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U.S. remains dominant investor in Guyana as oil sector drives Q1 inflows – Central Bank

OilNOW -
Guyana attracted US$2.1308 billion in foreign direct investment (FDI) during the first quarter of 2025, almost entirely in its oil and gas sector, according to new data from the Bank of Guyana. The report shows that oil and gas continues...
News

CGX says Guyana government open to talks over cancelled Corentyne oil license

OilNOW -
CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in October as the Canadian company and its partner Frontera Energy seek to reverse the cancellation of the Corentyne Block license. The...
News

President Geerlings-Simons and Staatsolie management examine current operations and energy transition for Suriname

Işıl Güneş -
SURINAME, PARAMARIBO - President Jennifer Geerlings-Simons welcomed the Staatsolie management team at her office last week for a comprehensive update on the company’s current state of affairs. According to information from the President’s office, Staatsolie’s onshore and offshore drilling activities,...
News

Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

OilNOW -
Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income, and a US$215 million loss tied to the fair value of Hess shares, even as the oil major posted record...
News

First oil from ONE GUYANA set for next week – Exxon CEO

Shikema Dey -
ExxonMobil’s Chief Executive Officer, Darren Woods announced today that first oil from the ONE GUYANA floating production storage and offloading (FPSO) vessel is expected next week. The milestone will mark the start of production from the Yellowtail development, Exxon’s...
News

Exxon reports US$7.1 billion in Q2 earnings with highest second-quarter upstream production since Mobil merger

Shikema Dey -
ExxonMobil Corporation reported second-quarter 2025 earnings of US$7.1 billion, or US$1.64 per diluted share. According to its financial report released this morning, cash flow from operating activities totaled US$11.5 billion, while free cash flow stood at US$5.4 billion. Shareholder distributions...
Opinions

Letter-to-the-Editor: Economic growth and environmental sustainability can coexist in Guyana 

OilNOW -
Dear Editor, I am proud that Guyana has once again reached a remarkable milestone with the discovery of new fish species. This development comes at a time when the country’s oil sector is booming, and it serves as a testament to...
News

Suriname to outpace Guyana in 2025 exploration activity – WoodMac

OilNOW -
Suriname is set to surpass Guyana in exploration and appraisal drilling activity in 2025, according to Wood Mackenzie in the latest World Oil Regional Report on Guyana and Suriname. “In 2025, for the first time since the Liza discovery, WoodMac...
News

Strohm delivers first 13 TCP Jumpers for ExxonMobil’s Yellowtail project

OilNOW -
Strohm has completed fabrication of the first 13 thermoplastic composite pipe (TCP) jumpers for ExxonMobil’s Yellowtail development offshore Guyana. The jumpers were produced under Strohm’s Jumper on Demand model, a first for both the region and the client. The approach...
News

MODEC: Eight Guyanese trainees head to Singapore for second phase of development program

OilNOW -
Eight Guyanese nationals have completed the first phase of MODEC Guyana’s 20-month Onshore Trainee Program and are set to begin Phase Two in Singapore, according to a company press release. The release stated that the program began in February 2025,...
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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...

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