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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

OilNOW -
Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname. The decision was made on November 11, 2025, representing a major advancement in the country’s offshore petroleum development. In an announcement...
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Guyana gas resources set to power new state-of-the-art AI data centre

OilNOW -
In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of Guyana and Cerebras Systems  – an  American artificial intelligence (AI) company – signed a landmark Memorandum of Understanding (MOU) to...
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Exxon’s 2025 Golden Lane well targets positioned updip for optimal hydrocarbon recovery

OilNOW -
Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the prolific ‘Golden Lane’ trend. This is according to a November 11 report from global energy...
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Chevron to help test deeper reservoirs and unlock more barrels in Guyana Stabroek Block – Vice Chair Nelson

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Chevron expects that Guyana’s prolific Stabroek Block could hold more than its current estimate of 11 billion barrels of oil equivalent and plans to work with operator ExxonMobil to test deeper reservoirs, Vice Chairman, Mark Nelson said. This is...
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‘Minor’ changes made to non-fiscal terms in Guyana’s new PSA – Bharrat 

OilNOW -
Minor changes have been made to the non-fiscal terms in Guyana’s new model Production Sharing Agreement (PSA), according to Minister of Natural Resources, Vickram Bharrat.  The terms govern Guyana’s first offshore auction. Concerns were raised by Stabroek Block operator ExxonMobil....
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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

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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 of the Yellowtail project to full capacity. Yellowtail, Guyana’s fourth offshore development, has achieved its designed...
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TotalEnergies ready to spend ‘tens of millions’ for seismic, geophysical surveys in Guyana’s S4 Block – Exploration VP 

Shikema Dey -
With the Petroleum License signed, TotalEnergies is gearing up to expend “tens of millions” in seismic and geophysical surveys in Guyana’s shallow water S4 Block.  The company’s Vice President for Exploration (Americas), Daniel Larranaga, confirmed that the investment for data...
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Guyana plans two more offshore block awards before year-end

Kemol King -
Guyana plans to sign deals to issue two more offshore blocks to explorers before the end of the year, Natural Resources Minister Vickram Bharrat said on Tuesday, following the issuance of a shallow water block to a TotalEnergies-led group. The...
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Suriname President calls for fair forest compensation, links oil revenues to green growth at Brazil Climate Summit

Işıl Güneş -
PARAMARIBO, SURINAME – President Jennifer Geerlings-Simons of Suriname delivered a firm appeal at the Belém Climate Summit in Brazil for equitable climate financing, highlighting that forest nations must be compensated for preserving ecosystems that serve the planet. The Belém Climate...
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GCCI’s Business Development Forum to equip MSMEs for 2026 growth opportunities in Guyana and around the world

OilNOW -
As Guyana continues on a trajectory of rapid economic expansion, the Georgetown Chamber of Commerce and Industry (GCCI) is positioning micro, small, and medium-sized enterprises (MSMEs) to take full advantage of the current and emerging opportunities. The Chamber will host...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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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