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Permian leads U.S. crude output growth in 2024; exports reach 4.1 million barrels per day 

OilNOW -
U.S. crude oil production rose 2% in 2024, reaching an annual average of 13.2 million barrels per day (b/d), according to the U.S. Energy Information Administration (EIA), setting a new high even as export growth slowed. The increase of...
News

Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

OilNOW -
Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy consultants Wood Mackenzie (WoodMac). The firm’s global project tracker shows 28 developments targeting Final Investment Decisions (FIDs) in 2025, and...
Oil Law 101

The PAA Series: Management Themes (Part 3)

Joanna Simmons -
In Management Themes (Part 2), we saw that access to Guyana’s petroleum resources is primarily done through the conduct and regulation of petroleum operations. We also saw that petroleum operations, as defined in the PAA, cover a wide range...
News

Letter-to-the-Editor: Women are making commendable strides in the oil and gas industry

OilNOW -
Dear Editor, It is with immense pride—and a touch of disbelief—that I write this letter as a reminder to myself and to other women that anything is possible. Just a few days ago, I came across an article that stated 75%...
Opinions

Letter-to-the-Editor: The oil and gas sector is investing in the success of our younger generation

OilNOW -
Dear Editor, I read recently that 20 Guyanese cadets were awarded the Noble Marine scholarship, a program aimed at strengthening Guyana’s maritime workforce. Like many Guyanese who were introduced to the now booming oil and gas sector, I was a bit...
News

Atlas Professionals wins crew management deal for Noble’s Suriname Drilling campaign

OilNOW -
Atlas Professionals has secured a Crew Management contract from Noble Corporation for an offshore drilling campaign in Suriname, the company said on April 17.  The contract supports operations for the Noble Developer and extends a 15-year working relationship between the...
News

ONE GUYANA FPSO will support Guyana’s growing energy sector – First Lady Arya Ali 

OilNOW -
A voyage of over 11,000 nautical miles (20,000 kilometers) concluded for the ONE GUYANA floating, production, storage and offloading (FPSO) vessel.  The vessel departed Singapore 60 days ago, arriving in Guyana on schedule.  First Lady of Guyana, Arya Ali was...
News

World’s largest EV brand now in Guyana, adding momentum to vehicle transition

OilNOW -
The world’s largest electric vehicle (EV) manufacturer, BYD, has officially entered the Guyanese market through GT Automotive, a move that could catalyze quicker EV uptake. GT Automotive is Guyana’s exclusive dealer for BYD, offering five of the Chinese automaker’s most...
News

DOF caps 2024 with US$2B in contracts and high fleet utilisation

OilNOW -
DOF Subsea reported a record performance in 2024, driven by strong market activity across all regions. The Group said it achieved 88% fleet utilisation, supported by a robust backlog at the start of the year and strong operational execution. According...
News

Guyana rejects China’s border controversy comments, points out silence on Venezuela’s election plans 

OilNOW -
The Government of Guyana has addressed a recent call from China’s Embassy in Georgetown for Guyana and Venezuela to resolve their decades-old border controversy in a friendly manner. “The Ministry of Foreign Affairs and International Cooperation rejects the statements made...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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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