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Letter-to-the-Editor: Structured investment from the oil and gas industry needed in Guyana 

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Dear Editor, As a public communications analyst and customer service expert who regularly engages with businesses and organizations, it is my professional opinion that Guyana's booming oil and gas industry has distinguished itself from all other sectors in the country....
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Modest decline in greenhouse gas emissions from global fossil fuel operations seen in 2025 – Climate TRACE

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Climate TRACE (which tracks real-time atmospheric carbon emissions) reports that greenhouse gas (GHG) emissions for January and February 2025 have seen a slight decrease in emissions from global fossil fuel operations. According to the independent body jointly founded by a...
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Macaw-1 to kick off Suriname’s offshore exploration drive – Staatsolie 

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TotalEnergies will begin drilling the Macaw-1 exploration well in Suriname's Block 64 by mid-May 2025. According to the state-owned Staatsolie, the well is the first of five exploration wells planned offshore Suriname this year. The Macaw-1 is part of an...
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Europe to remain key market for Guyana’s crude – S&P

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S&P Global reported that Guyana anticipates supplying Europe with the majority of its increased crude oil output. The South American nation supplied an average of 286,000 barrels per day to Europe in 2024, according to S&P Global Commodities at...
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“Delay, Baby, Delay”: Oil industry to pull back as prices tumble – Wood Mackenzie

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The global oil industry is preparing to delay spending and development in response to falling crude prices and market uncertainty, according to an April 28 analysis by Wood Mackenzie. “While the US administration targets both lower prices and ‘Drill, baby,...
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Hess’ Q1 production from Stabroek Block averaged 183,000 b/d 

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Hess Corporation reported that its net production from the Stabroek Block averaged 183,000 barrels of oil per day (b/d) in the first quarter of 2025. That’s down slightly from 190,000 b/d in the same period last year, due mainly...
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Venezuela flouts World Court Order barring elections in Guyana’s Essequibo region

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Venezuela has rejected a binding order issued by the International Court of Justice (ICJ) prohibiting it from conducting elections in Guyana’s Essequibo region. This is according to a communiqué issued today and posted to Facebook by Venezuela’s Executive Vice...
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ExxonMobil posts US$7.7B in first-quarter earnings amid market pressures

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Today, ExxonMobil reported first-quarter earnings of US$7.7 billion, down from US$8.2 billion in the same period last year. The company said the decline was mainly due to weaker industry refining margins, lower crude prices, strategic divestments, and higher expenses...
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CNOOC Q1 output up 4.8% year-on-year to 188.8 million boe

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China’s CNOOC Limited reported this week that its oil and gas production rose 4.8% year-on-year to 188.8 million barrels of oil equivalent (boe) in the first quarter of 2025, underpinned by stronger domestic output. In its first quarter report released...
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bp awards contract for Ginger project to Subsea 7 and SLB OneSubsea

OilNOW -
Subsea 7 announced that the Subsea Integration Alliance (SIA) has secured the engineering, procurement, construction, and installation (EPCI) contract for bp’s Ginger project, offshore Trinidad and Tobago. The Ginger award is the first under a new global framework agreement between...
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What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat...

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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