Showing results for:

News

Guyanese seizing opportunities in the oil and gas sector: From firefighter to search and rescue rear crew

OilNOW -
The prolific oil and gas industry in Guyana has been a focal point of economic development, fueling numerous opportunities for locals to participate and thrive. One such success story is that of Kevin Sawh, a 25-year-old who recently graduated as...
News

CIMC Raffles secures EPC contracts for Petrobras’ new FPSO hulls

OilNOW -
CIMC Raffles, a subsidiary of CIMC Group, has been awarded the engineering, procurement and construction (EPC) contract to supply the hulls for two new production vessels - P-84 and P-85 - by Seatrium.  These floating, production, storage and offloading vessels...
News

MODEC seeking contractors for monitoring system on 250,000 bpd Errea Wittu FPSO

OilNOW -
MODEC Guyana is requesting contractor services for the annual maintenance and certification of the Environmental and Motion Monitoring System (EMMS) on the FPSO Errea Wittu.  This vessel is expected to initially produce 250,000 barrels of oil per day (b/d), inject...
News

Guyana oil generating over US$1.5 billion a month – Exxon official 

OilNOW -
Oil production offshore Guyana is generating over US$1.5 billion a month, ExxonMobil Guyana Vice President, Philip Rietema said.  “Today, we’re producing over 600,000 barrels a day and oil produced is revenue produced, is revenue to be shared among the people...
News

As Global oil demand set to slow down Guyana aims to forge ahead with rapid production expansion

OilNOW -
A recent International Energy Agency (IEA) report revealed that global oil demand is set to decelerate as the energy transition gains momentum. However, Guyana’s oil and gas sector will continue its rapid expansion. Last year, President Irfaan Ali emphasized...
News

SLB wins contract for pioneering all-electric subsea project in Norway

OilNOW -
SLB has secured a contract from Equinor for the front-end engineering design (FEED) of a 12-well, all-electric Subsea Production Systems (SPS) project in the Fram Sør field, offshore Norway. The project aims to fast-track the global adoption of electric...
News

Guyana might have to abandon talks with some oil block awardees – Jagdeo

OilNOW -
Some of the groups Guyana identified as awardees after the country’s first offshore auction, may not end up receiving the blocks.  Guyana Vice President Bharrat Jagdeo said they “have difficulties finding the right partners and raising the fees.” The government...
News

DOF Group secures major contracts with Petrobras

OilNOW -
DOF Group has been awarded two significant long-term contracts by Petrobras. These include a major contract for the pipelay support vessel (PLSV) Skandi Niterói and a very large contract for the anchor handling support vessel (AHTS) Skandi Botafogo. The Brazilian-built...
News

Private sector body urges swift payment reforms in Guyana’s oil and gas sector

OilNOW -
The Private Sector Commission (PSC) has raised urgent concerns over payment delays from oil and gas companies, calling for reforms to ensure timely payments. In a meeting on June 14, 2024, with Minister of Natural Resources Vickram Bharrat and...
News

Suriname businesses urged to adopt international standards ahead of oil boom

OilNOW -
Suraya Jiawan-Nanan, Chief Executive Officer (CEO) of Haukes Construction Company in Suriname, is urging local businesses to elevate their standards to meet international requirements as the country prepares for a surge in its oil industry.  Jiawan-Nanan, at the recent Suriname...
1...151617...294Page 16 of 294

Latest News

NewsOilNOW -

SEOGS 2025 moves to accommodate growing participation

Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the...

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.

Quick Access

Company Info

Social Networks