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ExxonMobil achieves record 4.3 million barrels per day in 2024; the highest in over a decade

OilNOW -
ExxonMobil produced 4.3 million oil-equivalent barrels per day in 2024, the company’s highest rate in over a decade, according to its recently published annual report.  “This record production helped meet record global demand in 2024,” Chief Executive Officer Darren Woods...
Guyana's Oil Ledger

Guyana’s first quarter oil revenues top US$600 million despite lower prices

Kemol King -
Guyana’s Natural Resource Fund (NRF) recorded deposits totaling US$605.46 million (GY$126.24 billion) in the first quarter of 2025, representing earnings from the sale of seven lifts of profit oil and one quarterly royalty payment. The figure edges just above...
News

Seventy-five of 1,250 businesses registered with the Local Content Secretariat are fully women-owned

OilNOW -
As of April 10, 1,250 local companies have registered with Guyana's Local Content Secretariat, and 75 of those companies are 100% female-owned. Women's participation in the energy sector is rising, with their involvement becoming crucial as the industry expects to...
Stories Beyond the Barrel

Christina Ramroop drives bold local content action at Stena Drilling

Shikema Dey -
Christina Ramroop serves as Stena Drilling’s Administration and Local Content Officer in Guyana. Her role allows her to develop professionally while making a meaningful impact. “Stena is an equal opportunity employer, and it gives me the free will to…grow into...
News

Guyanese logistics companies teaming up to develop modern port

OilNOW -
Muneshwers Ltd. and John Fernandes Ltd. are working through their joint venture, Cranes Guyana Inc., to bring a modern port to the South American nation’s coast.  The two leading shipping and logistics companies are setting the stage for what could...
News

Noble Discoverer rig to stay offshore Colombia under extended Petrobras contract

OilNOW -
Noble Corporation has secured a 390-day contract extension from Petrobras Colombia for its Noble Discoverer semi-submersible rig. In an April 10 LinkedIn post, Noble said the extension pushes operations through to around August 14, 2026. Exxon Guyana drilling operations providing exciting...
News

Inspired by Suriname, Guyana considers bonds for local energy participation

Shikema Dey -
Guyana is weighing the use of bonds as a financing tool to deepen local participation in its growing oil and gas sector. This is according to Vice President Bharrat Jagdeo during his weekly press briefing on April 10.  The...
News

MODEC seeks laboratory partner for potable water testing in Guyana

OilNOW -
MODEC is inviting expressions of interest (EOI) for laboratory testing of potable water samples from its offshore fleet in Guyana. The company requires physical, chemical, and microbiological analyses. Testing must align with standards set by Guyana Water Incorporated (GWI). Eight Guyanese...
Exploration

ExxonMobil to appraise 2022 Barreleye discovery 

OilNOW -
ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April 6, using the Stena Carron rig, and will conclude by July 31, Guyana’s Maritime Administration Department (MARAD) said in a...
News

Bharrat: Local Content law not a shield for mediocrity or overpricing

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, has warned that the country’s Local Content law must not be misused by local companies as a cover for poor standards or inflated costs.  “The local content legislation, by no means, is protection...
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Latest News

NewsOilNOW -

‘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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