Showing results for:

News

bp secures NCMA 2 Block offshore Trinidad

OilNOW -
bp has been awarded the NCMA 2 block off Trinidad’s north coast during the Shallow Water 2023/24 bid round, which closed in May 2024. This will be a new exploration area for bp in Trinidad and Tobago, as its...
News

Suriname Awareness Symposium for Jan. 2025 as country gears for first offshore oil development

OilNOW -
Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.  On a rainy...
News

SBM Offshore, Technip Energies to deliver ‘all-electric drive’ FPSO for Suriname’s first deepwater development

OilNOW -
SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development project in TotalEnergies’ Block 58. Under these contracts, the duo will construct and install an all-electric drive floating production, storage and...
News

As low-carbon investments overtake oil and gas, Guyana determined not to have stranded assets

OilNOW -
As global energy investments increasingly favor low-carbon and renewable projects over fossil fuels, Vice President Bharrat Jagdeo is steadfast in his view that Guyana must avoid the risk of stranded oil assets. With substantial offshore oil discoveries providing a...
News

‘Thousands of people in hundreds of organizations’ complete SBM Offshore’s FPSO Alexandre de Gusmão

OilNOW -
The Floating Production Storage and Offloading vessel Alexandre de Gusmão, which incorporates SBM Offshore’s Fast4Ward® new build, multi-purpose hull design, has been completed. The company recently announced the naming ceremony of the vessel, which took place at the COSCO...
News

NGC can lend expertise to Guyana, Suriname for gas projects – Chairman

OilNOW -
The National Gas Company (NGC) of Trinidad and Tobago wants to be a partner for emerging natural gas producers in the region, especially in Guyana and Suriname. With global energy shifting towards lower-carbon fuels like natural gas, which is...
News

Primera to drill three wells at Rio Claro license Block onshore Trinidad

OilNOW -
Primera Oil and Gas Limited, a subsidiary of Touchstone Exploration Inc., has formally commenced the Rio Claro license, it said on November 5.  The six-year license includes a financial obligation of US$2.4 million, which covers the execution of five geological...
News

Norway subsea firm enters agreement with Suriname oil & gas regulator

OilNOW -
Norway-based subsea service provider, Argeo, has entered into an eight-year agreement for acquisition, processing and sales of multi-client data in Suriname with state oil firm, Staatsolie. The execution of the agreement will be performed in several phases over the contract...
News

SBM Offshore welcomes Almirante Tamandaré: Brazil’s Largest FPSO

OilNOW -
SBM Offshore has officially welcomed the FPSO Almirante Tamandaré into its fleet.  This vessel is now the largest floating production storage and offloading unit operating in Brazilian waters, SBM Offshore announced via LinkedIn.  Guyana, Brazil lead FPSO market growth, investment rises...
News

Excel Guyana targets workforce development to meet oil & gas demands, sets sights on new manpower division

OilNOW -
Excel Guyana Inc. is expanding its workforce solutions to bridge critical skills gaps in Guyana’s oil and gas industry, preparing to launch a new manpower and crew management division tailored to the sector’s onshore and offshore needs. With demand...
1...131415...360Page 14 of 360

Latest News

NewsOilNOW -

Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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