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CGX Berbice Port begins operations 

OilNOW -
CGX Energy has announced that the Berbice Port, managed by its subsidiary Grand Canal Industrial Estates Inc., is now fully accredited and operational. The facility began operations on Sunday, December 8, 2024, when a 90m by 25m vessel carrying...
News

CGX signals move to arbitration or sole expert to resolve “disputes” with Guyana

Kemol King -
CGX Energy said on December 12 that it sent the Guyana government a letter activating a 60-day period to “amicably resolve all disputes via negotiation” pertaining to the Corentyne Block. Such a period is provided for in the Corentyne Block...
News

Exxon targeting 1.7 million barrels per day in Guyana by 2030 

Shikema Dey -
ExxonMobil has announced plans to expand its operations in Guyana, projecting production capacity to reach 1.7 million barrels of oil per day by 2030. This is part of the company’s broader Corporate Plan to 2030, which aims to deliver...
News

Guyana third only to Qatar, Kuwait in per capita oil production last year 

OilNOW -
Guyana is currently the world’s third largest per capita oil producer, according to scientific publication Our World in Data (OWID). The country’s rapid ascent to this position comes just five years after ExxonMobil started crude oil production in December 2019....
News

Fueled by oil boom, Guyana leads Caribbean export growth with record 77% rise – ECLAC 

OilNOW -
Guyana’s export value surged by a record 77% in 2024, powered by the country’s rapidly expanding oil and gas sector, according to the Economic Commission for Latin America and the Caribbean’s (ECLAC) latest trade report.  This performance secured Guyana’s position...
News

Two power ships to meet growing demand as Guyana awaits Gas-to-Energy project

OilNOW -
Two Karadeniz ships are in Guyana, delivered by UCC Holdings, to produce 96 megawatts (MW) of electrical power as Guyana awaits the completion of its Gas-to-Energy project.  The vessels are meant to critically meet growing demand as local heavy fuel...
Stories Beyond the Barrel

Guyanese duo traveling to Singapore for return journey on ONE GUYANA FPSO

OilNOW -
Two Guyanese, Nevon Arno and Bevon Craig, are preparing to travel to Singapore to ready Newrest Guyana’s team for its journey on the ONE GUYANA floating production, storage and offloading (FPSO) vessel to the Stabroek Block. Nevon Arno, a...
News

Guyana submits final legal brief to ICJ in boundary case with Venezuela

OilNOW -
Guyana has submitted its final written arguments to the International Court of Justice (ICJ) in its ongoing boundary case with Venezuela, the Ministry of Foreign Affairs and International Cooperation announced on December 9. The case centers on the 1899 Arbitral...
News

Touchstone Exploration announces US$23 million 2025 capital budget, strategic growth plans

OilNOW -
Touchstone Exploration Inc. has announced its preliminary 2025 capital budget and financial guidance, focused on expanding production and optimizing its Cascadura assets. “We aim to fully leverage the extensive infrastructure and flowline installations completed in 2024 to unlock the field's...
News

Halliburton Guyana seeks on-call paramedic services

OilNOW -
Halliburton is seeking proposals for on-call paramedic services at its Guyana facilities. These include the Eccles base, Liquid Mud Plant, and staff housing. The provider must deliver these services while operating offsite, ensuring immediate response capability when required. Halliburton reports US$709...
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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the...

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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