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CGX down US$56.4 million; Executive Director Suresh Narine resigns

OilNOW -
CGX Energy Inc. has reported a US$56.4 million impairment loss on its Corentyne Block assets for the second quarter of 2025, citing ongoing disputes with the Government of Guyana (GoG). In its unaudited financial statements and Management Discussion and Analysis,...
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Exxon aiming to leverage Guyana development pace in T&T, expects to even ‘move quicker’ – Ardill

OilNOW -
ExxonMobil is aiming to replicate the remarkable success it has had in Guyana, in neighboring Trinidad and Tobago, and even expects the oil and gas development to progress faster there due to T&T's established industry, deepwater ports and robust...
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Suriname emerges as third largest offshore oil investment destination in the Americas – Energy Industries Council 

OilNOW -
Suriname is fast becoming one of the top offshore oil and gas hotspots in the Americas, ranking third in projected offshore exploration and production (E&P) investments by 2030, behind only Brazil and Guyana, according to the Energy Industries Council...
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Over 130 wells drilled at Stabroek Block in over a decade – Exxon Global Exploration head 

OilNOW -
ExxonMobil has drilled more than 130 wells offshore Guyana in the decade since its first major discovery. This is according to the Vice President of Global Exploration at ExxonMobil Upstream Company, John Ardill during a Production Sharing Contract signing...
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Eight Graduate Engineers complete SBM Offshore Guyana programme, nine join new cohort

OilNOW -
Eight young Guyanese engineers have completed SBM Offshore Guyana’s Graduate Engineers’ Programme, marking the end of an intensive 18-month journey that took them across the company’s global operations. The graduates were honoured during a ceremony on August 8, where they...
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Ambipar, SBM Offshore launch robotic tank cleaning breakthrough for FPSOs

OilNOW -
Ambipar, a global leader in environmental solutions, and SBM Offshore, a key player in the ocean infrastructure sector, have jointly unveiled an advanced robotic solution for cleaning cargo oil tanks on floating production, storage, and offloading (FPSO) units, aiming...
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New Demerara River Bridge structurally sound, nearing completion – Edghill

OilNOW -
Guyana’s new Demerara River Bridge is on track to be completed by the end of August, with the final concrete slab to connect its eastern and western spans set to be poured on August 25, Public Works Minister Juan...
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75% of SMEs in Suriname’s Blue Wave Supplier Program report business growth 

OilNOW -
Alma Del Toro, Co-Founder and Co-President of Blue Wave International Supplier Development Program Corporation, says three-quarters of small and medium enterprises (SMEs) in the company’s supplier development programs have expanded their business within a year of graduating. “In aggregate, we...
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Exxon now controls deepwater asset larger than surface area of TT 

Shikema Dey -
Trinidad and Tobago’s Minister of Energy and Energy Industries, Roodal Moonilal, today announced the signing of a “historic” Production Sharing Contract (PSC) with global giant ExxonMobil for an offshore deepwater block larger than the nation’s landmass.  This marks the company’s...
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Oil companies delivered 1,600+ training programs for Guyanese in 2024

OilNOW -
The Local Content Secretariat says oil companies in Guyana delivered more than 1,600 technical and non-technical programs for Guyanese in 2024, reflecting what Head of the Employment Unit Nicole Haynes described as “the continued commitment to upskilling the Guyanese...
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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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