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Ruling issued on Gas-to-Energy project dispute

OilNOW -
A ruling has been issued in the dispute between the Government of Guyana and Gas-to-Energy contractor, Lindsayca/CH4. The matter was referred to the Dispute Avoidance and Adjudication Board (DAAB) on September 19, 2024. In a statement on Monday, the Office...
News

TGS and Petrobras launch advanced imaging centers for Brazil’s offshore oil basins

OilNOW -
TGS, a global leader in energy data and intelligence, has launched advanced imaging centers in collaboration with Petrobras, Brazil’s state energy giant, to enhance Ocean Bottom Node (OBN) and 4D imaging capabilities for the Campos and Santos basins. The centers,...
News

Guyana gov’t allocates US$245 million to complete Gas-to-Energy project

OilNOW -
The Guyana government allocated US$245 million (GY$51 billion) for the Gas-to-Energy project in its 2025 budget. The landmark project will use offshore natural gas for power generation, reducing emissions and giving the government the fiscal space to slash consumer...
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Offshore EPC contract awards projected to reach US$54 billion in 2025 amid challenges

OilNOW -
The offshore oil and gas industry is expected to see a slight 1% year-on-year growth in engineering, procurement, and construction (EPC) contract awards in 2025, reaching US$54 billion, according to Westwood Global Insights.  This increase is supported by 53 field...
News

SBM Offshore seeks local suppliers for coverall production

OilNOW -
Guyana Deep Water Operations Incorporated (GDO), the local affiliate of SBM Offshore, has issued a Request for Information (RFI) to identify Guyanese manufacturers capable of supplying construction-grade coveralls. The company aims to engage local suppliers to meet its operational needs...
Stories Beyond the Barrel

From hockey to health and safety: Michael Harding’s path to offshore success

OilNOW -
Michael Harding, Assistant Safety Officer aboard the Prosperity floating, production, storage, and offloading vessel (FPSO), offers a unique perspective on the oil and gas industry. “The great part about safety is that you're working with every department,” he explained...
News

MODEC Guyana seeks contractor for gas detector supply and maintenance on Errea Wittu FPSO

OilNOW -
MODEC Guyana is soliciting proposals for the supply, servicing, and calibration of portable gas detectors to support operations on the UARU Floating Production Storage and Offloading (FPSO) unit.  MODEC said it aims to enhance safety and operational risk management for...
News

Brazil enacts law enabling flexible local content policies in oil and gas

OilNOW -
The Brazilian government has enacted Law 15,075/2024, introducing significant changes to the regulation of local content and production sharing agreements in the oil and gas sector. Effective December 26, 2024, the law aims to boost investments and optimize the...
Stories Beyond the Barrel

From Sandvoort to offshore success: The inspirational journey of Denzil Southwell

OilNOW -
Denzil Southwell, a young Guyanese man from Sandvoort Village, Berbice, has quickly risen through the ranks in the offshore oil and gas industry, serving as Assistant Oxide Driller with Noble Drilling. Just three years ago, Denzil saw a job...
News

A look back at 2024 milestones in Guyana’s oil and gas industry 

OilNOW -
The year 2024 marked pivotal advancements in Guyana's oil and gas sector, cementing the country's position as a key player in the global energy market. Here’s a look at the stories that made waves this year, highlighting the industry's...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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