Showing results for:

News

Power China snags US$8.6 million contract for Gas-to-Energy National Control Centre 

OilNOW -
The government of Guyana signed a US$8.6 million contract with Power China to construct a building to house the National Control Centre of the Gas-to-Energy (GtE) project. At the signing, Prime Minister, Brigadier (Ret’d), Mark Phillips, fulfilling the functions of...
News

Subsea7 installs 119 kilometers of pipe ahead of schedule for Guyana’s Gas-to-Energy project

OilNOW -
Subsea7 said offshore pipelay for the Guyana Gas-to-Energy project was delivered 10-days ahead of schedule. “This was our first project in Guyana and involved the fabrication and S-Lay of 119 kilometers of rigid pipeline using Seven Borealis," said Chief Executive...
News

TotalEnergies, QatarEnergy withdraw from South African offshore blocks

OilNOW -
TotalEnergies has announced its withdrawal from two offshore oil and gas blocks in South Africa. This decision follows the exit of its partner, QatarEnergy, from one of the blocks. TotalEnergies and QatarEnergy are both withdrawing from Block 11B/12B, off South...
News

Guyana to remain carbon sink with Exxon’s Hammerhead and Gas-to-Energy projects

OilNOW -
Even with a string of massive oil developments being pursued offshore Guyana, the country will remain a net carbon sink for years to come, a study indicated.  Guyana’s Environmental Protection Agency (EPA) requested that ExxonMobil conduct an environmental impact assessment...
News

Offshore O&G sector poised for US$35 billion EPC surge this year 

OilNOW -
Westwood Global Energy Group forecasts an additional US$35 billion in offshore oil and gas (O&G) related engineering, procurement, and construction (EPC) spending for the remainder of 2024. This will be driven by approximately 125 subsea tree unit awards, 2,230...
News

GYSBI handles arrival of ‘heaviest cargo’ for Gas-to-Energy project 

OilNOW -
Last week, Guyana Shore Base Inc. (GYSBI) witnessed the arrival of 16 transformers and 244 accessories for the Gas-to-Energy (GTE) and Guyana Power and Light (GPL) Enhancement Projects, the company said.  The BBC Echo Vessel successfully berthed at the Muneshwers...
Energy Insights

The key legal instruments governing Guyana’s oil and gas industry

OilNOW -
By Chevy Devonish In the first article of this column, I indicated the intention to map and distill the entirety of the legal framework directly (specifically governs oil and gas production and related activities) and indirectly (does not directly govern...
News

ABS to classify Seatrium’s new FPSOs for Petrobras in offshore digital collaboration

OilNOW -
Seatrium has awarded the American Bureau of Shipping (ABS) a classification contract for Petrobras' newbuild floating production storage and offloading (FPSO) platforms, P-84 and P-85. Final delivery is expected by 2029. These are the first FPSOs following the ABS...
News

Guyanese seizing opportunities in the oil and gas sector: From firefighter to search and rescue rear crew

OilNOW -
The prolific oil and gas industry in Guyana has been a focal point of economic development, fueling numerous opportunities for locals to participate and thrive. One such success story is that of Kevin Sawh, a 25-year-old who recently graduated as...
News

China Merchants Heavy Industry building Fast4Ward hull for Suriname’s first offshore project 

OilNOW -
The Multipurpose Floater C (MPF C) Fast4Ward hull reserved by SBM Offshore for Suriname’s US$9 billion offshore development is being fabricated by China Merchants Heavy Industry (CMHI). TotalEnergies reserved the hull in June.  According to a July 12 Upstream Online...
1...171819...361Page 18 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