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Schlumberger, Halliburton, Baker Hughes among major companies moving services to Guyana – Exxon

OilNOW -
A growing number of companies operating in Guyana’s oil and gas industry are moving more of their supply operations from Trinidad and Tobago and other locations to the South American country, as local capacity to execute projects increase. ExxonMobil Guyana...
Exploration

Touchstone makes major discovery in Trinidad at deepest exploration well to date

OilNOW -
Touchstone Exploration Inc. announced on Friday that it has completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Royston-1 was drilled to a total...
News

Guyana oil will find its way to market one way or another – IHS Markit Analysts

OilNOW -
Despite the challenges of the COVID-19 pandemic and growing pains related to oil production in a new area, analysts say Guyana offshore activities will remain robust and continue to grow. Speaking on a podcast focusing on upstream developments offshore Guyana...
Exploration

Head of Guyanese energy chamber says Exxon moving in right direction on local content

OilNOW -
President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, said on Monday the organisation welcomes the comments made by President of ExxonMobil Guyana, Alistair Routledge, that by next year the company is moving almost all its...
Exploration

Accelerate-Her weekend bootcamp building capacity of Guyanese women entrepreneurs

OilNOW -
The first batch of Guyanese women entrepreneurs participated over the weekend in a bootcamp organised by the Centre for Local Business Development under its Accelerate-Her programme. This programme is funded by ExxonMobil Guyana and Stabroek Block co-venturers Hess and...
News

Local Content—the GCCI has the right idea

OilNOW -
By A. Bacchus – OilNOW There’s a national song that I recited weekly in school, with a chorus that has over the years been used as a motto for quite a few movements— “Can we do it? Yes, we can.” ...
News

Exxon moving almost all supply work from T&T to Guyana by 2022 – Routledge

OilNOW -
As local capacity in Guyana continues to increase, ExxonMobil says more services are being moved from Trinidad and Tobago to the South American country, where it is the operator of the Stabroek, Kaieteur and Canje Blocks. In a recent interview...
News

DP World expands investment in Suriname

OilNOW -
In line with the company’s strategic objectives in the oil and gas sector, DP World said it has made the commitment to develop a comprehensive Offshore Support Base in Suriname to provide the required highly specialized, integrated end to...
News

Crude oil prices continue to climb

OilNOW -
(S&P Global Platts) Crude oil futures continued their uptrend in midmorning Asia trade on September 16 after sharp overnight gains on a bullish supply-demand outlook. At 11 am Singapore time (0300 GMT), the ICE November Brent futures contract was up...
News

Guyanese begin overseas training to work on Prosperity FPSO

OilNOW -
Seven Graduate Engineers from SBM Offshore’s Graduate Engineering Programme arrived in the Netherlands on August 10, 2021, to begin training, in preparation to work on the Prosperity Floating Production Storage and Offloading vessel (FPSO), which is under construction in...
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Latest News

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Guyana’s political outlook steady enough to keep investors calm – Norway group

Stability, that’s the word investors want to hear, and in Guyana, they’re likely to get it. Schreiner Parker, Partner and...

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.

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