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Guyanese shipping rivals merge to modernize port industry with US$14 million mobile cranes 

OilNOW -
Guyana’s shipping industry has taken a major leap forward with the introduction of mobile harbor cranes, allowing gearless vessels to dock and be serviced efficiently for the first time. The initiative is led by Cranes Guyana Inc., a new...
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World’s fastest growing economy to showcase investment-ready sectors at OTC 2025

OilNOW -
The Georgetown Chamber of Commerce & Industry (GCCI) is set to lead a broad delegation to the Offshore Technology Conference (OTC) 2025, taking place from May 5–8 at NRG Stadium in Houston, Texas. The delegation includes corporate partners, Brava and...
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Exxon to target Hamlet-1 well in search of oil play in southeastern portion of Stabroek Block

Shikema Dey -
ExxonMobil is set to drill the Hamlet-1 exploration well this year as it pushes deeper into the southeastern part of the prolific Stabroek Block in search of a new oil play.  That portion - near the Suriname border - has...
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Payara production hits 100 million barrels – Exxon

OilNOW -
ExxonMobil Guyana’s Payara development surpassed 100 million barrels this week, the company announced via LinkedIn.  “The Payara project started up just 15 months ago – it’s our third Guyana production project. Later this year, we look forward to starting up...
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SBM Offshore looking at early start for local capacity development in Suriname  

Shikema Dey -
SBM Offshore is working to lay the foundation for capacity building and local content development in Suriname as it looks towards delivering the first FPSO for TotalEnergies' Gran Morgu project, set to begin production in 2028. Pierre Gaté, Country...
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Invest in the Staatsolie-Bonds 2025-2033. Here’s how 

OilNOW -
Staatsolie Maatschappij Suriname N.V. has issued new bonds aimed at raising at least US$250 million and €50 million to fund its involvement in the development of the GranMorgu offshore oil field. De Surinaamsche Bank (DSB) is the lead arranger...
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Application for 8th project, impact assessment for 7th submitted – Routledge 

OilNOW -
Plans are moving forward for ExxonMobil's seventh and eight developments offshore Guyana. A draft Environmental Impact Assessment (EIA) report for Hammerhead has been submitted and the application for Longtail is now under review. This is according to President of...
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ExxonMobil’s Liza 2, Payara projects could each boost output to 265,000 b/d – Routledge

OilNOW -
ExxonMobil’s Liza 2 and Payara projects in Guyana could each produce up to 265,000 barrels per day (b/d) once government regulators approve the proposed production increases. The two projects currently have demonstrated production capacity of 250,000 b/d each. ExxonMobil Guyana...
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Stena DrillMAX to begin drilling at Suriname’s Macaw-1 well in Q2

OilNOW -
TotalEnergies recently announced that the Stena DrillMAX will soon head to Suriname’s Block 64 to drill the Macaw-1 prospect.  The 6th generation harsh environment dual-activity dynamically positioned (DP3) drillship is currently in Curaçao for maintenance. The vessel is equipped with...
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Guyana to reach nearly half of Trinidad’s gas output by 2030

OilNOW -
By 2030, Guyana is projected to produce approximately 1.125 billion cubic feet per day (bcf/d) of natural gas, which is 45% of Trinidad and Tobago’s current gas production of 2.51 bcf/d.  This marks a shift in regional energy dynamics, as...
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ExxonMobil’s Yellowtail startup strengthens upstream edge – Zacks Investment Research

Chicago-based firm, Zacks Investment Research, known for its independent investment analysis and the Zacks Rank system, has highlighted Exxon...

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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