Showing results for:

News

Oil companies delivered 1,600+ training programs for Guyanese in 2024

OilNOW -
The Local Content Secretariat says oil companies in Guyana delivered more than 1,600 technical and non-technical programs for Guyanese in 2024, reflecting what Head of the Employment Unit Nicole Haynes described as “the continued commitment to upskilling the Guyanese...
News

Strohm delivers first 13 TCP Jumpers for ExxonMobil’s Yellowtail project

OilNOW -
Strohm has completed fabrication of the first 13 thermoplastic composite pipe (TCP) jumpers for ExxonMobil’s Yellowtail development offshore Guyana. The jumpers were produced under Strohm’s Jumper on Demand model, a first for both the region and the client. The approach...
News

Errea Wittu FPSO arrives in Singapore after successful hull sailaway from China

OilNOW -
MODEC announced the successful arrival of the Errea Wittu floating production, storage and offloading vessel (FPSO) in Singapore on June 28, 2025. The vessel's hull sailaway followed the completion of construction and commissioning works in China. In a July 14...
News

Saipem targets local content growth in logistics, fabrication for Suriname oil project

OilNOW -
PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on the second phase of the offshore GranMorgu project, according to Gianluigi Della Rossa, the company’s Country Manager for Guyana and...
News

GranMorgu project sets new offshore benchmark for Suriname

OilNOW -
PARAMARIBO, SURINAME - The GranMorgu development in Suriname’s Block 58 is “essentially double” the size of comparable offshore projects in the region, according to Gianluigi Della Rosa, Country Manager for Guyana and Suriname at Saipem.  Speaking at the Suriname Energy,...
News

Snapshot: Exxon’s first Stabroek Block tie back development tapping three oil fields 

OilNOW -
ExxonMobil’s Uaru development is the first Stabroek Block project to utilize a subsea tieback connecting three fields - Uaru, Mako, and Snoek oil fields - to a single production facility. Tiebacks, by industry definition, transport hydrocarbons from seabed wells to...
News

Exxon hires New Wave to conduct marine warranty survey for Whiptail project 

OilNOW -
New Wave Offshore Energy has been selected as the marine warranty surveyor for ExxonMobil Guyana’s Whiptail development, a US$12.7 billion offshore oil project in the Stabroek Block, the company said on the weekend. Under the contract, New Wave Offshore will...
News

Staatsolie’s Block 52 bet could be backed by Block 58 cash – WoodMac

OilNOW -
Suriname’s state oil company Staatsolie could use revenues from its participation in the US$12.2 billion Block 58 offshore oil development to help finance its expected stake in the upcoming Block 52 gas project, according to consultancy Wood Mackenzie. Staatsolie has...
News

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)...
News

Suriname must reject complacency as it prepares for first offshore oil development – Santokhi

OilNOW -
Suriname’s President Chandrikapersad Santokhi says the country must reject complacency and a culture that tolerates mistakes as it prepares for its first offshore oil development. “As a nation, we must reject the mentality that accepts mistakes and shortfalls as usual,”...
1...131415...19Page 14 of 19

Latest News

OpinionsOilNOW -

Letter-to-the-Editor: Strengthening Guyana’s oil spill response is a win for both the environment and the economy 

Dear Editor, The recent completion of the Oil Spill Response & Shoreline Cleanup Assessment Techniques Course and Incident Command System...

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