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Shell to increase stake in Nigeria’s Bonga oil field

OilNOW -
Shell Nigeria Exploration and Production Company (SNEPCo) has signed an agreement to acquire TotalEnergies’ 12.5% stake in the OML 118 Production Sharing Contract offshore Nigeria. The deal, announced by Shell on May 28, will raise Shell’s interest in OML 118...
News

Snapshot: Exxon’s first Stabroek Block tie back development tapping three oil fields 

OilNOW -
ExxonMobil’s Uaru development is the first Stabroek Block project to utilize a subsea tieback connecting three fields - Uaru, Mako, and Snoek oil fields - to a single production facility. Tiebacks, by industry definition, transport hydrocarbons from seabed wells to...
News

ExxonMobil enters exclusive talks to sell French refinery to North Atlantic

OilNOW -
ExxonMobil has entered exclusive negotiations with Canadian fuel retailer North Atlantic for the sale of its 82.89% stake in its French subsidiary Esso, including the 240,000 barrels per day Gravenchon refinery in Normandy. The deal also includes a 100% stake...
Opinions

I am eagerly awaiting the gas-to-energy project

OilNOW -
Dear Editor, It is quite unfortunate that on a day as significant as May 26, our Independence, we were forced to celebrate such an accomplishment in complete darkness, in some parts of the country.  While blackouts have seemingly become the norm...
News

Oil production to begin at Guyana’s 4th project ahead of pivotal elections

OilNOW -
ExxonMobil’s Yellowtail development offshore Guyana is expected to come online in August, just ahead of national elections in the South American country. Yellowtail, the fourth project in the Exxon-led Stabroek Block, will use the ONE GUYANA floating production, storage and...
News

ExxonMobil seeks ROV services for offshore operations near Georgetown

OilNOW -
ExxonMobil Guyana Limited (EMGL) said it plans to establish a goods and services agreement for Deepwater Subsea Remote Operated Vehicle (ROV) support.  In a public request for information, Exxon said the ROV services will assist oil and gas operations near...
News

Guyana’s Yellowtail crude to enter market in competition with U.S. WTI and Argentina’s Medanito

OilNOW -
Guyana’s Yellowtail crude, from the country’s fourth offshore development, is set to hit international markets in the third quarter of 2025, with a lighter and sweeter profile than the country’s current grades.  The new grade is expected to compete directly...
Guyana's Oil Ledger

Production surges at Exxon’s Liza 2 and Payara projects

Kemol King -
In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara projects averaging approximately 260,000 barrels per day (b/d) each. This indicates that ExxonMobil, the operator...
News

Election Deadlock: Suriname’s 2025 elections signal coalition challenges ahead of oil boom

OilNOW -
Paramaribo: Suriname’s 2025 general elections have yielded a dramatic outcome that is both reflective of the country’s political fragmentation and indicative of the challenges ahead in forming a government and charting a united course for the country’s oil future.  Preliminary...
News

Guyana to vote on September 1 in first election of oil-funded development era

OilNOW -
Guyana will hold elections for a new government on September 1, 2025, President Irfaan Ali announced Sunday night during his address on the country’s 59th Independence anniversary. Speaking at national celebrations held in Albion, Berbice, Ali said he had consulted...
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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...

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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