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Guyana signs US$422M transmission deal ahead of GtE project start-up  

OilNOW -
Months before the country’s Gas-to-Energy (GtE) project is set to deliver first power, Guyana has signed US$422 million in contracts. The firms awarded are Power China and Kalpataru Projects International Limited (KPIL). They are expected to complete the work...
Fuel for Thought

The PAA Series: Management Themes (Part 2)

Joanna Simmons -
Management Themes (Part 1) explored the ownership, licensing and environmental management themes and highlighted corresponding legislative provisions within the Petroleum Activities Act 17 of 2023 (PAA). In this publication, we will look at maximising access to petroleum resources. Management Theme...
News

Engineering firms invited to design Halliburton’s Suriname bulk and mud plant

OilNOW -
Halliburton Guyana Inc. has issued a Request for Information (RFI) for engineering design services. The selected supplier will design a liquid mud and bulk plant for Halliburton Suriname. The scope includes full engineering for civil design, mechanical piping, and electrical...
News

ExxonMobil projects US$900 million boost in Q1 earnings

OilNOW -
ExxonMobil expects a significant rise in first-quarter earnings, driven by higher crude oil and natural gas prices.  The company signaled in a Securities Exchange Commission (SEC) filing on April 3, published on its website, that these factors and stronger refining...
News

Panama and Netherlands top destinations for Guyana’s crude in Q1 2025

Kemol King -
Panama and the Netherlands emerged as the top destinations for Guyana’s crude oil exports in the first quarter of 2025, each receiving 14 cargoes of approximately one million barrels.  This was derived using shipping data compiled from Guyana’s Maritime Administration...
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Guyana’s oil remains profitable despite falling global prices

OilNOW -
Goldman Sachs has slashed its oil price forecasts, citing rising OPEC+ supply and recession risks. Reuters reported on April 4 that Brent crude is now forecasted to average US$69 per barrel in 2024, down 5.5%, while WTI is projected...
News

EAG Airport in Paramaribo inaugurated, strengthening regional connectivity

OilNOW -
The Eduard Alexander Gummels Airport (EAG) in Paramaribo, Suriname, was officially inaugurated on March 24, introducing new flight routes intended to enhance connectivity across the Guiana Shield. The airport will facilitate direct travel between Paramaribo, Georgetown and Cayenne, potentially...
News

Guyana to engage U.S. partners on tariffs as gold, oil exports remain exempt

Kemol King -
If Guyana has its way in talks with the United States, recently announced tariffs on Guyanese exports would be reduced from 38% to 12%, OilNOW calculated.  Guyana’s Vice President Bharrat Jagdeo said on Thursday (April 3) that his government’s trade...
News

U.S. oil imports from Guyana hit record high in 2024

OilNOW -
U.S. crude oil imports from Guyana surged to record levels in 2024, with January and February seeing the highest monthly volumes on record at 5.4 million and 6.6 million barrels, respectively.  This is according to data from the U.S....
News

bpTT’s Cypre Project delivers first gas

OilNOW -
bp Trinidad and Tobago (bpTT) confirmed on April 3 that its Cypre development has safely delivered its first gas. Cypre is one of bp’s 10 major projects scheduled to come online between 2025 and 2027 as part of its...
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Guyana records US$3 billion trade surplus in Q1 2025, driven by oil exports

Guyana posted a trade surplus of US$3.01 billion in the first quarter of 2025, driven by crude oil exports,...

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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