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OilNOW’s top stories of 2025 Suriname Edition

Here are the stories that you, the readers, were most interested in last year about Suriname:  Suriname’s GranMorgu offshore oil project is 23% complete TotalEnergies and Staatsolie reported that GranMorgu reached 23% completion, covering engineering and procurement progress, and reaffirmed that...

First Ultra-Deepwater clearance positions Trinidad and Tobago for next offshore frontier

Trinidad and Tobago’s first environmental clearance for ultra-deepwater exploration is being framed by the Ministry of Planning, Economic Affairs and Development as a strategic step toward opening a new offshore frontier. The Environmental Management Authority (EMA) has issued a Certificate...

ExxonMobil Guyana seeks DP2 chemical carrier vessels for Georgetown operations

ExxonMobil Guyana Limited plans to establish a services agreement for the provision of one or more DP2 chemical carrier vessels or platform supply vessels to support operations in the Georgetown area. The company issued a Request for Information to identify...

Exxon’s Yellowtail project averaged 258,000 b/d in November

ExxonMobil’s Yellowtail offshore oil project in Guyana averaged 258,000 barrels per day (b/d) in November, according to newly released government data. Total offshore output across the four producing developments in Guyana’s Stabroek Block averaged about 894,000 b/d in November, up...

Guyana’s oil revenues surpassed $8 billion in fourth quarter

Guyana’s total revenues from oil production have climbed to over US$8 billion since output began in December 2019, bolstered by rising production from offshore projects operated by ExxonMobil. Cumulative revenues from oil sales and royalties exceeded US$8.25 billion, according to...

How ExxonMobil’s Stabroek Block oil contract works

What is the Stabroek Block Production Sharing Agreement? The Stabroek Block Production Sharing Agreement (PSA) is the contract that governs all current offshore oil production in Guyana. It sets out the terms under which oil is explored, produced, and shared...

Guyana pursues seismic survey of unawarded deepwater blocks from first offshore auction

Guyana is moving to contract a large-scale 3D marine seismic survey covering deepwater offshore blocks that were left unawarded or unresolved in the country’s first oil and gas auction, signaling preparations to re-offer the acreage. The Environmental Protection Agency has...

Stabroek Block partner discovers ‘hundred-million-tonne-class’ oilfield in China’s Bohai Sea

China National Offshore Oil Corporation (CNOOC) announced Wednesday that it has made a major oilfield discovery at the Qinhuangdao 29-6 asset in the shallow Neogene formations of the Bohai Sea. This marks the seventh consecutive discovery of a hundred-million-tonne-class oilfield...

A crash course on Guyana’s oil fund

Guyana’s Natural Resource Fund is the country’s sovereign wealth fund. It is the legal vehicle through which revenues from oil production are collected, saved, and transferred into the national budget. All government earnings from offshore petroleum production flow first...

ExxonMobil Guyana wins city chamber’s Corporate Citizen Award

ExxonMobil Guyana has won the Corporate Citizenship Award from the Georgetown Chamber of Commerce and Industry (GCCI), the company’s President Alistair Routledge said on Tuesday in a LinkedIn post. “ExxonMobil Guyana Ltd exemplifies ethical leadership, strong corporate governance and meaningful...

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Venezuela has no authority over seismic work in Guyana’s waters – gov’t

Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ),...