024 – Westwood

OilNOW -
High-impact exploration drilling yielded 5.3 billion barrels of oil equivalent (boe) in potentially commercial resources in 2024, according to Westwood Global Energy Group’s State of Exploration 2025 report.  The firm’s lead analyst Andrew Jackson said during a webinar on Wednesday...
News

OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

OilNOW -
OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the country’s growing oil and gas industry. This is regarded as a significant enhancement of Guyana’s subsea capabilities in the local...
News

SBM Offshore advanced global recruitment in 2024, expanded training programs in Guyana

OilNOW -
SBM Offshore recruited 1,274 new staff in 2024, with the majority based in Brazil, India, and Guyana. “New joiners are successfully prepared for their jobs through intensive local onboarding,” the company stated in its 2024 annual report. Leadership training was...
News

Westwood expects Petronas to conduct more exploration drilling offshore Suriname this year

OilNOW -
Malaysian state oil firm Petronas is expected to conduct more exploration drilling at Suriname’s offshore Block 52 this year after a key 2024 oil discovery in the area raised prospects for future development, energy consultancy Westwood Global Energy Group...
News

First steel cut completed for Suriname’s GranMorgu FPSO across three shipyards

OilNOW -
TotalEnergies has completed all three First Steel Cut ceremonies for the GranMorgu floating production, storage and offloading (FPSO) vessel. The events mark the start of the fabrication phase of the deepwater development project offshore Suriname. Ceremonies were held at three...
News

Nearly one in seven dollars of Exxon’s global profit came from Guyana in 2024

OilNOW -
ExxonMobil’s oil operations offshore Guyana earned it US$4.73 billion in profit last year. That accounted for nearly one in every seven dollars, or 14.04%, of the company’s global profit of US$33.68 billion in 2024, up from just US$0.63 billion...
News

SBM Offshore targets GHG neutrality by 2025, advances emissions tools in Guyana

OilNOW -
SBM Offshore says it is on track to become greenhouse gas (GHG) neutral from its own operations by 2025 and to use 100% renewable energy by 2030 for scope 1 and 2 emissions. The company has already achieved a...
News

MODEC, Carbon Clean sign MoU to advance FPSO-based carbon capture

OilNOW -
MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and potential deployment of onboard carbon capture systems for offshore production vessels. This is according to a recent release from MODEC.  The...
1...414243...1,032Page 42 of 1,032

Latest News

Stories Beyond the BarrelShikema Dey -

From chemistry to cargo: How Natina Singh became ExxonMobil Guyana’s first Operations and Logistics Superintendent

When Natina Singh began her academic journey in chemistry, she never imagined she would one day be managing logistics...

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.

Quick Access

Company Info

Social Networks