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Record 31 discoveries made offshore Guyana since 2015

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After encountering 45 dry holes over a period of 50 years, Guyana’s oil story has dramatically changed in just 7 years with the South American country hitting 31 discoveries offshore since 2015, most of which have been commercial finds...
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Oil & Gas compensation packages putting upward pressure on other sectors to remain competitive – PWC Guyana

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The growth of the oil and gas sector in Guyana is quickly becoming a beacon for competitiveness when it comes to compensation for workers, as it contributes to the country’s gross domestic production (GDP) in larger share, year after...
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Rich countries continue to approve new oil and gas projects despite climate concerns

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The latest report from the Intergovernmental Panel on Climate Change (IPCC) released last week says it’s “now or never” for governments to start staving off emissions to save the planet from irreversible climate disaster. Rich countries seem to be...
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Exxon targeting 2.6 billion barrels of oil at four Guyana projects

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Guyana has so far approved a total of four offshore developments at the ExxonMobil-operated Stabroek Block, that when combined, will be targeting just over 25 percent of the 10 billion oil equivalent barrels found so far since 2015. The projects...
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Yellowtail Permit armed with most superior provisions for insurance, oil spill prevention/management – EPA officials

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When compared to the other permits issued for the Liza Phase 1, 2 and Payara Projects in the Stabroek Block, the Yellowtail Environment Permit is armed with the most superior provisions for insurance and oil spill prevention and management. Making...
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Oil tumbles over China’s COVID-19 surge, reserve release

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(S&P Global Platts) Crude oil futures tumbled in mid-morning trade in Asia April 11 due to growing concerns over China's battle against a COVID-19 surge and the oil reserve release from consuming nations. At 10:21 am Singapore time (0221 GMT),...
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ExxonMobil Guyana has invested nearly GY$200M in cricket, other sport

OilNOW -
ExxonMobil Guyana has provided close to GY$200 million to the advancement of cricket and other sport in the South American country over the years and is gearing up to once again support the upcoming Caribbean Premier League (CPL). The company...
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Breakthrough discoveries off Namibia coast mirror Guyana basin oil play – Westwood

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Royal Dutch Shell and TotalEnergies have made two breakthrough discoveries offshore Namibia, which suggest a play like the Guyana-Suriname basin, according to Westwood Global Energy Group. On February 4, Shell made the first one, a light oil discovery, assumed to...
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Gas fired plants could become net-zero electricity producers if CCS costs go down – World Bank

OilNOW -
The Latin America and Caribbean (LAC) region has vast natural gas reserves to tap into for electricity generation. The resource is being eyed in Guyana and abroad to help secure countries’ energy transitions. While some remain wary of new...
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Local content doesn’t mean automatic benefits, Guyanese must become competitive, says economic specialist

OilNOW -
Guyana’s Local Content Act mandates quotas for the participation of Guyanese workers and businesses in various oil-related sectors, which gradually increase over the years. Executive Director at the Georgetown Chamber of Commerce & Industry, Richard Rambarran said when one looks...
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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...

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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