Showing results for:

News

WoodMac estimates 4.6 billion barrels discovered offshore Suriname 

OilNOW -
Consultancy Group, Wood Mackenzie puts Suriname’s oil resource count at more than 2.4 billion barrels and its natural gas resources at 12.5 trillion cubic feet (tcf).  Based on WoodMac’s numbers, assuming one trillion cubic feet of gas equals 176 million...
Discoveries

Petronas, ExxonMobil make third Block 52 discovery offshore Suriname 

OilNOW -
Petronas has added to Suriname’s oil bounty with a new discovery in Block 52 at the Fusaea-1 exploration well.  The prospect is located about 170 kilometers offshore and nine kilometers east of Roystonea-1, the company said today.  “The favorable results attained...
News

SBM Offshore looking for Guyanese companies to fabricate steel for Jaguar FPSO

OilNOW -
SBM Offshore is seeking to hire Guyanese fabricators once again to support the construction of a floating production, storage and offloading (FPSO) vessel for another ExxonMobil development at the Stabroek Block. Guyana Deep Water Operations Incorporated, an affiliate of SBM...
News

Noble Voyager has moved on to the Sloanea-2 well offshore Suriname

OilNOW -
The Noble Voyager drillship has commenced drilling at the Sloanea-2 well at Block 52, Staatsolie told OilNOW. This follows the completion of drilling operations at the Fusaea-1 well.  Petronas has opted to extend its contract with Noble Corporation for the Voyager...
News

Exxon won’t recover investment in Guyana pipeline until first gas – Routledge

OilNOW -
Guyana’s repayment for the US$1 billion invested in the Gas-to-Energy project does not start until it is commissioned. ExxonMobil Guyana President, Alistair Routledge, made this point during an April 30 press briefing. Reports in a section of the media had...
News

Gas-to-Energy: 375 billion cubic feet of gas committed for sale – Hess

OilNOW -
In a filing with the U.S. Securities and Exchange Commission, Hess Corporation said 375 billion cubic feet of natural gas is estimated to be subject to sales commitments under the Gas-to-Energy project in Guyana.  The Guyana government will utilize the...
News

TotalEnergies moves to complete acquisition of Malaysia-based upstream gas operator

OilNOW -
TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV), the energy major said.  The deal is valued at US$530 million, subject...
News

Petrobras plans US$73 billion investment to boost Brazilian naval and offshore industries

OilNOW -
Petrobras, Brazil's state-controlled oil company, has unveiled plans for investments exceeding US$70 billion in exploration and production activities. These investments aim to not only bolster the country's energy sector but to create significant opportunities for the domestic naval and...
News

European geo-consultants team up with Staatsolie for oil seep study offshore Suriname

OilNOW -
The UK-based geo-consultancy firm GeoPartners Ltd struck a deal with Suriname’s state oil company Staatsolie and TROIS Geoconsulting from the Netherlands for a multi-client geochemical piston core project.  GeoPartners via a LinkedIn announcement said the venture aims to deliver oil...
News

Guyana’s Denzel Southwell makes history as nation’s first local offshore driller – El Dorado Offshore 

OilNOW -
See release from El Dorado Offshore Inc.: Denzel Southwell's journey is one that defies expectations. Hailing from the small village of Sandvoort in Berbice, Guyana, this 27-year-old has shattered glass ceilings to become the first Guyanese Auxillary Assistant Driller...
1...222324...367Page 23 of 367

Latest News

NewsOilNOW -

Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

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