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President Ali wants Guyana’s private sector to form supply vessel group for offshore assignments

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore operations by providing supply and...
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How Brent crude ties Guyana’s oil to global markets, supporting profitability even with lower prices

Brent crude is the leading global benchmark for oil prices. It refers to a classification of water-borne crude originally from the North Sea, now...
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From Liza to ONE GUYANA: How 7 projects transformed Guyana’s oil sector in 6 years

In just under six years, Guyana has transitioned from being a first-time oil producer to one that now produces 900,000 barrels of crude per...
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Platts to launch tanker assessments for growing Guyana crude flows to Europe 

Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1 that specifically track the cost...
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Petrobras to drill 15 wells in Brazil’s Equatorial Margin under 2026–2030 plan

Petrobras will prioritise exploration along Brazil’s Equatorial Margin as part of its 2026–2030 Business Plan, committing to drill 15 wells in the region between...
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Latest News

NewsOilNOW -

President Ali wants Guyana’s private sector to form supply vessel group for offshore assignments

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore operations by providing supply and...
NewsOilNOW -

How Brent crude ties Guyana’s oil to global markets, supporting profitability even with lower prices

Brent crude is the leading global benchmark for oil prices. It refers to a classification of water-borne crude originally from the North Sea, now...
NewsOilNOW -

From Liza to ONE GUYANA: How 7 projects transformed Guyana’s oil sector in 6 years

In just under six years, Guyana has transitioned from being a first-time oil producer to one that now produces 900,000 barrels of crude per...
NewsOilNOW -

Platts to launch tanker assessments for growing Guyana crude flows to Europe 

Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1 that specifically track the cost...
NewsOilNOW -

Petrobras to drill 15 wells in Brazil’s Equatorial Margin under 2026–2030 plan

Petrobras will prioritise exploration along Brazil’s Equatorial Margin as part of its 2026–2030 Business Plan, committing to drill 15 wells in the region between...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

Kareshma Narine, the Guyanese who helped chart the early days of offshore drilling

Kareshma Narine was one of the first Guyanese to take up a position aboard the Noble Bob Douglas drill ship. Her story was featured...

Fuel For Thought

Fuel for ThoughtJoanna Simmons -

The PAA Series: Environmental Management – Decommissioning (Part 3)

In PAA Series: Environmental Management - Decommissioning Part 2, we highlighted that, “The most significant steps in reducing adverse environmental influence are for the...

Rules of the Game

Rules of the GameIşıl Güneş -

From Ministry of Natural Resources to Ministry of Oil & Gas and Environment: What does this change really mean

PARAMARIBO, SURINAME – Suriname published a new State Decree S.B. 2025 No. 124 on October 22, with the name of ‘Decree on Task Description...

Local Content

NewsOilNOW -

President Ali wants Guyana’s private sector to form supply vessel group for offshore assignments

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore operations by providing supply and...

Regional

Latest News

NewsOilNOW -

President Ali wants Guyana’s private sector to form supply vessel group for offshore assignments

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore operations by providing supply and...
News

How Brent crude ties Guyana’s oil to global markets, supporting profitability even with lower prices

OilNOW -
Brent crude is the leading global benchmark for oil prices. It refers to a classification of water-borne crude originally...
News

From Liza to ONE GUYANA: How 7 projects transformed Guyana’s oil sector in 6 years

OilNOW -
In just under six years, Guyana has transitioned from being a first-time oil producer to one that now produces...
News

Platts to launch tanker assessments for growing Guyana crude flows to Europe 

OilNOW -
Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1...
News

Petrobras to drill 15 wells in Brazil’s Equatorial Margin under 2026–2030 plan

OilNOW -
Petrobras will prioritise exploration along Brazil’s Equatorial Margin as part of its 2026–2030 Business Plan, committing to drill 15...
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Exploration

ExplorationShikema Dey -

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was...
Exploration

ExxonMobil, Shell lead high-impact exploration over five-year period as NOCs surge in 2024

OilNOW -
ExxonMobil and Shell were the most active high-impact oil and gas explorers between 2020 and 2024, according to energy...
Exploration

ExxonMobil to appraise 2022 Barreleye discovery 

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ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April...
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Production

NewsOilNOW -

Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana announced on Wednesday that the country’s daily oil production has reached a new milestone of 900,000 barrels per day, following the ramp-up...
Guyana's Oil Ledger

Yellowtail boost lifts Guyana’s oil output to 685,000 b/d in August

Kemol King -
Oil production offshore Guyana averaged 685,000 barrels per day (b/d) in August, up from 664,000 b/d in July, driven...
News

ONE GUYANA FPSO equipped to ensure uninterrupted gas handling offshore – GoG

Shikema Dey -
The Government of Guyana has confirmed that the ONE GUYANA floating production storage and offloading (FPSO) vessel is the...
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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 

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(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

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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 -

Guyana oil fund gets US$228 million in October

Guyana received US$228 million (GY$48 billion) in oil revenues in October, according to the latest update on the operations of the Natural Resource Fund...

Energy Insights

Energy InsightsChevy Devonish -

New High Court Decision: Oil and Gas Litigation – EIAs are required for oil and gas exploration and production waste-management facilities 

The High Court of Guyana has ruled that an operation permit granted to Global Oil Environmental Services (Guyana) Inc. (GOES) to operate a waste-management...

Sponsored Content

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UAL launches new Caribbean shuttle service to enhance regional trade connectivity

UAL (Universal Africa Lines) has introduced the UAL Caribbean Shuttle, a fixed 9-day loop service linking Point Lisas (Trinidad & Tobago), Georgetown (Guyana), and...

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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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