Suriname companies and workers in 45 sectors will have opportunities to participate in the development phase of the Gran Morgu project of Block 58, said TotalEnergies’ General Manager & Country Chair EP Suriname, Artur Nunes da Silva.  “45 sectors will...

The 8th proposed Stabroek Block development could target 240,000 barrels per day (b/d) of production, according to Hess Chief Executive Officer, John Hess.  Longtail was confirmed as the next target following Hammerhead last December.  “We're all about bringing value forward so...

Guyana’s Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2022 noted that the counytry's extractive revenues totaled US$1.58 billion (approx. GY$331.52 billion). The oil and gas sector contributed the majority, accounting for $1.49 billion (GY$313.19 billion) or...

Supply chain challenges continue to disrupt global energy markets in 2025, with geopolitical tensions and protectionism driving significant shifts in the sector.  “High investment levels in oil and gas and new energy sectors are adding strain to an already stretched...

Global upstream investments are forecast to drop by 2% in 2025, marking a slowdown after years of growth, according to Rystad Energy.  Despite the overall decline, deepwater investments are set to rise by 3%, supported by projects in Suriname, Mexico,...

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...

ExxonMobil commenced maintenance on the Liza Destiny floating, production, storage and offloading vessel (FPSO) within Guyana's Stabroek Block on December 20, 2024.  According to a notice from the Maritime Administration Department (MARAD), the activities are expected to conclude by December...

The Export-Import Bank of the United States (EXIM) confirmed that its Board approved a $526 million loan to Guyana in support of the country’s landmark Gas-to-Energy project.  The financing from the transaction will aid the construction of a natural gas...

With December 19, 2024, marking five years of oil production in Guyana, ExxonMobil said its deepwater projects are the “most successful” in the world. The company is hailing its first five years as a significant achievement underscoring the potential...

A U.S. loan backing the Gas-to-Energy project represents the “largest foreign investment in Guyana’s history,” according to U.S. Assistant Secretary of State for Western Hemisphere Affairs, Brian A. Nichols. During a December 17 foreign press briefing on U.S. priorities in...