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Guyanese & TT JV construction company secures contract for ExxonMobil new Ogle HQ

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Nabi/KCL Oilfield Construction Services Guyana has secured the contract for the construction of ExxonMobil affiliate Esso Exploration and Production (Guyana) Limited’s new head office located at Ogle, East Coast Demerara. Nabi/KCL Oilfield Construction Services said in a statement on Thursday...
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Upstream: SBM set to firm up third Fast4Ward order

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SBM Offshore is set to sign a commercial contract with Chinese yard China Merchant Heavy Industry (CMHI) this weekend to build the hull of a floating production, storage and offloading vessel under the Dutch floater specialist’s Fast4Ward design, Upstream...
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O&G expected to fuel rapid demand for urban infrastructure services – Guyana developing plan

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Authorities in Guyana are paying close attention to the demands that the emerging oil and gas industry will create for urban infrastructure services and are moving to develop a plan of action with the support of the Inter-American Development...
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Dual citizenship rule could deprive Guyana of human resources needed to develop oil and gas, other industries – Trotman

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With Guyana poised to become a major oil and gas producer in the region, Leader of the Alliance for Change (AFC) and Minister of Natural Resources, Raphael Trotman, says amendments to 155 (1) (a) of the Constitution of Guyana...
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Russia military presence in Venezuela a threat to Guyana’s security, development of offshore resources – Persaud

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Guyana’s former Minister of Natural Resources and the Environment Robert Persaud says Russia has no business meddling with Venezuela’s march to a liberal democracy and called for the Government of Guyana to be clear on its stance on the...
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Staatsolie begins near-shore drill campaign in Suriname

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Suriname state oil company Staatsolie began a near-shore drill campaign on Tuesday with the West Castor drilling platform. Waterkant reports that this involves drilling, where Marai is the first well off the Surinamese coast. A test drilling of the American Apache...
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Country with largest oil reserves now forced to ration electricity

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The South American country of Venezuela, which holds the world’s largest oil reserves, is low on energy, with widespread blackouts and new plans to ration electricity. Venezuelan President Nicolás Maduro announced on Sunday that his country will ration electricity, a...
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Exxon mulls sale of Nigerian O&G fields as company focuses on Guyana, Permian

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US oil major ExxonMobil is weighing the sale of a suite of oil and gas fields in Nigeria for up to $3 billion as the company focuses on Guyana’s Stabroek Block and investments in the US Permian Basin, Reuters...
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Saudi Aramco’s 2018 profit = Apple + Google + ExxonMobil

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Saudi Aramco was the world’s most profitable company in 2018, according to an extract of the oil producer’s accounts published by Moody’s Investors Service, Bloomberg reports. The company, Bloomberg said, is preparing to raise debt in part to pay for the acquisition...
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Better packaging, labeling emerge at UncappeD Marketplace

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- ExxonMobil Guyana says support for small enterprise will continue  The third edition of the Guyana Manufacturing and Services Association’s (GMSA) UncappeD Marketplace – an event being held to promote agro-processors in Guyana - saw significant improvements being made in...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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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