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Venezuela’s Opposition proposes overhaul of energy sector to entice international oil companies

OilNOW -
Venezuela's opposition has drafted a proposal to reform the country’s energy sector, aiming to attract international oil companies and increase pressure on President Nicolás Maduro, Reuters reported this week. The reform plan aims to gain support from U.S. oil...
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Noble secures Jackup contract for offshore Suriname drilling

OilNOW -
Noble Corp. has signed a new contract for its Noble Regina Allen jackup rig with an undisclosed operator offshore Suriname. The drilling contractor announced the deal on March 5 via LinkedIn. The contract covers one well with an estimated duration...
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Guyana and Lindsayca/CH4 to arbitrate GtE contract dispute 

OilNOW -
The Government of Guyana (GoG) and Lindsayca/CH4 (LNDCH4) in a statement today said it will proceed to arbitration over the dispute under their engineering, procurement, and construction (EPC) contract for the Gas-to-Energy project.  The Dispute Avoidance and Adjudication Board (DAAB)...
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Lessons from TT: Heritage Petroleum CEO on risk management, cost control in oil industry

OilNOW -
A robust risk management framework is crucial in the oil and gas industry, especially given the volatile global oil markets and potential geopolitical impacts, according to Heritage Petroleum’s Eric Kuskula. Kuskula - CEO of Trinidad and Tobago’s newest state-owned oil...
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EnerMech secures pre-commissioning contract for ONE GUYANA FPSO

OilNOW -
EnerMech has been selected by SBM Offshore to perform pre-commissioning work on the ONE GUYANA floating production, storage and offloading (FPSO) vessel. The FPSO will arrive in Guyana this year. EnerMech said it executed pre-commissioning work for all three FPSOs...
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100% of scaffolding, transportation, immigration support services being provided by Guyanese to oil sector 

Shikema Dey -
Local businesses in Guyana are now providing 100% of several key services to the oil and gas sector, showing advancements in local content development. Dr. Martin Pertab, Director of Guyana’s Local Content Secretariat outlined these achievements at the recently...
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Noble reports strong Q4 2024 performance, expands backlog with new contracts

OilNOW -
Noble Corporation reported a strong fourth quarter of 2024, bolstered by the full incorporation of its Diamond Offshore acquisition.  Noble’s contract drilling services revenue for Q4 2024 totaled US$882 million, up from US$764 million in Q3. The increase was driven...
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Europe took 75% of Guyana’s oil cargoes in January 

Kemol King -
Tankers taking off crude from ExxonMobil’s Stabroek Block went mostly to Europe in January.  According to Guyana’s Maritime Administration Department (MARAD), 20 lifts—each consisting approximately a million barrels— were taken off in January. Fifteen of them went to Europe, based...
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Guyana’s president urges Suriname to ‘act early’ in preparation for impending oil boom

OilNOW -
As Suriname prepares for its first deepwater development, Guyana’s President, Dr. Irfaan Ali, urged that country's government and private sector to “act early” in laying the foundation for its long-term economic transformation.  Addressing a recent conference in Suriname, Ali said...
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Guyana aiming to welcome more oil players as country on verge of becoming one of the region’s biggest producers

OilNOW -
The impending entry of more major oil companies into Guyana’s oil basin has been met with enthusiasm, with Natural Resources Minister Vickram Bharrat deeming it a welcome development for the nation’s growing energy industry. “The talks between Total, Qatar and...
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SBM sponsors international trips, science equipment for winners of Guyana mousetrap competition

SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving...

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