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Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

OilNOW -
Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company reported total revenue of US$735 million, slightly up from US$722 million in 2023. This is the third consecutive year Staatsolie’s contribution...
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ABS grants approval to SBM Offshore’s low-carbon NearZero FPSO design

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SBM Offshore announced on May 7, it has received approval in principle from the American Bureau of Shipping (ABS) for its NearZero floating production, storage and offloading (FPSO) concept. The design features a range of low-carbon technologies aimed at slashing...
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Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

OilNOW -
Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI acquiring a 51% majority stake in ISS Guyana.  According to a statement from SGI, the partnership aligns with Guyana’s local content...
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ExxonMobil Guyana launches drone surveillance along Gas-to-Energy pipeline route

OilNOW -
ExxonMobil Guyana announced the start of drone surveillance along the Gas-to-Energy (GTE) pipeline right-of-way (RoW), which runs from Nouvelle Flanders on the West Coast Demerara to Reynstein on the West Bank Demerara. On Tuesday, the company announced on Facebook that...
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Now that Dragon’s ‘dead’, TT eyes other sources to fill gas gap 

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Countries like Guyana, Grenada and Suriname are on Trinidad and Tobago’s radar to fill the gap after the Trump administration killed its Dragon gas deal with Venezuela.  Newly installed Prime Minister, Kalama Persad declared the deal “dead” fresh off swearing...
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Guyana Pavilion opens to thousands at world’s largest oil and gas conference in Texas 

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The Guyana Pavilion officially opened Monday at the 2025 Offshore Technology Conference (OTC), taking place at NRG Park in Houston, Texas, where thousands of global energy professionals have gathered to explore the latest innovations in offshore development. The Offshore Technology...
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Oil prices declined due to concerns about future economic growth – U.S. Energy Information Administration 

OilNOW -
Concerns regarding economic growth have placed oil prices on a downward trajectory, as slower economic activity typically leads to reduced demand for petroleum products. Preliminary estimates from the United States (U.S.) Energy Information Administration (EIA) indicates that global petroleum...
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Caiman-1 and Kiskadee-1 to test ‘Golden Lane’ potential in Suriname’s Block 52

Shikema Dey -
Staatsolie has announced that two key exploration wells - Caiman-1 and Kiskadee-1 - will be drilled in Suriname’s Block 52 during the second half of 2025. PETRONAS is the operator of the block.  “These wells will test prospects within the...
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SBM Offshore Guyana and VMFA inspire young female athletes at Kickin’ Conversations 2025

OilNOW -
SBM Offshore Guyana, in collaboration with the Vurlon Mills Football Academy (VMFA), successfully hosted its second ‘Kickin’ Conversations’ empowerment activity last April 23 at Park Rayne. With over 60 young female athletes and their coaches in attendance, the event provided...
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Modest decline in greenhouse gas emissions from global fossil fuel operations seen in 2025 – Climate TRACE

OilNOW -
Climate TRACE (which tracks real-time atmospheric carbon emissions) reports that greenhouse gas (GHG) emissions for January and February 2025 have seen a slight decrease in emissions from global fossil fuel operations. According to the independent body jointly founded by a...
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Guyana’s AFC party promises transparency, amended contracts in oil sector if it wins elections

Guyana’s Alliance for Change (AFC) political party is promising oil and gas transparency reforms and a review of existing...

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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