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Baker Hughes plugging over US$8 million into Oilfield Service Facility in Guyana

OilNOW -
American international industrial service company, Baker Hughes, is moving to set up an Oilfield Service Facility at Land of Canaan on the East Bank of Demerara in Guyana, where it expects to provide employment for over 70 Guyanese during...
News

Corentyne River Bridge on agenda as Guyana President makes first state visit to Suriname

OilNOW -
Guyana’s President, Dr Mohamed Irfaan Ali, has arrived in Suriname for a state visit over the period November 23 to 26, during which time discussions will be held with President Chandrikapersad Santokhi to build on the issues advanced during...
News

Staffing is now the focus for CGX deep water port facility in Guyana

OilNOW -
Grand Canal Industrial Estates Inc. (GCIE), a subsidiary of CGX Energy Inc., has begun seeking human resources personnel for its Berbice Deep Water Port facility, located in the new oil producing country of Guyana. In multiple advertisements in the local...
News

Suriname offshore breakeven expected to go down with more discoveries

OilNOW -
The projected breakeven price for development of oil fields offshore Suriname is expected to reduce in coming years as more discoveries are made, and production gets underway. So far, three discoveries have been made at Block 58, estimated to contain...
Exploration

Stena Carron exits ‘deepest Guyana well’ for new drill campaign

OilNOW -
The drillship Stena Carron is set to depart the Tanager-1 well site in the Kaieteur block and will take up a new assignment at the Redtail area, back in the adjacent Stabroek block, for an exercise that is set...
News

Liza-1 well can produce up to 50 million standard cubic feet of gas per day

OilNOW -
Guyana is poised to significantly reduce its reliance on imported fossil fuel to meet its energy needs through the utilisation of natural gas from the offshore Liza field at the Stabroek block. There has been broad-based consensus on the...
News

Guyana and Suriname joining Brazil as South America’s hottest deepwater plays

OilNOW -
Offshore exploration and production activities in South America have long been dominated by Brazil with its vast offshore pre-salt developments. State oil company Petroleo Brasileiro SA (Petrobras) alone accounted for nearly 88% of the continent’s deepwater OPEX in the...
News

Saipem enters 12-year agreement with Saudi Aramco

OilNOW -
Saipem has signed a Long-Term Agreement (LTA) with Saudi Aramco for onshore engineering and construction activities. The deal, which is for a duration of twelve years, entails efficiency activities on existing facilities and is part of Saudi Aramco’s broader...
News

Payara subsea award is the largest since 2014

OilNOW -
Payara, ExxonMobil’s 3rd development at the Stabroek Block offshore Guyana, has made way for the award of the largest subsea contract in the oil and gas industry since 2014. This comes in a year which one industry analyst describes as...
Exploration

Tanager results a reminder that exploration is a risky, expensive business – Ramnarine

OilNOW -
The results from the Tanager-1 exploration well at the Kaieteur Block offshore Guyana announced on Tuesday brings back into focus the risky nature of exploration, even in a basin where the success rate has been well above 90 percent. Since...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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