Featured

Featured posts

News

MODEC seeks laboratory partner for potable water testing in Guyana

OilNOW -
MODEC is inviting expressions of interest (EOI) for laboratory testing of potable water samples from its offshore fleet in Guyana. The company requires physical, chemical, and microbiological analyses. Testing must align with standards set by Guyana Water Incorporated (GWI). Eight Guyanese...
Exploration

ExxonMobil to appraise 2022 Barreleye discovery 

OilNOW -
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 rig, and will conclude by July 31, Guyana’s Maritime Administration Department (MARAD) said in a...
News

Bharrat: Local Content law not a shield for mediocrity or overpricing

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, has warned that the country’s Local Content law must not be misused by local companies as a cover for poor standards or inflated costs.  “The local content legislation, by no means, is protection...
News

Local Content value to surpass US$847M in 2025 — Pertab

OilNOW -
The Local Content Secretariat expects the value of local content in Guyana's oil and gas sector to exceed US$847 million in 2025. This marks an increase of nearly US$104 million over 2024. Director of the Secretariat, Dr. Martin Pertab, said...
News

Hess to return 94% of net undeveloped acreage to Guyana and Suriname by 2028

OilNOW -
According to its 2024 annual report, Hess Corporation plans to return 94% of its net undeveloped acreage, primarily to Guyana and Suriname, over the next three years.  In Guyana, Hess has a 30% stake in the 6.6-million-acre Stabroek Block. A...
News

Stabroek Block delivered 8 successful wells in 2024 – Hess

OilNOW -
ExxonMobil drilled eight successful exploration and appraisal wells in the Stabroek Block last year, according to Hess’s latest annual report.  All eight wells “encountered hydrocarbons”, Hess said. There was “one unsuccessful exploration well for which the well costs were expensed.”  This...
News

Energy Chamber of TT urges gov’t to focus on gas fields in EEZ after U.S. pulls Venezuela cross-border licenses

OilNOW -
The Energy Chamber of Trinidad and Tobago (TT) has stated that the country must urgently pursue natural gas opportunities in its exclusive economic zone (EEZ). This comes as the United States government revoked two OFAC special licenses for the Dragon...
Opinions

Letter-to-the-Editor: Reduced fish catch is in no way linked to oil production

OilNOW -
Dear Editor, The production of oil and gas offshore Guyana is once again being labeled responsible for the low fish catch being experienced by fisherfolk. On April 4 and 7, articles appeared in the Kaieteur News titled “Pritipaul Singh exports...
News

Hess’ Guyana assets beat U.S. oil output second year in a row

OilNOW -
Hess’ Guyana net oil production in 2024 beat its U.S. output for the second time, the company said in its annual report.  Net Guyana output for Hess’ 30% stake in the Guyana Stabroek Block was 68.136 million barrels in 2024,...
News

US kills licenses for Trinidad and Tobago’s cross-border gas projects with Venezuela 

OilNOW -
The United States government has revoked the licenses granted to Trinidad and Tobago for the Dragon and Manakin-Cocuina cross-border gas fields. Prime Minister Stuart Young made the announcement during a press briefing at Whitehall on April 8 at 4:45 p.m.,...
1...91011...965Page 10 of 965

Latest News

NewsOilNOW -

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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.

Quick Access

Company Info

Social Networks