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ExxonMobil supports ECONOME conference founded by 27-year-old economics firebrand

OilNOW -
ExxonMobil Guyana is now a gold sponsor for the 2025 edition of ECONOME, a business conference and mixer founded by Matthew Gaul, a 27-year-old business enthusiast on a mission to boost education and opportunities.  Gaul said, “ support sends a...
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OTC panel hones in on Guyana private sector growth as oil output hits 668,000 b/d

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Guyana’s economic rise and the growing role of its private sector were the focus of a panel discussion at the Offshore Technology Conference (OTC) on May 7. The South American nation took the spotlight in the ‘Around the World...
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Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

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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

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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 

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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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ExxonMobil’s Yellowtail startup strengthens upstream edge – Zacks Investment Research

Chicago-based firm, Zacks Investment Research, known for its independent investment analysis and the Zacks Rank system, has highlighted Exxon...

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