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Trump killed Chevron’s Venezuela oil deal. Is Dragon gas next? 

OilNOW -
President Donald Trump has cut off the Biden-era financial lifeline to Venezuela by revoking Chevron’s oil export deal. Now, questions loom over the Dragon gas project between Trinidad and Tobago and Venezuela—could it be next?  Trump, via his Truth Social...
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100% of scaffolding, transportation, immigration support services being provided by Guyanese to oil sector 

Shikema Dey -
Local businesses in Guyana are now providing 100% of several key services to the oil and gas sector, showing advancements in local content development. Dr. Martin Pertab, Director of Guyana’s Local Content Secretariat outlined these achievements at the recently...
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Suriname’s first offshore project advances as TotalEnergies receives FPSO hull

OilNOW -
The Multipurpose Floater C (MPF C) Fast4Ward hull reserved by SBM Offshore for Suriname’s GranMorgu offshore development has been delivered, TotalEnergies announced. The hull was reserved in June last year. It was fabricated by China Merchants Heavy Industry (CMHI). “We...
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Saipem closed 2024 with €14.55 billion in revenue, eyes growth in 2025

OilNOW -
Saipem closed 2024 with strong financial results, reporting €14.55 billion in revenue, up from €11.87 billion in 2023. Fourth-quarter revenue reached €4.42 billion, a 26% increase year-over-year. The company said its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)...
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Exxon’s Longtail FPSO will substitute water injection capacity with more gas – Routledge

Shikema Dey -
ExxonMobil’s planned Longtail floating production storage and offloading (FPSO) unit will have a significantly unique design from earlier Guyana developments, with increased gas compression and no water injection. Alistair Routledge, President of ExxonMobil Guyana, told OilNOW in an exclusive interview...
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10 exploration wells to be drilled offshore Suriname by 2026

OilNOW -
10 wells will be drilled offshore Suriname in 2025-2026, Rystad Energy forecasted in a February 2025 release.   The Norway-based energy intelligence firm said the focus on Guyana’s eastern neighbor is growing, as more operators look to explore and develop resources...
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Bacalhau FPSO arrives in Brazil, prepares for commissioning

OilNOW -
The Bacalhau floating production storage and offloading (FPSO) unit has arrived at its final destination in the Santos Basin offshore Brazil, where it will operate at Equinor’s field. The 370-meter-long vessel, built by Japanese firm MODEC, completed a two-month...
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Shearwater GeoServices to conduct 4D survey offshore Guyana for ExxonMobil

OilNOW -
ExxonMobil has awarded Norwegian seismic company Shearwater GeoServices a contract to conduct a six-month 4D ocean bottom node survey offshore Guyana. The survey, set to begin in the first half of 2025, will use Shearwater’s seismic vessel as a...
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CGX accuses Guyana of contradicting itself on Corentyne license, claims agreement is ‘valid and in force’

OilNOW -
CGX Energy and its joint venture partner Frontera Energy have contested the Guyana government’s move to terminate their license for the Corentyne Block. CGX in a release on Monday argued that the agreement remains “valid and in force.”  The partners,...
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Suppliers scope out potential opportunities at SBM Offshore’s Let’s Talk Local Content Forum 

OilNOW -
Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as the company outlined potential opportunities at its Let’s Talk Local Content Forum.  The event capped a week of oil and gas...
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Guyana and Suriname leaders advance talks on trade, energy, and connectivity at high-level meeting

Joint Statement - Meeting Between Jennifer Geerlings- Simons, President of the Republic of Suriname and Dr. Mohamed Irfaan Ali,...

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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