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Local firm among 5 vying to audit Exxon’s costs

OilNOW -
A lone Guyanese registered auditing firm was among the list of several international companies that submitted proposals to conduct consultancy services for cost recovery audit and validation of Guyana’s profit oil share for the period January 2018 to December...
News

Gas-to-energy project: Guyanese will be at forefront of construction, operation

OilNOW -
ExxonMobil will be hiring Guyanese to work on the construction of the gas-to-energy project which is expected to take off next year once the relevant approvals are granted by the Environmental Protection Agency (EPA) and Guyana government. The company has...
News

Industry’s largest subsea fiber optic sensing project being developed for Payara

OilNOW -
A state-of-the-art Subsea Fiber Optic Solution technology which ExxonMobil has selected for its third major deepwater project offshore Guyana is the largest the industry has seen to date. This is according to TechnipFMC, who along with Halliburton, introduced the...
News

Pemex struggling to meet own goals as private companies hit production record

OilNOW -
(S&P Global Platts)  Crude production by private operators in Mexico reached a new record in June as state oil company Pemex struggles to stop the decline of its own output, official data shows. Independent exploration and production companies increased their...
News

75% cost recovery provides opportunity for local suppliers to maximise benefits – Indar

OilNOW -
Guyana’s Minister within the Ministry of Public Works, Deodat Indar, said on Thursday the 75% cost recovery ceiling for operations at the Stabroek Block provides local suppliers with an opportunity to maximise benefits from the rapidly expanding exploration and...
News

Profitability for Guyana, Exxon is affected when production is lowered, company making ‘genuine efforts’ to address flaring – Bharrat

OilNOW -
Guyana’s Natural Resources Minister, Vickram Bharrat says he is convinced that ExxonMobil is desirous of being a good environmental steward and that the company is making “genuine efforts” to address challenges it has been facing with the gas compressor...
News

Payara project allowed Guyanese company to rehire 30% of staff that were laid off

OilNOW -
Caribbean Clothing Limited is a full-service garment manufacturer in Georgetown, Guyana. When the COVID-19 pandemic hit the South American country, and the world grappled with the economic and social effects, the company was forced to cut its workforce and...
Exploration

Winners of Suriname bid round to submit exploration work programme – Jagesar

OilNOW -
The companies that were successful in the recently concluded Suriname bid round are now to submit their exploration work programme the head of state oil company, Staatsolie Maatschappij Suriname N.V. told OilNOW. Chevron Exploration Suriname Limited and a consortium consisting of...
News

Over 26,000 tons of topsides lifted for Guyana’s 2nd FPSO

OilNOW -
The topsides lifting campaign for the Liza Unity FPSO was completed in March 2021 with over 26,000 tons of topsides lifted in position since the vessel came out of dry-dock in October of last year. Both Keppel and Dyna-Mac...
News

Oil price environment looks ‘constructive’, says Baker Hughes top executive

OilNOW -
(S&P Global Platts) Continued signs of global economic recovery from the coronavirus pandemic should prompt further demand growth for oil and natural gas, not only for second-half 2021 but for 2022, big oil services provider Baker Hughes' top executive...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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