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‘Sun won’t shine, wind won’t blow forever’, hydrocarbons needed to power energy future – NJ Ayuk

OilNOW -
Paramaribo, Suriname - The world cannot rely solely on renewable energy to power its future, as hydrocarbons remain essential for energy security and industrialization, says NJ Ayuk, Executive Chairman of the African Energy Chamber. Speaking at the Suriname Awareness...
News

Oil to generate 89% of Guyana’s export value in 2025

OilNOW -
The Guyana government projects crude oil will account for 89% of its exports in 2025, as oil continues to grow at a faster pace than other export-focused sectors. It represented 68% of exports in 2021 and has subsequently held...
News

Guyana exported 225 crude lifts in 2024 – Minister 

OilNOW -
Guyana exported 225 crude lifts in 2024, as announced by Minister of Natural Resources Vickram Bharrat during a press conference on Tuesday.   Bharrat revealed that Guyana’s share was 28 lifts: seven from the Liza Destiny floating production, storage and offloading...
News

SBM Offshore seeks local suppliers for coverall production

OilNOW -
Guyana Deep Water Operations Incorporated (GDO), the local affiliate of SBM Offshore, has issued a Request for Information (RFI) to identify Guyanese manufacturers capable of supplying construction-grade coveralls. The company aims to engage local suppliers to meet its operational needs...
News

Guyana Oil & Gas: What to look forward to in 2025

Kemol King -
Every year, Guyana's oil and gas sector seems more monumental than the last. Lots of watershed moments are expected in 2025. Guyana will take its place as the world's largest per capita producer of crude oil. Here’s what to look...
News

OilNOW’s top stories of 2024

OilNOW -
There has been incredible progress in Guyana and the region on multiple fronts. Here are the top stories from OilNOW this year, based on readership. January: Engineer students from University of Guyana being absorbed by oil companies even before graduation...
Guyana's Oil Ledger

Guyana oil production averaged 608,000 b/d in first 10 months of 2024

Kemol King -
Crude oil production at the ExxonMobil-operated Stabroek Block averaged 608,000 barrels per day (b/d) in the first 10 months of 2024. Combined output from the three projects—Liza 1, Liza 2 and Payara—have shown they can sustain 660,000 b/d. However,...
News

Second phase of Berbice training facility progressing with extended timeline

OilNOW -
The construction of the oil and gas training facilities at the Guyana Technical Training College (GTTCI) in Port Mourant, Berbice, is progressing steadily, with the completion date now set for October 2026.  President Irfaan Ali announced the updated timeline on...
Stories Beyond the Barrel

From first oil to expert aspirations: The journey of Yashawantie Pancham

OilNOW -
The Prosperity FPSO has completed one year of oil production operations at Guyana's Stabroek Block. To mark the milestone, OilNOW highlights the contribution of Guyanese, Yashawantie Jennifer Pancham, who had the opportunity to test the first oil from the...
News

SBM Offshore Fast4Ward concept a key driver behind ExxonMobil’s deepwater success in Guyana 

OilNOW -
Dutch floater specialist SBM Offshore is currently operating three oil production vessels offshore Guyana. The company’s Fast4Ward® program, built on an innovative “design one, build many” concept, has been a key driver behind ExxonMobil's unprecedented project expansion and execution...
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NewsOilNOW -

Guyana records US$3 billion trade surplus in Q1 2025, driven by oil exports

Guyana posted a trade surplus of US$3.01 billion in the first quarter of 2025, driven by crude oil exports,...

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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