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Secretariat eyes 20 new areas for Guyana’s Local Content Act – Director 

Shikema Dey -
The Local Content Secretariat has flagged more than 20 additional areas that could be added to the first schedule of Guyana’s Local Content Act. Director Michael Munroe made the disclosure on day two of the Georgetown Chamber of Commerce...
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Suriname’s new government shifts Santokhi’s ‘Royalties for Everyone’ to more sustainable investment  

Işıl Güneş -
PARAMARIBO, SURINAME -  In May 2025, then-President Chandrikapersad Santokhi unveiled ‘Royalties for Everyone’,  an initiative that promised to share Suriname’s future oil revenues directly with its citizens. Under the plan, every Surinamese citizen would receive a share of royalties...
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Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

OilNOW -
Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and Energy Industries to discuss expanding the company’s presence in the country’s energy sector. The meeting, held on Wednesday (November 13) at...
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SBM Offshore’s ONE GUYANA FPSO boosts performance as Exxon eyes early purchase

OilNOW -
SBM Offshore has reported another strong quarter, underscoring the success of its Guyana operations as its ONE GUYANA floating production, storage and offloading (FPSO) vessel begins full production, and ExxonMobil considers exercising its purchase option for the vessel in...
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Exxon, Guyana push for joint planning on Berbice gas-fed industries

Kemol King -
ExxonMobil Guyana Commercial Manager Paul Foster on Tuesday said that there are unique advantages to investing in Guyana, as he urged potential investors to plan and align strategies on natural gas-fed projects to be located at an upcoming industrial...
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Small businesses must ‘keep up’ with Guyana’s rapid growth – GCCI President

Shikema Dey -
Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has urged small businesses to strengthen their systems, improve visibility, and embrace traceability as Guyana’s economy continues its rapid expansion.  She made the call at the opening of...
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Guyana ‘on course’ as Trinidad’s energy training legacy offers a blueprint – GTTCI Director 

OilNOW -
Guyana is steadily building the foundation for a skilled oil and gas workforce and is “on course” to follow the proven path once taken by Trinidad and Tobago, according to Professor Clement Sankat, Director of the Guyana Technical Training...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

OilNOW -
Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname. The decision was made on November 11, 2025, representing a major advancement in the country’s offshore petroleum development. In an announcement...
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Guyana gas resources set to power new state-of-the-art AI data centre

OilNOW -
In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of Guyana and Cerebras Systems  – an  American artificial intelligence (AI) company – signed a landmark Memorandum of Understanding (MOU) to...
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Exxon’s 2025 Golden Lane well targets positioned updip for optimal hydrocarbon recovery

OilNOW -
Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the prolific ‘Golden Lane’ trend. This is according to a November 11 report from global energy...
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Guyana’s four FPSOs set a new pace for deep-water oil development

The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s...

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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