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ExxonMobil could unlock $20 billion in Trinidad’s deepwater play – Rystad Energy

OilNOW -
ExxonMobil’s latest offshore campaign in Trinidad and Tobago could yield over US$20 billion in new investment opportunities, according to an analysis published by Rystad Energy on November 6.  The firm said the U.S. oil major is targeting one of the...
Rules of the Game

From Ministry of Natural Resources to Ministry of Oil & Gas and Environment: What does this change really mean

Işıl Güneş -
Suriname published a new State Decree S.B. 2025 No. 124 on October 22, with the name of ‘Decree on Task Description of Ministries 2025’ taking effect retroactively from July 16th, 2025. At first, it appears to be an administrative...
News

GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

Shikema Dey -
The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13 and 14 at the Pegasus Suites and Corporate Centre, bringing together local, regional, and international stakeholders to strengthen Guyanese enterprises...
Energy Insights

New High Court Decision: Oil and Gas Litigation – EIAs are required for oil and gas exploration and production waste-management facilities 

Chevy Devonish -
The High Court of Guyana has ruled that an operation permit granted to Global Oil Environmental Services (Guyana) Inc. (GOES) to operate a waste-management facility for oil and gas exploration and production waste is invalid.   The Court also quashed the...
News

SBM Offshore Guyana deepens local supplier collaboration through annual Vendor Day

OilNOW -
Local suppliers in Guyana’s oil and gas industry were given an opportunity to strengthen their participation in the sector through SBM Offshore Guyana’s annual Vendor Day, held this week at the Pegasus Suites.  The event brought together more than 50...
News

Eco Atlantic announces passing of Co-Founder and Chief Operating Officer Colin Kinley

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. has announced the sudden passing of its co-Founder and Chief Operating Officer, Colin Kinley, according to a press release issued by the company on November 8.  The Board and Company expressed deep sadness at...
News

Oil boom reshaping Guyana’s business landscape, says GCCI President

Shikema Dey -
Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith says Guyana’s oil industry is transforming the way local enterprises operate, pushing small and medium businesses to scale up, form partnerships, and think globally. “I’m seeing them as the winners,”...
News

Norway firm says Guyana key to S/America’s oil growth as FPSOs drive output surge

OilNOW -
Offshore oilfields that have come online since 2020, and those expected to start up by 2030, will account for over 65% of South America’s conventional oil production, according to an analysis published by Norway-based Rystad Energy on November 6.  The...
Opinions

Letter-to-the-Editor: Hope in Every Drop

OilNOW -
Dear Editor, I must admit, I always thought it was a lie. But as a mother of a daughter at West Demerara Secondary School, I’ve seen how Guyana’s growing oil industry can benefit everyday families. Thanks to Project FLOW, her school...
News

QatarEnergy deepens presence in Suriname with stakes across six offshore blocks

OilNOW -
QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing Contracts (PSCs) for Blocks 9 and 10. The agreements, secured during the POST SHO2 bid round, strengthen the company’s position...
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Latest News

NewsOilNOW -

Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana today announced that the country’s daily oil production has reached a new milestone of 900,000 barrels per...

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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