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Guyana may enter long-term oil supply deals if there is market oversupply – VP

OilNOW -
Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply in the market.  The South American government recently reiterated its no interest in an offer from India to buy its crude...
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Guyana and Oil – Lessons from Kazakhstan?

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By Greg Quinn - OilNOW I’ve served as a British diplomat in both Guyana and Kazakhstan. There are some interesting lessons to be learnt from comparing and contrasting both countries. There does not seem to be a natural connection but they...
News

Guyana oil production hits half-billion-barrel mark

OilNOW -
ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output was derived from three Stabroek Block projects—Liza 1, Liza 2, and Payara—in less than five years. Exxon said the three...
News

As low-carbon investments overtake oil and gas, Guyana determined not to have stranded assets

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As global energy investments increasingly favor low-carbon and renewable projects over fossil fuels, Vice President Bharrat Jagdeo is steadfast in his view that Guyana must avoid the risk of stranded oil assets. With substantial offshore oil discoveries providing a...
News

Norway subsea firm enters agreement with Suriname oil & gas regulator

OilNOW -
Norway-based subsea service provider, Argeo, has entered into an eight-year agreement for acquisition, processing and sales of multi-client data in Suriname with state oil firm, Staatsolie. The execution of the agreement will be performed in several phases over the contract...
News

Baker Hughes secures major contracts with Petrobras for flexible pipe systems in Brazil

OilNOW -
Baker Hughes has been awarded significant contracts by Petrobras to supply 77 kilometers of flexible pipe systems for Brazil’s pre-salt fields. The agreements, signed on October 15, 2024, followed an open tender and cover risers, flowlines, and services across...
News

Libra Consortium announces first oil at third FPSO in Brazil pre-salt

OilNOW -
Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced on Thursday the start of production of the floating production storage and offloading facility (FPSO) Marechal Duque de Caxias in the Mero field, in the pre-salt area...
News

Excel Guyana targets workforce development to meet oil & gas demands, sets sights on new manpower division

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Excel Guyana Inc. is expanding its workforce solutions to bridge critical skills gaps in Guyana’s oil and gas industry, preparing to launch a new manpower and crew management division tailored to the sector’s onshore and offshore needs. With demand...
News

ADC Energy secures multi-year rig inspection contract for TotalEnergies’ Suriname project

OilNOW -
Aberdeen-based ADC Energy has been awarded a multi-year contract to assist with the selection and acceptance of up to three offshore drilling rigs for TotalEnergies’ GranMorgu development in Suriname’s Block 58. This project follows a final investment decision (FID)...
News

OneSubsea secures major contract for Petrobras’ Roncador project in Brazil

OilNOW -
SLB’s OneSubsea™ joint venture has secured a significant contract from Petrobras for the Roncador project, located offshore Brazil.  This contract follows a competitive tender process and focuses on expanding the Roncador field in the Campos Basin. SLB OneSubsea and TotalEnergies partner...
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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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