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Trinidad’s 2024 gas output averages 2.537 bscf/d – Energy Ministry 

OilNOW -
Trinidad and Tobago produced an average of 2.537 billion standard cubic feet of natural gas per day (bscf/d) in 2024, according to full-year data released by the Ministry of Energy and Energy Industries, with output rebounding in the second...
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Guyana on course to hit almost 1 million barrels of oil per day as 4th FPSO arrives 

Shikema Dey -
The start-up of ExxonMobil’s Yellowtail Development in the Stabroek Block draws near as the ONE GUYANA floating production, storage and offloading vessel (FPSO) officially arrived in country today.  On the vessel’s arrival, Minister of Natural Resources, Vickram Bharrat, shared, “The...
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Guyana gov’t working with U.S. firm on port that will support second gas project

OilNOW -
International engineering giant Bechtel is working closely with the Government of Guyana to develop a deep-water port in Berbice, Region Rix (East Berbice-Corentyne). This is according to President of the South American country, Dr. Mohamed Irfaan Ali.  The facility is...
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Cranes Guyana Inc. to develop US$285M port in Berbice – President Ali 

OilNOW -
Muneshwers Limited and John Fernandes Limited, through its joint venture Cranes Guyana Inc., will invest over US$285 million for a modern port facility in Berbice. The project, which was first announced during this year’s Local Content Summit, is expected to...
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Chevron returns oil to Venezuela ahead of U.S. sanctions deadline

OilNOW -
Venezuelan state oil firm Petroleos de Venezuela SA (PDVSA) has ordered Chevron Corporation to return nearly one million barrels of oil, amid payment uncertainty related to U.S. sanctions.  Reuters - citing shipping data and sources - reported on April 14...
News

Hess maintains potential for up to 10 FPSOs offshore Guyana

OilNOW -
Hess Corporation said in its 2024 annual report that potential remains for up to 10 floating, production, storage and offloading vessels (FPSOs) offshore Guyana, as operator ExxonMobil progresses with a multi-phased development plan in the South American nation. To date,...
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Second gas project to power Guyana’s first AI data center 

OilNOW -
Guyana’s first Artificial Intelligence (AI) Data Center will be built in Berbice, powered by energy from the country’s second gas development project, President Dr. Irfaan Ali announced on April 12. A second natural gas pipeline will be built to land...
News

ExxonMobil achieves record 4.3 million barrels per day in 2024; the highest in over a decade

OilNOW -
ExxonMobil produced 4.3 million oil-equivalent barrels per day in 2024, the company’s highest rate in over a decade, according to its recently published annual report.  “This record production helped meet record global demand in 2024,” Chief Executive Officer Darren Woods...
Guyana's Oil Ledger

Guyana’s first quarter oil revenues top US$600 million despite lower prices

Kemol King -
Guyana’s Natural Resource Fund (NRF) recorded deposits totaling US$605.46 million (GY$126.24 billion) in the first quarter of 2025, representing earnings from the sale of seven lifts of profit oil and one quarterly royalty payment. The figure edges just above...
News

Seventy-five of 1,250 businesses registered with the Local Content Secretariat are fully women-owned

OilNOW -
As of April 10, 1,250 local companies have registered with Guyana's Local Content Secretariat, and 75 of those companies are 100% female-owned. Women's participation in the energy sector is rising, with their involvement becoming crucial as the industry expects to...
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SBM sponsors international trips, science equipment for winners of Guyana mousetrap competition

SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving...

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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