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Guyana’s local content app to be launched on Friday at major SBM Offshore supplier event 

OilNOW -
Guyana’s Local Content Secretariat (LCS) will launch its App on Friday, Feb 21, at SBM Offshore Guyana's Let's Talk Local Content forum. The event will cap off an exciting week of engagement on oil and gas activities at the...
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About 500 million boe in Suirname’s Block 52 – Rystad Energy 

OilNOW -
Rystad Energy estimates that Suriname’s Block 52 holds an estimated 500 million equivalent barrels of oil equivalent resources, according to a new report.  Petronas holds 100% of the working interest in Block 52 after its partner, ExxonMobil pulled out last...
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SBM Offshore to study carbon capture solutions for Petrobras FPSOs

OilNOW -
SBM Offshore has secured a contract to study carbon capture solutions for Petrobras' future floating production, storage, and offloading (FPSO) units. The study will evaluate the design and commercial feasibility of various carbon capture system configurations for FPSOs operating...
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2025 is busiest year for Exxon’s SURF installation offshore Guyana 

OilNOW -
ExxonMobil Guyana is embarking on its most intensive year yet for subsea umbilicals, risers, and flowlines (SURF) installation, according to company President Alistair Routledge. The work will connect subsea wellheads to the new floating production storage and offloading (FPSO)...
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Trinidad hopeful new exploration will uncover nearly 60 tcf of gas

Shikema Dey -
Trinidad and Tobago is optimistic about new exploration efforts that could unlock nearly 60 trillion cubic feet (tcf) of natural gas.  “Exploration resources stand at 58.84 tcf and offer much promise for the exploration to be undertaken by successful companies...
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Chevron to cut up to 20% of global workforce amid expansion, legal hurdles

OilNOW -
Aiming to cut costs and streamline operations amid expansion efforts and a legal dispute, Chevron plans to reduce its global workforce by 15% to 20% by the end of 2026.  The legal dispute involves ExxonMobil over the acquisition of the...
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Eight Guyanese form first cohort of MODEC’s trainee program in Guyana

OilNOW -
Eight Guyanese have been selected for the inaugural cohort of MODEC's newly launched trainee program in Guyana, designed to offer global training, hands-on experience, and career development. A commencement ceremony was held on February 13 at the Centre for Local...
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Invest in the Staatsolie-Bonds 2025-2033. Here’s how 

OilNOW -
Staatsolie Maatschappij Suriname N.V. has issued new bonds aimed at raising at least US$250 million and €50 million to fund its involvement in the development of the GranMorgu offshore oil field. De Surinaamsche Bank (DSB) is the lead arranger...
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UWI Law Dean warns against insufficient local content laws

OilNOW -
Dr. Alicia Roberts, Dean of the Faculty of Law at the University of the West Indies St. Augustine, cautions that poorly formed local content laws or policies can create major inefficiencies and delays in the oil and gas sector.  At...
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Gas-to-Energy power plant to start operations by November 1 – Prime Minister

OilNOW -
Guyana's highly anticipated 300 megawatts (MW) Gas-to-Energy power plant will start operations on November 1. During a recent parliamentary hearing, Prime Minister Mark Phillips said, “the first of November, the simple cycle will be on stream for the Gas-to-Energy...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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