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ExxonMobil completes purchase of Destiny FPSO for US$535 million
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ExxonMobil completes purchase of Destiny FPSO for US$535 million

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Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana
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Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana

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Second Guyana oil auction unlikely before November 2025 elections 
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Second Guyana oil auction unlikely before November 2025 elections 

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Jagdeo not worried about dispute with CGX, says Corentyne license lapsed
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Jagdeo not worried about dispute with CGX, says Corentyne license lapsed

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CGX signals move to arbitration or sole expert to resolve “disputes” with Guyana
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CGX signals move to arbitration or sole expert to resolve “disputes” with Guyana

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Guyana third only to Qatar, Kuwait in per capita oil production last year 
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Guyana third only to Qatar, Kuwait in per capita oil production last year 

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

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Second phase of Berbice training facility progressing with extended timeline
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Second phase of Berbice training facility progressing with extended timeline

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Exxon not backing out of Block S8 talks – Jagdeo 
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Exxon not backing out of Block S8 talks – Jagdeo 

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US$500M+ United States loan for Guyana gas project clears key hurdle
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US$500M+ United States loan for Guyana gas project clears key hurdle

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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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