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ExxonMobil makes 8th discovery in Guyana

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) said on Wednesday it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet (78 meters)...
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Schlumberger seeking EOIs to build drilling fluids facility in Guyana

OilNOW -
Schlumberger Guyana, a subsidiary of the world-class oilfield services company Schlumberger, is in the process of constructing a drilling fluids facility to support the operations of ExxonMobil with regards to the Liza development. This is according to an advertisement placed...
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Report: Guyana’s deepwater areas will remain competitive, despite changes to fiscal terms

OilNOW -
Guyana's deepwater investment climate is expected to remain regionally competitive over the next five years, despite the South American country's plans to adjust its upstream fiscal regime and to establish a national oil company (NOC). A report released on May...
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New Guyanese recruitment firm eyeing opportunities in O&G

OilNOW -
100% Guyanese-owned Strategic Recruitment Solutions (SRS) is gearing up to offer a range of manpower services with special focus on the South American country’s emerging oil and gas sector. Through an “ethics first” approach the company is aiming to be...
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Liza Phase 1 development progressing rapidly – ExxonMobil

OilNOW -
The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said on Tuesday. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production...
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Repsol, Total in US$324M deal with Algeria’s Sonatrach

OilNOW -
Algerian energy giant Sonatrach on Monday signed a contract worth 324 million U.S. dollars with France's Total and Spain's Repsol for the development of a gas field in the south of the country. Under the contract, Sonatrach holds a major...
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Chevron names Brazil chief to lead Venezuela operations after arrests

OilNOW -
(Reuters) - U.S. oil producer Chevron Corp has permanently assigned its Brazil country chief to run its Venezuelan operations after the months-long detention of two executives escalated tensions between the OPEC-member nation and foreign oil firms. Javier La Rosa, who had...
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Guyanese tech company catapulted to world stage after building ExxonMobil supplier portal

OilNOW -
Information and Communication Technology (ICT) company BrainStreet has been catapulted to the international arena after building the Supplier Registration Portal for ExxonMobil’s Centre for Local Business Development (CLBD) in Guyana. The 100% Guyanese owned company, in operation since 1994, took...
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US$14M spent on services from 227 local suppliers for Q1 2018 in Guyana

OilNOW -
The Guyana government on Tuesday published a list of companies and individuals who are supplying goods and services in support of ExxonMobil operations in the South American country. The list of 227 local suppliers which ExxonMobil and its contractors have...
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TechnipFMC seeking multiple services for Guyana operations

OilNOW -
ExxonMobil Guyana Tier 1 contractor, TechnipFMC, is inviting companies to submit Expressions of Interest (EOI) for a number of upcoming opportunities in the South American country. The company is in search of logistics, procurement and transportation services, inclusive of ground...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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.

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