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Europe took 75% of Guyana’s oil cargoes in January 

Kemol King -
Tankers taking off crude from ExxonMobil’s Stabroek Block went mostly to Europe in January.  According to Guyana’s Maritime Administration Department (MARAD), 20 lifts—each consisting approximately a million barrels— were taken off in January. Fifteen of them went to Europe, based...
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Stabroek Block group could recover another US$13 billion in expenses this year

Kemol King -
With US$17.6 billion in crude exports projected for 2025, the Stabroek Block group could recover up to US$13.2 billion in expenses in 2025. The group—ExxonMobil, Hess, and CNOOC—has committed more than US$54 billion to explore and develop the Stabroek Block...
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Map showing Guyana’s New River Triangle as Suriname’s territory not ours – Suriname-Guyana Chamber of Commerce

OilNOW -
The Suriname Guyana Chamber of Commerce (SGCC) said it was not party to a map showing Guyana’s New River Triangle as part of Suriname’s territory at a recent conference there.  “The image in question was not part of any SGCC...
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Every citizen, especially leaders, should know Guyana’s territorial limits with conviction – Robert Persaud

OilNOW -
Guyana’s Foreign Secretary Robert Persaud said every Guyanese, especially leaders, should know the limits of the country’s territory with conviction. The official’s comment follows reports that the New River Triangle was presented on a map as part of Suriname’s...
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NJ Ayuk to Suriname: Learn from Africa’s mistakes, not its successes

OilNOW -
Suriname should learn from Africa’s missteps as it develops its offshore oil industry, not just its successes. Executive Chairman of the African Energy Chamber NJ Ayuk called on the South American country to avoid the pitfalls that have hindered...
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US$3.2 billion withdrawn from Guyana’s oil fund so far

OilNOW -
The Guyana government has withdrawn US$3.195 billion (GY$666 billion) from the Natural Resource Fund (NRF) to date, the Bank of Guyana said in a report. This sum covers three years of spending – 2022 to 2024. The government started spending...
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Hinterland School shines in Mousetrap Car Grand Prix competition 

OilNOW -
Paramakatoi Secondary, Abram Zuil Secondary, and St. Rose’s High emerged as champions in the third annual Guyana-Monaco Mousetrap Car Grand Prix Competition. The event was hosted by SBM Offshore Guyana at the Cliff Anderson Sports Hall in Georgetown on...
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TotalEnergies reports US$18.3 billion adjusted net income in 2024

OilNOW -
French oil and gas giant TotalEnergies ended the previous year with an adjusted net income of US$18.3 billion and cash flow of US$29.9 billion. This is even with a softer market due to declining refining margins.  The company said for...
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UWI Law Dean warns against insufficient local content laws

OilNOW -
Dr. Alicia Roberts, Dean of the Faculty of Law at the University of the West Indies St. Augustine, cautions that poorly formed local content laws or policies can create major inefficiencies and delays in the oil and gas sector.  At...
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Guyana’s president urges Suriname to ‘act early’ in preparation for impending oil boom

OilNOW -
As Suriname prepares for its first deepwater development, Guyana’s President, Dr. Irfaan Ali, urged that country's government and private sector to “act early” in laying the foundation for its long-term economic transformation.  Addressing a recent conference in Suriname, Ali said...
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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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