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Topside fabrication advances for Jaguar FPSO; GranMorgu work to start in second half of 2025, SBM says

OilNOW -
Topside module fabrication for the Jaguar floating production, storage and offloading vessel (FPSO) is progressing as planned, SBM Offshore said on Thursday, while similar fabrication for the GranMorgu FPSO is expected to begin in the second half of 2025. Both...
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Guyana continues to build investment bridges in the Caribbean as oil revenues drive regional integration

OilNOW -
As Guyana’s oil production continues to ramp up, so will development and investment opportunities for both local and international players in the business sector. This is according to Dr. Peter Ramsaroop, Chief Investment Officer and CEO of the Guyana...
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President Santokhi launches oil royalty program for all citizens 

OilNOW -
Paramaribo – May 18, 2025: President Chandrikapersad Santokhi officially launched the ‘Royalty’s Voor Iedereen’ (RVI) program last week, marking a “historic step” in sharing Suriname’s future oil wealth directly with its people.  The program ensures that every Surinamese citizen born...
Guyana's Oil Ledger

Guyana got US$900 million from oil in first four months of 2025

Kemol King -
Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of the end of April, Bank of Guyana reports show, reflecting continued robust inflows from the ExxonMobil-operated Stabroek Block. According to the...
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SBM Offshore’s animated videos win praise from Guyana’s health minister for tackling youth mental health stigma

OilNOW -
Animated videos developed by SBM Offshore Guyana to tackle stigma around mental illness among children and adolescents could be a vital tool in improving public understanding of mental health, Health Minister Dr. Frank Anthony said on Tuesday. Speaking at the...
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Guyana Parliament passes Oil Spill Bill to boost environmental protection as production ramps up

OilNOW -
In a move that government officials say is vital as oil production surges, Guyana’s National Assembly passed sweeping new legislation on Friday to enhance the country’s ability to prevent and respond to oil spills.  The Oil Pollution Prevention, Preparedness, Response...
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Halliburton delivers first Namibia wells using local infrastructure in partnership with Rhino Resources

OilNOW -
Halliburton and Rhino Resources have announced the successful delivery of two exploration wells on Block 2914 within Petroleum Exploration License (PEL) 85 offshore Namibia. Halliburton’s integrated services and collaborative approach were key to Rhino’s success as the block’s operator. These...
News

Exxon and the Liza legacy: A decade of oil development in Guyana

Shikema Dey -
Liza was the biggest, best prospect in a basin with zero discoveries. It kicked into gear the development of what is now known as one of the world’s prolific deepwater assets, the Stabroek Block. It is now 10 years...
News

“Ten years is only the beginning” – ExxonMobil’s Hunter Farris reflects on Guyana’s rise as an energy superpower

OilNOW -
“Ten years is only the beginning.” That’s how Hunter Farris, Senior Vice President for Deepwater at ExxonMobil Upstream Company, summed up the extraordinary transformation of Guyana’s oil and gas industry, as the company marks the 10th anniversary of its...
News

Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

OilNOW -
Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu development in Block 58. The loan agreement was finalized on Wednesday, May 14, with a consortium of 18 international, regional, and...
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400 Guyanese supporting Noble’s offshore operations 

Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According...

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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