OilNOW

03/08/2025

READ MORE HERE: https://oilnow.gy/opinions/letter-to-the-editor-oil-and-the-transformation-we-cannot-ignore/

03/08/2025

Energy Guyana has released a landmark special edition publication titled “Energy Nation: 10 Years of Oil in Guyana”, marking a decade since the transformative discovery of oil in the Stabroek Block.
READ MORE HERE: https://oilnow.gy/featured/energy-guyana-launches-special-edition-magazine-celebrating-10-years-of-oil-in-guyana/

Georgetown, Guyana – Energy Guyana has released a landmark special edition publication titled "Energy Nation: 10 Years of Oil in Guyana", marking ...

03/08/2025

Guyana attracted US$2.1308 billion in foreign direct investment (FDI) during the first quarter of 2025, almost entirely in its oil and gas sector, according to new data from the Bank of Guyana.
READ MORE HERE: https://oilnow.gy/featured/u-s-remains-dominant-investor-in-guyana-as-oil-sector-drives-q1-inflows-central-bank/

02/08/2025

PARAMARIBO – SURINAME: President Jennifer Geerlings-Simons welcomed the Staatsolie management team at her office last week for a comprehensive update on the company’s current state of affairs.
READ MORE HERE: https://oilnow.gy/news/president-geerlings-simons-and-staatsolie-management-examine-current-operations-and-energy-transition-for-suriname/

02/08/2025

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in October as the Canadian company and its partner Frontera Energy seek to reverse the cancellation of the Corentyne Block license.
READ MORE HERE: https://oilnow.gy/news/cgx-says-guyana-government-open-to-talks-over-cancelled-corentyne-oil-license/

01/08/2025

Chevron Corp. reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income, and a US$215 million loss tied to the fair value of Hess shares, even as the oil major posted record output and strong cash flow.
READ MORE HERE: https://oilnow.gy/news/chevrons-quarterly-profit-drops-44-due-to-lower-oil-prices-hess-shares-revalue/

01/08/2025

“Our fourth development is the largest to date. Yellowtail is next in line and anticipated to achieve first oil next week, delivered four months ahead of schedule and under budget,” CEO, Darren Woods, told shareholders during the company’s second quarter earnings call on Friday. READ MORE HERE: https://oilnow.gy/featured/first-oil-from-one-guyana-set-for-next-week-exxon-ceo/

01/08/2025

ExxonMobil Corporation reported second-quarter 2025 earnings of US$7.1 billion, or US$1.64 per diluted share. According to its financial report released this morning, cash flow from operating activities totaled US$11.5 billion, while free cash flow stood at US$5.4 billion.
READ MORE HERE: https://oilnow.gy/featured/exxon-reports-us7-1-billion-in-q2-earnings-with-highest-second-quarter-upstream-production-since-mobil-merger/

01/08/2025

Guyana has reached a significant milestone with the discovery of new fish species, demonstrating that economic growth in the booming oil sector can coexist with environmental sustainability.
READ MORE HERE: https://oilnow.gy/featured/letter-to-the-editor-economic-growth-and-environmental-sustainability-can-coexist-in-guyana/

01/08/2025

Suriname is set to surpass Guyana in exploration and appraisal drilling activity in 2025, according to WoodMackenzie in the latest World Oil Regional Report on Guyana and Suriname.
READ MORE HERE: https://oilnow.gy/featured/suriname-to-outpace-guyana-in-2025-exploration-activity-woodmac/

Suriname is set to surpass Guyana in exploration and appraisal drilling activity in 2025, according to WoodMackenzie in the latest World Oil Regional Report ...

01/08/2025

Strohm has completed fabrication of the first 13 thermoplastic composite pipe (TCP) jumpers for ExxonMobil’s Yellowtail development offshore Guyana.
READ MORE HERE: https://oilnow.gy/featured/strohm-delivers-first-13-tcp-jumpers-for-exxonmobils-yellowtail-project/

31/07/2025

Eight Guyanese nationals have completed the first phase of MODEC Guyana’s 20-month Onshore Trainee Program and are set to begin Phase Two in Singapore.
READ MORE HERE: https://oilnow.gy/news/modec-eight-guyanese-trainees-head-to-singapore-for-second-phase-of-development-program/