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US$950 million gas development project moves forward in Norway

OilNOW -
Equinor announced on Friday that it submitted, along with its Halten East partners, a plan to invest NOK 9 billion (approximately US$950 million) to develop a series of gas and condensate discoveries in an area neighbouring the Åsgard field...
News

Houston, wider East Bank morphing into major corridor of oil and gas development in Guyana – Bharrat

OilNOW -
A new oil and gas corridor is quickly emerging in Guyana on the East Bank of Demerara where several oil field services companies have been setting up operations in recent years. “It seems as though Houston in Guyana is becoming like Houston in Texas;...
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Over 50 development wells for Guyana’s biggest oil project

OilNOW -
The subsea umbilicals, risers, and flowlines (SURF) facilities for the Yellowtail project will be the largest to date offshore Guyana with over 50 development wells planned, making the contract for the supply and installation of this equipment among the...
Opinions

On refining the trajectory of Guyana’s local content requirements

OilNOW -
Dr. Terrence Richard Blackman - OilNOW On February 15th - 18th, 2022, an International Energy Conference & Expo: Charting a Sustainable Energy Future was held at Guyana's Marriott Hotel. One highlight of the meeting was the panel discussion on Guyana's...
News

Energy Conference opens today in new South American oil province

OilNOW -
Global oil sector majors have arrived in Guyana for the nation's first major energy conference since the COVID-19 pandemic started just over two years ago. The International Energy Conference and Exhibition which begins today and concludes on Friday, seeks...
News

Wireline sales in Guyana help boost Halliburton’s Q4 revenue

OilNOW -
Halliburton announced on Monday that its total revenue for the fourth quarter of 2021 was $4.3 billion compared to revenue of $3.9 billion in the third quarter of the year. The company said in its drilling and evaluation division, revenue was US$1.9 billion—an increase...
News

150 companies, four heads of state confirmed for February energy conference

OilNOW -
Response to the International Energy Conference set to take place in Georgetown next month has been overwhelming so far with around 150 companies and four heads of state confirmed for the flagship event. “We have about 150 companies registered, some...
News

Organisers moving forward with February energy conference in Guyana

OilNOW -
Organisers of the International Energy Conference and Expo slated to be held next month in Georgetown, Guyana say they have noted the increase in COVID-19 cases in the South American country and will be taking all precautions in keeping...
News

Another Guyanese firm looking to expand operations as demand for services surge

OilNOW -
Since Guyana’s President, Dr. Mohamed Irfaan Ali’s call earlier this year for locals to prepare themselves to seize more opportunities in the country’s oil and gas sector, several Guyanese business operators have been moving to expand their capabilities and...
News

Norway group says Yellowtail subsea contract among biggest this century

OilNOW -
Subsea giant TechnipFMC landed a major subsea equipment deal this month for ExxonMobil’s next phase of the Stabroek development offshore Guyana. According to Norway-based energy research and business intelligence company, Rystad Energy, it is among the top 10 contracts...
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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...

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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