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Guyana Oil & Gas: What to look forward to in 2025

Kemol King -
Every year, Guyana's oil and gas sector seems more monumental than the last. Lots of watershed moments are expected in 2025. Guyana will take its place as the world's largest per capita producer of crude oil. Here’s what to look...
Exploration

Noble Developer to drill three wells offshore Suriname

OilNOW -
Noble Corporation announced on Monday that it has entered an agreement with PETRONAS Suriname E&P B.V. for the high-specification semisubmersible rig Noble Developer to drill three wells offshore the South American country. Noble said the contract is expected to commence...
News

OilNOW’s top stories of 2024

OilNOW -
There has been incredible progress in Guyana and the region on multiple fronts. Here are the top stories from OilNOW this year, based on readership. January: Engineer students from University of Guyana being absorbed by oil companies even before graduation...
Guyana's Oil Ledger

Stabroek Block’s 2024 production exceeded 200 million barrels in November

Kemol King -
ExxonMobil Guyana sustained stable production at its Stabroek Block projects in November 2024, accumulating 205 million barrels since the year began, at an average rate of 612,000 barrels per day (b/d). The barrels are shared between Exxon, Hess, CNOOC...
News

With 600+ homicides and counting, Trinidad declares state of emergency

OilNOW -
Trinidad President Christine Carla Kangaloo declared a state of emergency, the government announced Monday morning. The twin-island nation is grappling with a crisis of violent crime, marked by an increase in homicides. Energy Minister Stuart Young said on December 30...
News

ExxonMobil’s Guyana oil ventures: A roadmap to 1.7 million b/d

OilNOW -
With more than 30 discoveries made offshore Guyana, ExxonMobil has a line of sight for the addition of eight floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production reach 1.7...
News

A guide to Guyana’s Gas-to-Energy project

Kemol King -
Entering the commissioning year of the Gas-to-Energy project, here is an updated breakdown of the basics - parameters, costs, timelines, and other key information. What is the Gas-to-Energy project?  The Gas-to-Energy project is purposed to establish infrastructure so natural gas can...
News

SWS signs contract for sixth FPSO hull with SBM Offshore

OilNOW -
Shanghai Waigaoqiao Shipbuilding (SWS) has signed a contract with SBM Offshore to construct the hull of a sixth 2.3 million-barrel floating production, storage, and offloading (FPSO) unit.  The agreement was finalized on December 20. SBM Offshore completes US$1.5 billion financing for...
News

ExxonMobil begins maintenance on Liza Destiny FPSO 

OilNOW -
ExxonMobil commenced maintenance on the Liza Destiny floating, production, storage and offloading vessel (FPSO) within Guyana's Stabroek Block on December 20, 2024.  According to a notice from the Maritime Administration Department (MARAD), the activities are expected to conclude by December...
News

DSIC launches Errea Wittu FPSO for ExxonMobil’s Stabroek Block

OilNOW -
Chinese contractor Dalian Shipbuilding Industry Company (DSIC) has launched the Errea Wittu floating production, storage, and offloading (FPSO) vessel, Upstream Online said on Dec. 26.  It is the fifth FPSO designed for ExxonMobil’s Stabroek Block offshore Guyana. Errea Wittu FPSO hull...
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CGX down US$56.4 million; Executive Director Suresh Narine resigns

CGX Energy Inc. has reported a US$56.4 million impairment loss on its Corentyne Block assets for the second quarter...

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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