News

News

Venezuela risks more sanctions if unlawful election is held in Essequibo this May – Greenidge 

Shikema Dey -
Venezuela risks triggering even more international sanctions if it proceeds with its unlawful elections in Guyana’s Essequibo region. The International Court of Justice (ICJ) issued a binding order prohibiting any actions that could alter the status quo pending a...
News

Guyana’s oil boom being managed with deliberate and prudent policy, says Economist Richard Rambarran

OilNOW -
Concerns about economic overheating in oil-rich Guyana were addressed head-on by economist Richard Rambarran last week at the Offshore Technology Conference. He credits strong fiscal discipline and targeted investments with keeping inflation low and macroeconomic fundamentals stable. “Overheating refers to...
News

Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

OilNOW -
Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for the first time since offshore production began in 2019, even as overall output continues to rise, according to the International...
News

Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

OilNOW -
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil sector between the second quarter (Q2) of 2025 and 2027. According to the Commission, the investment will focus on revitalizing...
News

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

OilNOW -
Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil company Staatsolie revealed in its recent annual report. The production vessel is expected to deliver first oil in 2028. GranMorgu marks...
News

Hess spent most of its Q1 2025 capital budget on Guyana

OilNOW -
Hess Corporation directed the majority of its capital and exploratory expenditures in the first quarter of 2025 to operations in Guyana, as the country continues to grow in importance to the company’s portfolio. The U.S. oil producer reported that it...
News

GAIMMS Guyana launches first welding and fabrication workshop to train locals for energy sector

OilNOW -
GAIMMS Guyana launched its first Welding and Fabrication Workshop aimed at equipping local apprentices with global-standard skills for the energy sector. The program combines classroom learning with hands-on industrial training. It is designed to mirror real-world practices used on major...
News

‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

OilNOW -
Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has been no break in business operations in Guyana due to Venezuela’s increasingly aggressive posture regarding its claim to Guyana's territory. Speaking...
News

Exxon expects Yellowtail to start producing oil in August

Kemol King -
ExxonMobil Guyana President Alistair Routledge said the Yellowtail offshore oil project is expected to start producing crude oil in August 2025. Routledge made the comments during a panel discussion at the Offshore Technology Conference in Houston, Texas, this week. The...
News

Guyanese could be ‘out of the dark’ sooner than Nov. 1, when the GtE project comes online 

OilNOW -
Guyana’s Vice President Bharrat Jagdeo has indicated that Guyanese might receive some ‘black-out’ relief sooner than initially expected, ahead of the highly anticipated Gas-to-Energy project going live on November 1. He said the government is considering a proposal to...
1...505152...1,032Page 51 of 1,032

Latest News

Stories Beyond the BarrelShikema Dey -

From chemistry to cargo: How Natina Singh became ExxonMobil Guyana’s first Operations and Logistics Superintendent

When Natina Singh began her academic journey in chemistry, she never imagined she would one day be managing logistics...

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.

Quick Access

Company Info

Social Networks