Latest News

NewsOilNOW -

Guyana moves forward with second power plant, RFP now open for submissions

The Government of Guyana (GoG) has invited qualified firms to submit proposals for the design, financing, and operation of Phase II of the Gas-to-Energy...
NewsOilNOW -

GYSBI expands scholarship programme amid Gas-to-Energy project commitment

The Guyana Shore Base Inc. (GYSBI) has awarded technical scholarships to eleven outstanding students as part of its commitment to community development as it...
NewsOilNOW -

TechnipFMC secures subsea contracts from Petrobras for Brazil’s pre-salt fields

TechnipFMC has been awarded two significant subsea contracts by Petrobras to support Brazil’s pre-salt offshore fields. The first contract, valued between US$250 million and US$500...
NewsOilNOW -

Guyana stands out globally; will maintain cost competitiveness despite expected drop in future oil prices – Norway firm

South America's newest oil producer, Guyana, continues to stand out as a highly competitive destination for deepwater projects around the world. U.S. oil major...
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Saipem extends contract with Aker BP for Scarabeo 8 rig until 2026

Italian oilfield services company Saipem has secured an extension of its contract with Norwegian energy firm Aker BP for the semi-submersible rig Scarabeo 8....
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Latest News

NewsOilNOW -

Guyana moves forward with second power plant, RFP now open for submissions

The Government of Guyana (GoG) has invited qualified firms to submit proposals for the design, financing, and operation of Phase II of the Gas-to-Energy...
NewsOilNOW -

GYSBI expands scholarship programme amid Gas-to-Energy project commitment

The Guyana Shore Base Inc. (GYSBI) has awarded technical scholarships to eleven outstanding students as part of its commitment to community development as it...
NewsOilNOW -

TechnipFMC secures subsea contracts from Petrobras for Brazil’s pre-salt fields

TechnipFMC has been awarded two significant subsea contracts by Petrobras to support Brazil’s pre-salt offshore fields. The first contract, valued between US$250 million and US$500...
NewsOilNOW -

Guyana stands out globally; will maintain cost competitiveness despite expected drop in future oil prices – Norway firm

South America's newest oil producer, Guyana, continues to stand out as a highly competitive destination for deepwater projects around the world. U.S. oil major...
NewsOilNOW -

Saipem extends contract with Aker BP for Scarabeo 8 rig until 2026

Italian oilfield services company Saipem has secured an extension of its contract with Norwegian energy firm Aker BP for the semi-submersible rig Scarabeo 8....
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Stories beyond the barrel

Stories Beyond the BarrelShikema Dey -

CinNex Inc: Navigating Guyana’s multimedia industry with vision and tenacity

CinNex Inc., a name synonymous with multimedia innovation in Guyana, stands as a testament to resilience, adaptability, and foresight. At the helm of this...

Local Content

NewsOilNOW -

Procurement spending from contractors hits US$314 million with addition of Prosperity FPSO – Mid Year Report 

According to Guyana’s 2024 mid-year report, procurement spending in the oil and gas sector totaled US$314 million. The report highlights growth in engineering and...

Regional

Latest News

NewsOilNOW -

Guyana moves forward with second power plant, RFP now open for submissions

The Government of Guyana (GoG) has invited qualified firms to submit proposals for the design, financing, and operation of Phase II of the Gas-to-Energy...
News

GYSBI expands scholarship programme amid Gas-to-Energy project commitment

OilNOW -
The Guyana Shore Base Inc. (GYSBI) has awarded technical scholarships to eleven outstanding students as part of its commitment...
News

TechnipFMC secures subsea contracts from Petrobras for Brazil’s pre-salt fields

OilNOW -
TechnipFMC has been awarded two significant subsea contracts by Petrobras to support Brazil’s pre-salt offshore fields. The first contract, valued...
News

Guyana stands out globally; will maintain cost competitiveness despite expected drop in future oil prices – Norway firm

OilNOW -
South America's newest oil producer, Guyana, continues to stand out as a highly competitive destination for deepwater projects around...
News

Saipem extends contract with Aker BP for Scarabeo 8 rig until 2026

OilNOW -
Italian oilfield services company Saipem has secured an extension of its contract with Norwegian energy firm Aker BP for...
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Exploration

ExplorationOilNOW -

Exxon conducting drilling operations at Redmouth

ExxonMobil has commenced exploration drilling at the Redmouth-1A well in the Stabroek Block offshore Guyana. Previously, the company drilled the Redmouth-1 well in the...
Exploration

Exxon’s gas wells take spotlight in global upstream activity for August – Rystad Energy

OilNOW -
ExxonMobil's gas exploration efforts in August were a key focus in oil and gas upstream activities, according to a...
Exploration

A look at ExxonMobil’s largest drilling fleet operating offshore Guyana

OilNOW -
The Stabroek Block offshore Guyana hosts four highly capable Noble drillships—Sam Croft, Bob Douglas, Tom Madden, and Don Taylor—all...
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Production

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Leading OPEC+ members agree to postpone proposed increase in oil production

OilNOW -
The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq,...
Guyana's Oil Ledger

Shutdowns for pipeline hook-up cut Guyana crude output to 427,000 b/d in July

Kemol King -
Crude oil production at the ExxonMobil-operated Stabroek Block decreased significantly in July due to temporary shutdowns at the Liza...
News

Guyana surpasses Trinidad in hydrocarbon production 

Kemol King -
Guyana now produces more hydrocarbons in the Caribbean region than veteran producer Trinidad and Tobago (TT).  Data from TT's Ministry...
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Discoveries

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...
Discoveries

Exxon makes new discovery at Bluefin off Guyana coast

OilNOW -
ExxonMobil Guyana said it made a discovery at the Bluefin well in the Stabroek Block offshore Guyana, its first...

Guyana's Oil Ledger

Guyana's Oil LedgerKemol King -

Guyana oil fund about to hit US$3 billion mark for the first time

The balance of Guyana’s Natural Resource Fund (NRF) was US$2.94 billion at the close of August, with the government recently estimating it will close...

Energy Insights

Energy InsightsOilNOW -

CCJ ruling confirms process by which Stabroek co-venturers apply for and are granted project approvals is lawful

By Chevy Devonish In a previous article we examined how the Caribbean Court of Justice (“CCJ”) in Attorney General of Guyana v Environmental Protection Agency...

Sponsored Content

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Specialist shipping company announces entry into Guyana, LATAM market at Guyana Energy Conference

Universal Africa Lines (UAL), a shipping company known for its specialized services in the oil and gas sector, announced its strategic expansion into Guyana...

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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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