Showing results for:

News

Suriname’s first standalone gas project a possibility with promising finds at Block 52 

OilNOW -
Block 52 off the coast of Suriname is showing some promise with discoveries made by Malayasian operator, Petronas. So much so that the company is mulling what could be Suriname’s first standalone gas development.  Petronas already hinted at a floating...
News

With or without U.S. Exim Bank loan, Guyana’s gas project to go ahead 

OilNOW -
If there is one thing the government is sure of, it’s the successful execution of Guyana’s Gas-to-Energy project, with or without the loan it requested from the U.S. Exim Bank.  The delays in its approval have caused some uncertainty.  But according...
News

Exxon probing target at gas field off Guyana coast  

OilNOW -
ExxonMobil is continuing drilling activities at the Haimara-4 wellsite, located approximately 125.4 nautical miles (232.1 kilometers) off the Coast of Guyana, covering an area of 0.29 square nautical miles (1 square kilometer). This is according to a notice from the Maritime...
News

ODITC advances Guyanese search and rescue training for offshore safety

OilNOW -
ODITC the collaborative venture of 3t EnerMech, Orinduik Development Incorporated, and Windsor Technologies plays a crucial role in enhancing the search and rescue (SAR) capabilities of Guyanese personnel in the offshore industry. The company supports the OMNI SAR training...
News

Longtail could be Exxon’s 8th development offshore Guyana

OilNOW -
Guyana’s next Stabroek Block development could potentially be ExxonMobil’s Longtail discovery, Vickram Bharrat, the country’s Minister of Natural Resources said. “They are already moving ahead with Hammerhead, and we have heard talks that Longtail will come after that,” he said. The...
News

ONE GUYANA FPSO 75% complete, topsides modules successfully installed – SBM Offshore 

OilNOW -
Construction of the ONE GUYANA floating, production, storage and offloading vessel (FPSO) is about 75% complete, according to new updates from SBM Offshore.  The company, in its Half Year report for 2024, said the topside modules lifting campaign has been...
News

MODEC launches internship, trainee programs for aspiring oil and gas professionals

OilNOW -
MODEC is offering two exclusive opportunities for final-year students, recent graduates, and young professionals eager to break into Guyana’s oil and gas industry. For final-year students, MODEC presents a 1-year paid internship program.  It said this opportunity allows three interns to...
News

Having one of the highest corporate income tax rates in the world among barriers to Suriname’s first offshore oil development – risk expert

OilNOW -
As Suriname awaits a final investment decision (FID) from TotalEnergies on the country’s first-ever oil development, an expert on risk says the fiscal part of this story has impeded the process.  Ford Tanner, Associate Director with the Exploration and Production...
News

Petrobras advances natural gas exploration in Colombia with Uchuva-2 well

OilNOW -
Petrobras has reached a key milestone with the Uchuva-2 well, confirming the natural gas discovery initially made in 2022 with Uchuva-1.  Located 31 km offshore Colombia at a water depth of 804 meters, Uchuva-2 was spudded on June 19 and...
News

Guyana, Suriname key players in global oil and gas development 

OilNOW -
Guyana and Suriname are becoming pivotal areas for oil and gas development, with the potential to significantly influence global energy dynamics, according to Patrick Jelinek, EY Americas Oil and Gas Leader. Jelinek notes that Guyana's nascent energy sector offers both...
1...161718...361Page 17 of 361

Latest News

NewsOilNOW -

Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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