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Energy Chamber of TT urges gov’t to focus on gas fields in EEZ after U.S. pulls Venezuela cross-border licenses

OilNOW -
The Energy Chamber of Trinidad and Tobago (TT) has stated that the country must urgently pursue natural gas opportunities in its exclusive economic zone (EEZ). This comes as the United States government revoked two OFAC special licenses for the Dragon...
Opinions

Letter-to-the-Editor: Reduced fish catch is in no way linked to oil production

OilNOW -
Dear Editor, The production of oil and gas offshore Guyana is once again being labeled responsible for the low fish catch being experienced by fisherfolk. On April 4 and 7, articles appeared in the Kaieteur News titled “Pritipaul Singh exports...
News

Hess’ Guyana assets beat U.S. oil output second year in a row

OilNOW -
Hess’ Guyana net oil production in 2024 beat its U.S. output for the second time, the company said in its annual report.  Net Guyana output for Hess’ 30% stake in the Guyana Stabroek Block was 68.136 million barrels in 2024,...
News

US kills licenses for Trinidad and Tobago’s cross-border gas projects with Venezuela 

OilNOW -
The United States government has revoked the licenses granted to Trinidad and Tobago for the Dragon and Manakin-Cocuina cross-border gas fields. Prime Minister Stuart Young made the announcement during a press briefing at Whitehall on April 8 at 4:45 p.m.,...
News

Second local catering consortium to launch this year – Local Content Head

Shikema Dey -
By mid-2025, a second local catering consortium is anticipated to launch, targeting Guyana’s oil and gas industry. Dr. Martin Pertab, Director of the Local Content Secretariat, made this announcement at the Local Content Summit. Dr. Pertab said discussions with international...
News

Ali: Guyanese must invest in the country’s energy future 

Shikema Dey -
President Dr. Irfaan Ali made a strong call for Guyanese investors to directly participate in the country’s booming energy sector. Speaking at the 2025 Local Content Summit, Ali laid out a strategy centered on local ownership, risk-sharing, and new...
News

Oil exports largely responsible for Guyana’s trade surplus with U.S.

OilNOW -
Guyana’s export of oil is largely responsible for the country's trade surplus with the United States. This surplus was a deciding factor in the recently announced tariffs by President Donald Trump which has resulted in the application of a...
Opinions

Letter-to-the-Editor: All efforts must be made to ensure workers are not left behind in the nation’s economic transformation

OilNOW -
Dear Editor, As I continue to work in public communications,  after speaking with the average citizen on a regular basis, I find that more people are becoming interested in the oil and gas sector. However, many are deeply concerned about...
News

Petronas to launch 257-day drilling campaign offshore Suriname in June

OilNOW -
Petronas will begin a 257-day, three-well drilling campaign in Suriname’s offshore Block 52 in June. The program details were disclosed in documents submitted to the country’s National Institute for Environment & Development (NIMOS), according to a report in Upstream...
News

Guyana power grid upgrade gains steam ahead of Gas-to-Energy startup 

OilNOW -
One of the key substations that will transmit power from Guyana’s 300-megawatt (MW) Gas-to-Energy (GtE) project is nearing completion, well ahead of the project’s full commissioning. Minister within the Ministry of Public Works, Deodat Indar, on April 3 inspected...
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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

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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