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Twenty Guyanese cadets awarded Noble Marine scholarships

OilNOW -
Noble Drilling has awarded scholarships to 20 outstanding marine cadets as part of its Noble Marine Scholarship Program. The company shared this announcement on LinkedIn on March 21.  The initiative, conducted in collaboration with MatPal Marine Institute and El Dorado...
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Stena Carron earns DNV Abate(P) Notation for emissions reduction

OilNOW -
Stena Carron has become the second Stena Drilling drillship to receive DNV’s Abate(P) notation, following its sister vessel, Stena DrillMAX. The notation recognizes efforts to reduce greenhouse gas emissions through technical and operational measures. The DNV Abate(P) notation is a...
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Petrobras discovers hydrocarbons in Santos Basin’s Aram Block offshore Brazil 

OilNOW -
Petrobras has identified hydrocarbons in the pre-salt Santos Basin at an exploratory well in the Aram block. The discovery was made at well 4-BRSA-1395-SPS, located 245 km off the coast of Santos, São Paulo, at a water depth of...
News

Meet Kathy Smith: The first woman to lead GCCI and her trailblazing journey

Shikema Dey -
Kathy Smith, the first woman elected President of the Georgetown Chamber of Commerce and Industry (GCCI), embodies resilience, determination, and a commitment to uplifting others. Her election reflects not only her inspiring journey but also the Chamber's dedication to...
News

Exxon hires New Wave to conduct marine warranty survey for Whiptail project 

OilNOW -
New Wave Offshore Energy has been selected as the marine warranty surveyor for ExxonMobil Guyana’s Whiptail development, a US$12.7 billion offshore oil project in the Stabroek Block, the company said on the weekend. Under the contract, New Wave Offshore will...
Energy Insights

Decision by Guyana’s High Court recognising a foreign arbitration award against Venezuela augurs well for Guyana’s reputation as an arbitration hub

Chevy Devonish -
In 2024, Guyana’s High Court registered/recognised two foreign awards in court actions brought by ConocoPhillips Gulf of Paria against Venezuela. The company seeks access to money that Guyana owes Venezuela to satisfy a foreign arbitral award.  The application was heard...
News

An inside look at the complex nature of moving a drillship 

OilNOW -
Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who provided insight into this complex process. “When I first joined Stena Drilling, it was made very clear to me that we...
News

SLB expands presence in Suriname with new office

OilNOW -
SLB has strengthened its presence in Suriname with the opening of a new office in Paramaribo, reinforcing its commitment to the country’s energy development. The opening event was attended by senior representatives from Staatsolie Maatschappij Suriname, including Director Downstream...
Energy Insights

The Laws underpinning Guyana’s Maritime Zones: Why Venezuela’s actions violate international and Guyana’s national laws 

Chevy Devonish -
On March 1, 2025, a Venezuelan navy vessel entered Guyana’s exclusive economic zone (EEZ). It approached several assets, including the Prosperity floating production, storage and offloading vessel (FPSO) owned by ExxonMobil Guyana Limited.  Prosperity is one of several FPSOs operated...
News

Suriname’s upstream sector poised for US$9.5 billion investment – Rystad Energy  

OilNOW -
Capital investment in Suriname’s upstream oil and gas sector is set to grow significantly, with spending projected to reach US$9.5 billion between 2024 and 2027, according to Rystad Energy. This surge is driven by the TotalEnergies-operated GranMorgu project and new...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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