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Touchstone reports Q2 loss despite Central Block acquisition boost

OilNOW -
Touchstone Exploration reported that it completed the acquisition of Shell Trinidad Central Block Limited in the second quarter of 2025, adding “approximately 1,910 barrels of oil equivalent per day (boe/d) of liquids-rich natural gas production” and providing access to...
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Ali projects GY$870 billion housing investment for Guyana, 30,000 new homes over next five years

Shikema Dey -
Guyana's President, Dr. Mohamed Irfaan Ali, has outlined plans for a GYD870 billion expansion in the country's housing sector over the next five years, committing to the construction of at least 30,000 homes and the development of 20,000 acres...
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Rubio calls Maduro’s circle a ‘criminal enterprise’ threatening U.S. oil firms in Guyana

OilNOW -
U.S. Secretary of State Marco Rubio said Venezuela’s Nicolás Maduro and his allies constitute a criminal enterprise masquerading as a legitimate government. Speaking in a State Department video released Thursday on Facebook, Rubio announced that Washington will confront narco-terrorist networks...
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Global Subsea Tree awards hit five-year low; Guyana’s Hammerhead project to lift totals in 2025

OilNOW -
Subsea tree awards for the first seven months of 2025 are at their lowest level since 2020, according to Westwood’s Global Subsea Tree Tracker. Westwood reported that just 97 units have been recorded year-to-date, with Turkey and Norway accounting for...
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CGX down US$56.4 million; Executive Director Suresh Narine resigns

OilNOW -
CGX Energy Inc. has reported a US$56.4 million impairment loss on its Corentyne Block assets for the second quarter of 2025, citing ongoing disputes with the Government of Guyana (GoG). In its unaudited financial statements and Management Discussion and Analysis,...
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Exxon aiming to leverage Guyana development pace in T&T, expects to even ‘move quicker’ – Ardill

OilNOW -
ExxonMobil is aiming to replicate the remarkable success it has had in Guyana, in neighboring Trinidad and Tobago, and even expects the oil and gas development to progress faster there due to T&T's established industry, deepwater ports and robust...
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Suriname emerges as third largest offshore oil investment destination in the Americas – Energy Industries Council 

OilNOW -
Suriname is fast becoming one of the top offshore oil and gas hotspots in the Americas, ranking third in projected offshore exploration and production (E&P) investments by 2030, behind only Brazil and Guyana, according to the Energy Industries Council...
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Over 130 wells drilled at Stabroek Block in over a decade – Exxon Global Exploration head 

OilNOW -
ExxonMobil has drilled more than 130 wells offshore Guyana in the decade since its first major discovery. This is according to the Vice President of Global Exploration at ExxonMobil Upstream Company, John Ardill during a Production Sharing Contract signing...
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Eight Graduate Engineers complete SBM Offshore Guyana programme, nine join new cohort

OilNOW -
Eight young Guyanese engineers have completed SBM Offshore Guyana’s Graduate Engineers’ Programme, marking the end of an intensive 18-month journey that took them across the company’s global operations. The graduates were honoured during a ceremony on August 8, where they...
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Ambipar, SBM Offshore launch robotic tank cleaning breakthrough for FPSOs

OilNOW -
Ambipar, a global leader in environmental solutions, and SBM Offshore, a key player in the ocean infrastructure sector, have jointly unveiled an advanced robotic solution for cleaning cargo oil tanks on floating production, storage, and offloading (FPSO) units, aiming...
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Latest News

NewsShikema Dey -

Guyana’s political outlook steady enough to keep investors calm – Norway group

Stability, that’s the word investors want to hear, and in Guyana, they’re likely to get it. Schreiner Parker, Partner and...

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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