Latest News

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First steel cut completed for Suriname’s GranMorgu FPSO across three shipyards

TotalEnergies has completed all three First Steel Cut ceremonies for the GranMorgu floating production, storage and offloading (FPSO) vessel. The events mark the start...
NewsOilNOW -

Nearly one in seven dollars of Exxon’s global profit came from Guyana in 2024

ExxonMobil’s oil operations offshore Guyana earned it US$4.73 billion in profit last year. That accounted for nearly one in every seven dollars, or 14.04%,...
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SBM Offshore targets GHG neutrality by 2025, advances emissions tools in Guyana

SBM Offshore says it is on track to become greenhouse gas (GHG) neutral from its own operations by 2025 and to use 100% renewable...
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MODEC, Carbon Clean sign MoU to advance FPSO-based carbon capture

MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and potential deployment of onboard carbon...
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Shell hires Subsea7 to support Aphrodite gas development offshore Trinidad

Shell has awarded a sizable subsea installation contract to Subsea 7 to support the development of the Aphrodite gas field offshore Trinidad and Tobago,...
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Latest News

NewsOilNOW -

First steel cut completed for Suriname’s GranMorgu FPSO across three shipyards

TotalEnergies has completed all three First Steel Cut ceremonies for the GranMorgu floating production, storage and offloading (FPSO) vessel. The events mark the start...
NewsOilNOW -

Nearly one in seven dollars of Exxon’s global profit came from Guyana in 2024

ExxonMobil’s oil operations offshore Guyana earned it US$4.73 billion in profit last year. That accounted for nearly one in every seven dollars, or 14.04%,...
NewsOilNOW -

SBM Offshore targets GHG neutrality by 2025, advances emissions tools in Guyana

SBM Offshore says it is on track to become greenhouse gas (GHG) neutral from its own operations by 2025 and to use 100% renewable...
NewsOilNOW -

MODEC, Carbon Clean sign MoU to advance FPSO-based carbon capture

MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and potential deployment of onboard carbon...
NewsOilNOW -

Shell hires Subsea7 to support Aphrodite gas development offshore Trinidad

Shell has awarded a sizable subsea installation contract to Subsea 7 to support the development of the Aphrodite gas field offshore Trinidad and Tobago,...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

From curiosity to career: Trainee Derrickman finds purpose on Stena DrillMAX

Steve Sirkissoon has always been fascinated by the offshore world. Now, as a trainee derrickman aboard the Stena DrillMAX, he's living that dream. “It's a...

Oil Law 101

Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 5)

In Management Themes (Part 4), we completed our discussion on exploration and discovery.  Through the provisions of the Petroleum Activities Act 17 of 2023...

Local Content

NewsOilNOW -

400 Guyanese supporting Noble’s offshore operations 

Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According to its 2024 Sustainability Report,...

Regional

Latest News

NewsOilNOW -

First steel cut completed for Suriname’s GranMorgu FPSO across three shipyards

TotalEnergies has completed all three First Steel Cut ceremonies for the GranMorgu floating production, storage and offloading (FPSO) vessel. The events mark the start...
News

Nearly one in seven dollars of Exxon’s global profit came from Guyana in 2024

OilNOW -
ExxonMobil’s oil operations offshore Guyana earned it US$4.73 billion in profit last year. That accounted for nearly one in...
News

SBM Offshore targets GHG neutrality by 2025, advances emissions tools in Guyana

OilNOW -
SBM Offshore says it is on track to become greenhouse gas (GHG) neutral from its own operations by 2025...
News

MODEC, Carbon Clean sign MoU to advance FPSO-based carbon capture

OilNOW -
MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and...
News

Shell hires Subsea7 to support Aphrodite gas development offshore Trinidad

OilNOW -
Shell has awarded a sizable subsea installation contract to Subsea 7 to support the development of the Aphrodite gas...
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Exploration

ExplorationOilNOW -

ExxonMobil to appraise 2022 Barreleye discovery 

ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April 6, using the Stena Carron...
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Exploration

Guyana-Suriname Basin, Brazil among busiest regions this year for high-impact drill campaigns

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High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to...
Exploration

Noble Developer to drill three wells offshore Suriname

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Noble Corporation announced on Monday that it has entered an agreement with PETRONAS Suriname E&P B.V. for the high-specification...
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Production

Guyana's Oil LedgerKemol King -

Production surges at Exxon’s Liza 2 and Payara projects

In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara...
Guyana's Oil Ledger

March oil output averages 627,000 b/d as Guyana closes Q1 with strong production 

Kemol King -
Offshore oil production in Guyana averaged 627,000 barrels per day (b/d) in March 2025, a modest dip from February’s...
Guyana's Oil Ledger

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

Kemol King -
Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average...
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Discoveries

DiscoveriesOilNOW -

Petronas, ExxonMobil make third Block 52 discovery offshore Suriname 

Petronas has added to Suriname’s oil bounty with a new discovery in Block 52 at the Fusaea-1 exploration well.  The prospect is located about 170...
Discoveries

Russia strikes black gold off British Antarctic coast, 511 billion barrels worth 

OilNOW -
(Yahoo News, May 13, 2024): Russia has found huge oil and gas reserves in British Antarctic territory, potentially leading...
Discoveries

Petrobras replicates Guyana, Suriname success with second discovery at Potiguar Basin

OilNOW -
Petrobras has struck oil in a well located in Brazil’s Potiguar Basin, during a campaign it embarked on in...
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Guyana's Oil Ledger

Guyana's Oil LedgerKemol King -

Production surges at Exxon’s Liza 2 and Payara projects

In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara...

Energy Insights

Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resource Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resource Fund (the Fund) established under the...

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MODEC partners with STEMGuyana to support learning pods

MODEC has partnered with STEMGuyana to support its Learning Pods initiative, ensuring continued access to after-school education in Math, Science, English, and Technology for...

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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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