Halliburton has unveiled its latest innovation, the Obex EcoLock® compression-set packer, aimed at addressing the challenge of sustained casing pressure (SCP) in the oil and gas industry.  The company announced on July 2 that the Obex EcoLock packer is specifically...

Reported earnings of $6.0 billion; adjusted earnings of $5.8 billion Record Permian Basin production, 11 percent higher than the year-ago period Record shareholder distributions of $7.2 billion PDC Energy, Inc. acquisition expected to close in August 2023 SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:...

International and offshore markets continue to showcase robust growth, outpacing North America's more moderated development, according to Olivier Le Peuch, CEO of SLB. He pointed out that these regions now make up nearly 80% of SLB's global portfolio, with...

By Jerry Haar and Cristina Caus - OilNOW A cursory view of the political, economic and social environment in South America does not instill optimism. Economic and political challenges across the region erode the confidence of both local and foreign...

The Government of Guyana has issued a notice inviting residents of Friendship, East Bank Demerara, to attend a public consultation regarding the proposed Gas-to-Energy project. The meeting is scheduled to take place on Saturday, July 22, 2023, at 10:00hrs,...

Transocean announced Tuesday that an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico. One of three drillships will be selected by Transocean from among Deepwater Invictus, Deepwater Thalassa, and Deepwater...

Head of Guyana’s Gas-to-Energy Task Force, Winston Brassington, has urged Guyana’s Supreme Court to dismiss a lawsuit against the Gas-to-Energy project, arguing that it is obstructionist. The lawsuit concerns the issuance of an environmental permit by the Environmental Protection Agency...

Van Oord Dredging and Marine Contractors B.V., has joined Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer to build a mega deepwater facility – Port of Nickerie – in Suriname. The partnership will integrate green energy, sustainable transport...

Dr. Peter Ramsaroop, Chief Investment Officer and Head of the Guyana Office for Investment (Go-Invest) is set to lead a robust delegation to the ninth India-Latin America and Caribbean (LAC) Conclave on the 3rd and 4th of August 2023...

By Tash Doimen & Dr. Terrence Blackman - OilNOW The world’s newest major oil producer, Guyana, is a hot topic in D.C. today. U.S. Secretary of State Anthony Blinken visited the country in early July, marking only the second time...