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ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

OilNOW -
ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its latest 8-K filing with the U.S. Securities and Exchange Commission (SEC) released ahead of results due August 1. The company estimates...
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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

OilNOW -
ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a recognition underpinned mainly by the company’s performance offshore Guyana. The award, announced at Wood Mackenzie’s annual Exploration Summit in Bordeaux in...
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Exxon’s deepest wells drilled in the Stabroek Block after Ranger

OilNOW -
Following the record-setting Ranger-1 well, ExxonMobil has continued to push the limits of deepwater exploration in Guyana’s Stabroek Block. Ranger-1, announced in January 2018, remains the deepest discovery in the block. It was drilled to a depth of 21,161 feet...
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Touchstone confirms hydrocarbon presence at Cascadura-5 well in Trinidad

OilNOW -
Touchstone Exploration announced on July 7 successful drilling results from its Cascadura-5 development well onshore Trinidad and Tobago. The well, located on the Ortoire block, was spud on June 4 and reached a total depth of 7,020 feet in 22...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

Işıl Güneş -
PARAMARIBO-SURINAME - Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In a historic outcome, Jennifer Geerlings-Simons was chosen to lead the Republic, becoming the first female president in Suriname’s history...
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Petronas adds Roystonea-2 to Suriname exploration campaign

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PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie said the well will “further evaluate the oil discovery made with the Roystonea-1 in November 2023”.  Roystonea-2 is part of a...
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Shell ups Manatee production forecast 10%, says Trinidad energy minister

OilNOW -
Shell has increased its gas production forecast for the Manatee project offshore Trinidad and Tobago by 10%, according to the country’s newly appointed Energy Minister, Roodal Moonilal. Speaking at a gathering of the Society of Petroleum Engineers of Trinidad and...
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Local content policies in oil-producing countries: a comparative look with focus on Suriname

Işıl Güneş -
PARAMARIBO, SURINAME - Local content policies are increasingly used by oil-producing nations to ensure that petroleum extraction generates long-term economic benefits for local populations. These policies typically require international oil companies to prioritize hiring national workers, sourcing goods and...
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Guyana Electric boosts grid reliability with specialized high-voltage training

OilNOW -
Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation practices and network reliability. Chief Executive Officer, Keon Howard shared details in an exclusive interview with OilNOW.  Howard said the training...
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Rystad Energy offers conservative forecast for Guyana’s entry into top 10 non-OPEC oil producers by 2031

OilNOW -
Guyana is forecast to become one of the top 10 non-OPEC oil producers by 2031, according to new data from Rystad Energy. The firm reported on an interactive chart via LinkedIn on July 2 that total liquids production from non-OPEC...
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GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13...

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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