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Guyana, Brazil to account for 30% of global subsea tree installation – Rystad Energy

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South American neighbours Guyana and Brazil are the driving force behind 30% of global subsea tree installations all the way up to 2030, according to Rystad Energy projections.  The Norway-based firmt said investments in offshore services are expected to balloon...
Opinions

Can a Universal Basic Income Scheme work in Guyana? (Transforming Guyana Season II Episode I)

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By Tash Van Doimen & Dr. Terrence Blackman - OilNOW The Guyana Business Journal and the Caribbean Policy Consortium recently premiered Season II, Episode I of their webinar series, "Transforming Guyana." This episode delved into the critical topic of revenue...
Featured

Capricorn exits Suriname

OilNOW -
Capricorn Energy PLC, an oil and gas exploration company, has announced its decision to divest its Suriname asset as it shifts its focus towards Egypt.  Capricorn currently operates Block 61, located in the Guyana-Suriname basin, where significant discoveries have been...
News

Pipeline installation underway for Guyana’s Gas-to-Energy project

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Pipelaying activities are ongoing near the West Bank of Guyana’s Demerara River to facilitate the Gas-to-Energy project.  A notice from Guyana’s Maritime Administration (MARAD) noted that the DB Rewa vessel has joined operations and is scheduled to conclude activities on...
News

Saipem Guyana seeks local companies for ground transportation services as operations escalate in Stabroek Block

OilNOW -
Guyanese companies in strict compliance with the country’s local content law are invited to submit expressions of interest (EOIs) for ground transportation services for Saipem Guyana, one of ExxonMobil’s leading Stabroek Block contractors.  Saipem in a public EOI request stated...
News

Local caterers now have up to July 4 to submit RFI’s to Noble Drilling

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Noble Drilling, one of ExxonMobil’s prime contractors, has extended the deadline for firms to submit technical information for the provision of offshore catering, housekeeping, laundry, janitorial and pest control services. The deadline is now July 4.  Noble said the scope of...
News

Subsea 7 seeking logistics firms as pipelaying for Gas-to-Energy begins

OilNOW -
Subsea 7, one of the two companies hired for pipelaying service for Guyana’s Gas-to-Energy project is on the hunt for local logistics firms, according to a public Expression of Interest (EOI). Subsea 7 was hired alongside Dutch contractor Van Oord...
Opinions

Sustainable Energy from Ideas to Projects: Part 1

OilNOW -
By Dr. Lorraine Sobers - OilNOW The Energy Chamber of Trinidad and Tobago hosted the Caribbean Sustainable Energy Conference (CSEC) 2023 on June 5-7 at the Hyatt Regency, Port of Spain, Trinidad. The energy transition facing the sector, net-zero...
News

SBM Offshore’s new build FPSO receives $1.615 billion project financing for Mero Field in Brazil

OilNOW -
SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...
News

Eni hires Baker Hughes for Ivory Coast subsea project

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Baker Hughes has been awarded a major contract by Eni and its partner Petroci for the Baleine Phase 2 project in Ivory Coast, Africa’s first Scope 1 and 2 net-zero emissions development. This award includes eight deep water trees, three...
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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...

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