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Joe Douglas Jack Up returns to TT for bp’s new drill campaign

OilNOW -
The Joe Douglas Jack Up rig has returned to Trinidad and Tobago for bp Trinidad and Tobago’s (bpTT) new round of drilling next month. According to bp, the drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas, headed to its Mango drilling site – situated...
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Guyana’s oil fund balloons to US$949.9 million

OilNOW -
Guyana’s Central Bank reported in its monthly financial statement for the Natural Resource Fund (NRF) that deposits have now ballooned to a whopping US$949,949,037.75. or GY$198,064,374,000. At the end of August, no royalties were collected. There were also no withdrawals....
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Guyana condemns ‘harassment’ of Guyanese fisherfolks by Suriname authorities

OilNOW -
Guyana on Monday condemned the treatment of Guyanese fisherfolk by Suriname authorities and urged its Dutch-speaking neighbour to uphold a commitment it had made to issue fishing licenses to them. In a strongly worded statement, the government reminded that Suriname...
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Guyana expects 1 million bpd output by 2029; Exxon could get there sooner

OilNOW -
Guyana’s Ministry of Finance in its 2022 mid-year report said oil production is expected to surpass one million barrels per day by 2029 at the ExxonMobil-operated Stabroek Block. But based on the pace of project approvals, this is likely to...
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Kaieteur Block partner, Cataleya Energy initiates free training for Guyanese to support economic diversification

OilNOW -
Cataleya Energy Limited, a locally owned and controlled partner in the Kaieteur Block, has initiated a free six-month training course for Guyanese, all in an effort to support President Dr. Mohamed Irfaan Ali’s push for a diversified economy. Speaking with OilNOW, Co-Founder & Director of...
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“Utter nonsense” – Jagdeo on claims Guyana can monitor oil costs in ‘real time’

OilNOW -
Claims have been made that Guyana can conduct ‘real time’ monitoring of costs incurred by ExxonMobil for its offshore Stabroek Block operations. The country's Vice President Dr. Bharrat Jagdeo dismissed these last Friday, explaining that such a system does...
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Shell, Malaysia NOC undertake renewable-powered Rosmari-Marjoram gas project

OilNOW -
Shell said Monday that its subsidiary, Sarawak Shell Berhad (SSB), made an investment decision to develop the Rosmari-Marjoram gas project. As operator for the project, Shell’s 80% stake is joined with a 20% stake held by PETRONAS Carigali Sdn Bhd, the...
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Exxon’s 5th Guyana project targeting 3 of the world’s largest discoveries, totaling 1.3 billion barrels

Kemol King -
ExxonMobil’s Uaru development is targeting approximately 1.319 billion barrels of oil, making it the largest project the company will be undertaking to date at the Stabroek Block offshore Guyana. The projects already approved and sanctioned offshore the South American country...
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With close to US$2M invested, Qualco Guyana pushing industry-standard training for locals

Shikema Dey -
Qualco Guyana was established in 2019 on the wave of massive discoveries being made offshore the South American country at the ExxonMobil-operated Stabroek Block. Although its operations were impacted by the COVID-19 pandemic just a year later, activities have...
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Oil jumps by more than $2 ahead of OPEC+ meeting

OilNOW -
(Reuters) - Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures advanced by...
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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...

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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