News

News

Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Kemol King -
Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income, and a US$215 million loss tied to the fair value of Hess shares, even as the oil major posted record...
News

First oil from ONE GUYANA set for next week – Exxon CEO

Shikema Dey -
ExxonMobil’s Chief Executive Officer, Darren Woods announced today that first oil from the ONE GUYANA floating production storage and offloading (FPSO) vessel is expected next week. The milestone will mark the start of production from the Yellowtail development, Exxon’s...
News

Exxon reports US$7.1 billion in Q2 earnings with highest second-quarter upstream production since Mobil merger

Shikema Dey -
ExxonMobil Corporation reported second-quarter 2025 earnings of US$7.1 billion, or US$1.64 per diluted share. According to its financial report released this morning, cash flow from operating activities totaled US$11.5 billion, while free cash flow stood at US$5.4 billion. Shareholder distributions...
News

Suriname to outpace Guyana in 2025 exploration activity – WoodMac

OilNOW -
Suriname is set to surpass Guyana in exploration and appraisal drilling activity in 2025, according to Wood Mackenzie in the latest World Oil Regional Report on Guyana and Suriname. “In 2025, for the first time since the Liza discovery, WoodMac...
News

Strohm delivers first 13 TCP Jumpers for ExxonMobil’s Yellowtail project

OilNOW -
Strohm has completed fabrication of the first 13 thermoplastic composite pipe (TCP) jumpers for ExxonMobil’s Yellowtail development offshore Guyana. The jumpers were produced under Strohm’s Jumper on Demand model, a first for both the region and the client. The approach...
News

MODEC: Eight Guyanese trainees head to Singapore for second phase of development program

OilNOW -
Eight Guyanese nationals have completed the first phase of MODEC Guyana’s 20-month Onshore Trainee Program and are set to begin Phase Two in Singapore, according to a company press release. The release stated that the program began in February 2025,...
News

Blue Water secures key logistics contract for Noble’s Block 52 campaign in Suriname

OilNOW -
Blue Water Suriname has secured the Rig Agency and Logistics & Shore Base Support contract for Noble Corporation’s operations in Block 52. Block 52 spans 4,749 square kilometres and lies off the coast of Paramaribo. Noble Developer, a semisubmersible Mobile Offshore...
News

Trinidad aims to deliver wind energy data to investors by 2026

OilNOW -
Trinidad and Tobago plans to make reliable onshore and offshore wind resource data available to investors by 2026, a move intended to attract renewable energy investment and support the country’s green hydrogen ambitions. Speaking at a workshop for the European...
News

MODEC launches new offshore training intake for Guyanese technical graduates

OilNOW -
MODEC has launched a new intake for its Offshore Technical Trainee Program in Guyana. This initiative follows the launch of the company’s onshore training program, which includes eight Guyanese in its first cohort. MODEC is seeking trainees to take part...
News

Suriname’s Caiman-1 well could unlock shallow end of ‘Golden Lane’ – GEOExPro 

OilNOW -
Petronas is preparing to drill Caiman-1 in Suriname’s offshore Block 52, a move that could expand exploration into the shallower section of the 'Golden Lane', according to global energy magazine GEOExPro. The "Golden Lane" in the Guyana-Suriname Basin refers...
123...1,005Page 1 of 1,005

Latest News

NewsKemol King -

Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...

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.

Quick Access

Company Info

Social Networks