News

News

Guyana seeks operator for NGL plant, extends phase 2 bid deadline to March

OilNOW -
The Guyana government is seeking proposals for critical components of its landmark Gas-to-Energy project, which will utilize natural gas from the ExxonMobil-operated Stabroek Block. The Office of the Prime Minister has issued a request for proposals (RFP) from firms to...
News

Guyanese group launches first phase of world-class Port of Vreed-en-Hoop 

OilNOW -
The first phase of a world-class offshore support and fabrication facility called the Port of Vreed-en-Hoop was launched Saturday at Plantation Best, West Bank Demerara.  A ceremony attended by over 300 people took place at the facility, situated on 400...
News

Halliburton reports US$615M Q4 net income, highlighting strong free cash flow

OilNOW -
Halliburton reported a net income of US$615 million, or US$0.70 per diluted share, for the fourth quarter (Q4) of 2024, up from US$571 million, or US$0.65 per diluted share, in the third quarter.  Fourth-quarter revenue was US$5.6 billion, slightly down...
News

TGS and Petrobras launch advanced imaging centers for Brazil’s offshore oil basins

OilNOW -
TGS, a global leader in energy data and intelligence, has launched advanced imaging centers in collaboration with Petrobras, Brazil’s state energy giant, to enhance Ocean Bottom Node (OBN) and 4D imaging capabilities for the Campos and Santos basins. The centers,...
News

World’s first offshore safety technology deployed in Guyana

OilNOW -
Salunda and Intellilift have achieved a milestone in offshore safety, installing the first real-time digital interface between wearable sensors, drilling controls, and moving machinery on four drilling rigs in Guyana. Salunda’s Red Zone monitoring solutions were integrated with Intellilift’s digital...
News

Guyana’s oil output to expand in 2025 amid forecast of lower prices

OilNOW -
The Guyana government projects an increase in the rate of crude oil production offshore from 616,000 barrels per day (b/d) in 2024 to 674,000 b/d this year. The projected increase will mainly be due to the start-up of ExxonMobil’s...
News

TT Energy Chamber calls for increased exploration drilling to sustain oil and gas industry

OilNOW -
The Trinidad and Tobago Energy Chamber has called for a boost in exploration drilling to sustain the country’s oil and gas industry.  In a recent press release, the Chamber emphasized that while seismic surveys and geological studies provide strong indicators...
News

Demerara River bridge project costs US$318 million

OilNOW -
The Guyana government estimates that the cost of the new Demerara River bridge will be about US$318 million (GY$66.3 billion), according to this year’s budget documents. This includes the cost to build the bridge, pay consultants, and construct the road...
News

Westwood’s post-2025 energy investments spotlight Guyana’s Stabroek Block potential

OilNOW -
Beyond 2025, Guyana's Stabroek Block, operated by ExxonMobil, is set to remain a focal point for energy investments, according to a new report by Westwood Global Energy Insights. Guyana joins other major opportunities, including Brazil’s pre-salt basin, deepwater Namibia, and...
News

CNOOC targets record growth, green innovation in 2025 plan

OilNOW -
CNOOC Limited has announced its 2025 Business Strategy and Development Plan, targeting continued growth and high-quality development. CNOOC’s Guyana subsidiary – CNOOC Petroleum Guyana Limited – holds a 25% working interest in the offshore Stabroek Block, alongside ExxonMobil and...
123...952Page 2 of 952

Latest News

NewsOilNOW -

Guyana’s oil fund earned US$141 million in interest in 2024 

Guyana’s Natural Resource Fund (NRF) earned US$141 million (GY$29.5 billion) in interest income in 2024, according to the government....

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.

Quick Access

Company Info

Social Networks