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...
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...
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...
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...
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...
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...
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...
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...
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...
The Export-Import Bank of the United States (EXIM) confirmed that its Board approved a $526 million loan to Guyana in support of the country’s landmark Gas-to-Energy project.
The financing from the transaction will aid the construction of a natural gas...
