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‘We want to see Guyana succeed’ – U.S. backs Guyana’s energy future 

U.S. Special Envoy for Latin America Mauricio Claver-Carone has restated the United States' full support for Guyana’s rapid energy development as it emerges as a global oil powerhouse. Speaking during a special briefing on March 25, ahead of Secretary of...

Shell takes FID on Gato do Mato project, awards MODEC FPSO contract

Shell Brasil has finalized its investment decision for the Gato do Mato deepwater project in the Santos Basin offshore Brazil. The company has awarded Japan’s MODEC a multi-year operations and maintenance contract for the floating production, storage, and offloading...

Twenty Guyanese cadets awarded Noble Marine scholarships

Noble Drilling has awarded scholarships to 20 outstanding marine cadets as part of its Noble Marine Scholarship Program. The company shared this announcement on LinkedIn on March 21.  The initiative, conducted in collaboration with MatPal Marine Institute and El Dorado...

Touchstone reports record production and US$8.27 net earnings for 2024

Touchstone Exploration Inc. has reported record production and a return to profitability in its annual 2024 financial and operating results. President and Chief Executive Officer Paul Baay stated, “In 2024, Touchstone maintained its growth trajectory, achieving record annual production and...

Guyana’s rate of oil output increased by 5% in February

Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average of 648,000 barrels per day (b/d), up from 620,000 b/d in January, according to government data. Despite the increase in the...

Exxon’s success in Guyana ‘set a standard’ for new oil markets – TechnipFMC Chief

Douglas Pferdehirt, Chief Executive Officer of TechnipFMC believes that emerging markets like Guyana, Namibia, Mozambique and Suriname, are bright spots for the offshore industry moving forward. Speaking at the Piper Sandler Energy Conference this week, the CEO said these...

Guyana got US$225 million in oil sales revenue in February 

Guyana’s Natural Resource Fund (NRF) received deposits totaling US$225.75 million (G$47.07 billion) in February 2025. This amount represents payments for sale of Guyana’s entitlement of crude oil from production offshore by ExxonMobil. In February, when assessed against Brent, daily price...

Caribbean energy players march to polls in a year of decisive elections

Several Caribbean nations with significant energy interests are heading to the polls in 2025, setting the stage for elections that could reshape the region’s energy policies.  From Guyana and Trinidad and Tobago to Suriname, voters will decide on leaders who...

Special Editorial: Maduro’s bully tactics won’t get him another face-to-face with Ali 

The following is an opinion editorial by Shikema Dey, Research and Content Developer at OilNOW, and a seasoned Journalist in the Oil and Gas Industry Guyana cannot be bullied. We do not take well to demands, particularly from leaders...

Women leaders call for bold action on economic equality, leadership, and innovation

At the 5th Annual Women & Girls Summit women leaders from across Guyana called for decisive action to close the gender gap, promote financial empowerment, and embrace technological innovation. The event brought together policymakers, entrepreneurs, and young women committed...

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Zero routine flaring systems standard on Guyana’s FPSOs, cutting emissions through gas reinjection

Systems to prevent routine flaring are standard across major offshore developments in Guyana. Integrated systems on floating production, storage,...