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CGX Berbice Port begins operations 

OilNOW -
CGX Energy has announced that the Berbice Port, managed by its subsidiary Grand Canal Industrial Estates Inc., is now fully accredited and operational. The facility began operations on Sunday, December 8, 2024, when a 90m by 25m vessel carrying...
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CGX signals move to arbitration or sole expert to resolve “disputes” with Guyana

Kemol King -
CGX Energy said on December 12 that it sent the Guyana government a letter activating a 60-day period to “amicably resolve all disputes via negotiation” pertaining to the Corentyne Block. Such a period is provided for in the Corentyne Block...
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Exxon targeting 1.7 million barrels per day in Guyana by 2030 

Shikema Dey -
ExxonMobil has announced plans to expand its operations in Guyana, projecting production capacity to reach 1.7 million barrels of oil per day by 2030. This is part of the company’s broader Corporate Plan to 2030, which aims to deliver...
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Exxon confirms Longtail could be 8th Stabroek Block development; 240,000 bpd targeted

Shikema Dey -
Once its Hammerhead development is off the ground, ExxonMobil Guyana President Alistair Routledge said the company intends to target Longtail next. Routledge confirmed this on a recent Energy Perspectives podcast.  “Even earlier this week, I think the Minister of Natural Resources,...
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Guyana third only to Qatar, Kuwait in per capita oil production last year 

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Guyana is currently the world’s third largest per capita oil producer, according to scientific publication Our World in Data (OWID). The country’s rapid ascent to this position comes just five years after ExxonMobil started crude oil production in December 2019....
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Fueled by oil boom, Guyana leads Caribbean export growth with record 77% rise – ECLAC 

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Guyana’s export value surged by a record 77% in 2024, powered by the country’s rapidly expanding oil and gas sector, according to the Economic Commission for Latin America and the Caribbean’s (ECLAC) latest trade report.  This performance secured Guyana’s position...
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Two power ships to meet growing demand as Guyana awaits Gas-to-Energy project

OilNOW -
Two Karadeniz ships are in Guyana, delivered by UCC Holdings, to produce 96 megawatts (MW) of electrical power as Guyana awaits the completion of its Gas-to-Energy project.  The vessels are meant to critically meet growing demand as local heavy fuel...
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Guyana submits final legal brief to ICJ in boundary case with Venezuela

OilNOW -
Guyana has submitted its final written arguments to the International Court of Justice (ICJ) in its ongoing boundary case with Venezuela, the Ministry of Foreign Affairs and International Cooperation announced on December 9. The case centers on the 1899 Arbitral...
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Touchstone Exploration announces US$23 million 2025 capital budget, strategic growth plans

OilNOW -
Touchstone Exploration Inc. has announced its preliminary 2025 capital budget and financial guidance, focused on expanding production and optimizing its Cascadura assets. “We aim to fully leverage the extensive infrastructure and flowline installations completed in 2024 to unlock the field's...
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Halliburton Guyana seeks on-call paramedic services

OilNOW -
Halliburton is seeking proposals for on-call paramedic services at its Guyana facilities. These include the Eccles base, Liquid Mud Plant, and staff housing. The provider must deliver these services while operating offsite, ensuring immediate response capability when required. Halliburton reports US$709...
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Guyana Oil & Gas: What to look forward to in 2025

Every year with Guyana's oil and gas sector seems more monumental than the next. Lots of watershed moments are...

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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