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Guyana Energy Dept. says oil consultant not employed by ExxonMobil

OilNOW -
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe, in a statement on Friday evening said he outrightly rejects the claims published in a section of the media, that oil consultant Dr. Michael Warner, who was hired to...
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UNDP, Guyana Dept. of Energy discuss ‘value for money’ in oil sector

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The United Nations Development Programme (UNDP) and Guyana’s Department of Energy (DE) have committed to continue working closely on matters related to the strengthening of the South American country’s oil and gas framework. DE Director Dr. Mark Bynoe received a...
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Liza Unity moving SBM’s Fast4Ward programme ‘from plan to reality’

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The award of a second FPSO contract for the Liza project in Guyana is advancing Dutch floater specialist, SBM Offshore’s Fast4WardTM programme, moving it from plan to reality, the company said on Thursday. Bruno Chabas, CEO of SBM Offshore, said the...
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EnscoRowan awarded $180M in damages against Samsung Heavy Industries

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Ensco Rowan plc (NYSE: ESV) announced on Thursday that an arbitration tribunal has awarded the company $180 million in damages in its proceedings against South Korean-based shipyard - Samsung Heavy Industries (SHI). Further, the Company will be claiming interest on...
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CNOOC seeking coordinator to lift its share of Guyana oil

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Chinese oil company CNOOC is looking for a coordinator to lift is share of oil when production gets underway at the 120,000 bpd Liza Phase 1 Development project offshore the South American country of Guyana. In a notice published in...
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Suriname stands ready to share oil and gas knowledge with Guyana

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The Dutch-speaking South American country of Suriname says it stands ready to share its knowledge in oil and gas with its English-speaking neighbour Guyana, where preparations for oil production is underway. Surinamese Ambassador to Guyana, Ebu Jones, presented his letter of...
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Tullow Oil talks up local content with Guyana business group

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A team of officials from Tullow Oil, led by CEO Paul McDade, met with members of the Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday in Guyana’s capital, Georgetown, for wide-ranging discussions ahead of the company’s 3-well drill...
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Hess tops 2019 list of best corporate citizens

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Hess Corporation has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The annual list recognizes public companies across the United States for outstanding environmental, social and governance (ESG) transparency...
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Venezuela Orinoco crude production plummets

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Crude production in Venezuela’s Orinoco belt plummeted to 169,800 b/d on Tuesday from 764,100 b/d at the beginning of April. This represents the combined crude production of Venezuela state PDVSA and its foreign partners, S&P Global Platts said in...
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Tullow plans to drill in Jamaica next year

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Tullow Oil has confirmed that it wants to drill for oil in select countries in 2020, including Jamaica. A report from the Jamaica Gleaner said that Tullow recently concluded a 3D seismic survey with promising results. “The preliminary findings of...
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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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