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All-female team led the inaugural Suriname Awareness Symposium

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Three trailblazing women joined forces to pull off the first-ever Suriname Awareness Symposium (SAS). The symposium, according to the trio, showcases the power of female collaboration in shaping the future of Suriname’s energy sector and beyond. They are: Ileana Ferber ...
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EOG Resources Ltd. secures Production Sharing Contracts in TT

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The Ministry of Energy and Energy Industries (MEEI) has awarded Production Sharing Contracts (PSCs) for Blocks NCMA 4(a) and Lower Reverse L to EOG Resources Limited. The contracts were signed on January 29, by Stuart Young, the Minister responsible.  The...
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Exxon sees highest net production in over 10 years, driven by Guyana and Permian

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ExxonMobil said net production in 2024 was the highest in ten years at 4.3 million oil-equivalent barrels per day (b/d), a 16% increase (595,000 oil-equivalent b/d) from 2023.  This forms part of Exxon’s 2024 earnings report, which says the increase...
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Oil to generate 89% of Guyana’s export value in 2025

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The Guyana government projects crude oil will account for 89% of its exports in 2025, as oil continues to grow at a faster pace than other export-focused sectors. It represented 68% of exports in 2021 and has subsequently held...
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Stena Drilling secures TotalEnergies contract for Suriname well

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Stena Drilling has been awarded a contract by TotalEnergies to drill a well in Suriname, the Aberdeen-based company announced on Wednesday. The Stena Drillmax will begin operations in Suriname in the second quarter of 2025  under a one-well program, with...
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Guyana’s oil fund earned US$141 million in interest in 2024 

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Guyana’s Natural Resource Fund (NRF) earned US$141 million (GY$29.5 billion) in interest income in 2024, according to the government. This represents a 63% increase from the approximately US$87 million (GY$18.1 billion) earned in 2023.   The Fund, which holds Guyana’s revenue...
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Guyana’s hydropower project pushed to 2029, as Gas-to-Energy advances – Finance Minister

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The Amaila Falls Hydropower Project, long regarded as a flagship initiative in Guyana’s transition to clean energy, has been postponed to 2029 as the country prioritizes its Gas-to-Energy (GtE) development to address increasing power demand.  This was confirmed by the...
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Hess reports higher Q4 2024 earnings amid increased production in Guyana and Bakken

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Hess Corporation reported a net income of US$542 million, or US$1.76 per share, for the fourth quarter of 2024, up from US$413 million, or US$1.34 per share, in the same period of 2023.  On an adjusted basis, net income stood...
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SLB seeks suppliers for inspection and testing services in Guyana

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SLB, a global leader in energy technology, has issued a request for information (RFI) to identify qualified suppliers for inspection and testing services in Guyana. The company is seeking providers capable of conducting visual inspections, connection inspections, liquid penetration inspections,...
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Guyana’s PSA approach worked in its favor despite criticisms

OilNOW -
Guyana’s approach to Production Sharing Agreements (PSAs) has been a key factor in its rapid oil sector development, despite public criticism, according to Janelle Persaud, Founder of Cacique Consulting.  “The PSA framework enabled the pace of development we see today,”...
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Eight Graduate Engineers complete SBM Offshore Guyana programme, nine join new cohort

Eight young Guyanese engineers have completed SBM Offshore Guyana’s Graduate Engineers’ Programme, marking the end of an intensive 18-month...

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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