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Guyana's Oil Ledger

Exxon-led group pays Guyana over US$77 million in royalties for Q2 crude

Kemol King -
Guyana collected US$77.9 million (GY$16.2 billion) in royalties from ExxonMobil, Hess (acquired by Chevron) and CNOOC, for crude produced and sold offshore during the second quarter of 2025, according to the latest Natural Resource Fund (NRF) report.  This brought royalty...
News

TT will lead ‘next chapter’ in energy age — PM Persad-Bissessar

OilNOW -
Prime Minister Kamla Persad-Bissessar has pledged that Trinidad and Tobago will take a proactive role in shaping the future of its energy sector, stating, “Trinidad and Tobago will not wait for the end of any energy age. We will...
Fuel for Thought

The PAA Series: Management Themes (Part 7)

Joanna Simmons -
Management Themes (Part 6) focused on the grant of a Petroleum Production Licence (PPL) under the Petroleum Activities Act 2023 (PAA). We saw that section 33 provides that the Minister may grant the PPL on such conditions as the...
Industry Insight

A Keystone Review: Beyond the Ballot Box, Guyana’s next era

OilNOW -
By Keystone Consulting Group As Guyana approaches its crucial 2025 General and Regional Elections, the natural and critical question of ‘who will govern next’ rises to the forefront of our thoughts. It is the subject of much analysis and debate,...
Opinions

Letter-to-the-Editor: Strengthening Guyana’s oil spill response is a win for both the environment and the economy 

OilNOW -
Dear Editor, The recent completion of the Oil Spill Response & Shoreline Cleanup Assessment Techniques Course and Incident Command System (ICS) Course by twenty seven members of the Guyana Defense Force is not just about capacity building via drills and...
News

Guyanese Engineers reflect on their role in ONE GUYANA vessel startup

Shikema Dey -
The ONE GUYANA floating production, storage and offloading (FPSO) vessel now stands as a symbol of both engineering excellence and national progress; at its heart are Guyanese engineers who helped bring the massive vessel to life. Reedel James, Subsea Systems...
News

Touchstone reports Q2 loss despite Central Block acquisition boost

OilNOW -
Touchstone Exploration reported that it completed the acquisition of Shell Trinidad Central Block Limited in the second quarter of 2025, adding “approximately 1,910 barrels of oil equivalent per day (boe/d) of liquids-rich natural gas production” and providing access to...
News

Ali projects GY$870 billion housing investment for Guyana, 30,000 new homes over next five years

Shikema Dey -
Guyana's President, Dr. Mohamed Irfaan Ali, has outlined plans for a GYD870 billion expansion in the country's housing sector over the next five years, committing to the construction of at least 30,000 homes and the development of 20,000 acres...
News

Rubio calls Maduro’s circle a ‘criminal enterprise’ threatening U.S. oil firms in Guyana

OilNOW -
U.S. Secretary of State Marco Rubio said Venezuela’s Nicolás Maduro and his allies constitute a criminal enterprise masquerading as a legitimate government. Speaking in a State Department video released Thursday on Facebook, Rubio announced that Washington will confront narco-terrorist networks...
News

Global Subsea Tree awards hit five-year low; Guyana’s Hammerhead project to lift totals in 2025

OilNOW -
Subsea tree awards for the first seven months of 2025 are at their lowest level since 2020, according to Westwood’s Global Subsea Tree Tracker. Westwood reported that just 97 units have been recorded year-to-date, with Turkey and Norway accounting for...
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Latest News

NewsKemol King -

Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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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