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Trinidad’s National Gas Company records TT$1.6 billion profit, helped by price rebound

OilNOW -
Amidst an aggressive push by State authorities to maximise earnings from its gas resources, the National Gas Company of Trinidad and Tobago (NGC) was pleased to disclose on Wednesday that it recorded a profit of TT$1.6 billion, together with...
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Guyana seeks consultant to review development plan for Exxon’s giant Uaru project

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The Government of Guyana issued on Wednesday, a request for Expressions of Interests (EOI) from suitable consulting firms to review the Uaru Field Development Plan (FDP) to be prepared by ExxonMobil affiliate and Stabroek Block operator, Esso Exploration and Production Guyana...
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Oil revenues could see Guyana public debt-to-GDP ratio plummeting to historic 13.5% – IMF

OilNOW -
Though Guyana is poised to produce over 800,000 barrels of oil from its four sanctioned projects, the Government has been prudent in guarding against wild spending and borrowing against the resources to come. And the International Monetary Fund (IMF) was...
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Barbados offshore auction delayed to December 2022

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Minister of State in Foreign Trade and Business for Barbados, Sandra Husbands, said the government announced that its 2022 offshore licensing round will be launched on December 1, 2022. This represents a delay of one month, after previous information from the Ministry...
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Keppel bags US$2.8 billion deal to build new FPSO for Petrobras

OilNOW -
Keppel Shipyard copped a US$2.8 billion deal from Brazil’s state-owned Petrobras for the engineering, procurement, and construction (EPC) of a new floating oil platform – P-83. Scheduled for delivery in H1 2027, the P-83 is a repeat order of the...
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Guyana will produce over 93 million barrels of oil this year as growth in sector surpasses 100% – IMF

Shikema Dey -
Guyana’s oil sector has been on an upward trajectory since production began in 2019 from ExxonMobil’s Liza Phase 1 development. And now, the International Monetary Fund (IMF) sees the country’s oil sector gross domestic product (GPD) growing over 100%...
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Demand for shore base capacity in Guyana to skyrocket with 10 FPSOs in play

OilNOW -
The demand for shore base support services is set to grow tenfold as Stabroek Block operator ExxonMobil eyes at least 10 floating oil platforms offshore Guyana around the end of the decade. Exxon is forging ahead with its exploration and...
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Guyana to beef up port security as oil bounty drives up marine traffic

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Since oil production began in 2019, Guyana’s marine traffic has increased exponentially, and its Maritime Administration (MARAD) is working to ensure that security at the ports is strengthened. MARAD has turned to Chile through its Ambassador to Guyana, Juan Manuel...
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Exxon’s biggest discoveries in Guyana to date

OilNOW -
ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit pay in 2015 after making its first discovery at Liza 1. It is now 2022 and the company has made 33...
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T&T announces plans to review fiscal regime, make investments more favourable to oil companies

OilNOW -
Trinidad and Tobago’s National Budget, which was presented on Monday by Minister of Finance, Colm Imbert, contained new measures to help revive the country’s oil and gas sector. An impending major development is a review of T&T’s fiscal regime to...
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TechnipFMC reports strong Q3 2025 results driven by subsea growth

TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025. Net...

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