Some are calling it the last major hydrocarbon frontier while others see it as the Holy Grail of oil and gas. The Guyana Suriname Basin (GSB) has now become a major hotspot for petroleum exploration and production and is...

By Anthony T. Bryan – OilNOW From Trinidad and Tobago (T&T) it is about one hour flying time south to Georgetown the capital of the Republic of Guyana and another hour flying south to Paramaribo the capital of Suriname. These two...

A panel discussion on Guyana’s planned gas to power project will premiere on OilNOW TV this evening as part of a series focusing on the initiative that is expected to have a significant transformational impact on the new oil...

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order signed by former U.S. President Donald Trump in November last year, Reuters said in a...

ExxonMobil Guyana said this week that all rework and reassembly of the flash gas compressor that encountered challenges in January have been completed and the machine is now being prepared for testing at the MAN Energy Solutions workshop in...

The Stena Carron drillship is wrapping up operations at the Bulletwood-1 prospect offshore Guyana on the Canje Block where the well was spudded approximately 57 days ago. The Maritime Administration Department said in a notice on Wednesday that the Stena...

The 6th Generation Harsh Environment dual activity dynamically positioned (DP3) drillship, Stena DrillMAX, is now in Guyana waters and will begin operations with a series of campaigns at the deepwater multi-billion-barrel Stabroek Block. In March the Stena DrillMAX will spud...

Italian multinational oilfield services company Saipem has won the Environmental Sustainability Award in International Marine Contractors Association’s (IMCA) 2020 Awards programme, for an innovative CO2 estimation tool in its offshore projects, named SOCE (Saipem Offshore Carbon Estimation). This award has been granted...

Brazil’s state-controlled oil company Petrobras received only one proposal, from Dutch floater specialist SBM Offshore, in a bid to construct the Mero 4 oil production platform in the Santos Basin pre-salt, two sources with knowledge of the matter told...

By Arthur Deakin – OilNOW On February 15, the government of Guyana opened a public consultation process for its local content policy. Guyana is set to become a top 20 global oil producer, at 1.2 million barrels a day by...