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Stories Beyond the Barrel

From sugar estate to offshore drilling; here’s Stephen Moonasar’s journey

OilNOW -
Stephen Moonasar’s career path took an unexpected turn—from the sugar estates of Guyana to a drill ship nearly 200 kilometers offshore. His story is a testament to how skills training and opportunity can transform lives. “I was born in the...
News

Suriname’s upstream sector poised for US$9.5 billion investment – Rystad Energy  

OilNOW -
Capital investment in Suriname’s upstream oil and gas sector is set to grow significantly, with spending projected to reach US$9.5 billion between 2024 and 2027, according to Rystad Energy. This surge is driven by the TotalEnergies-operated GranMorgu project and new...
News

Super tanker headed for Netherlands lifts two cargoes from Guyana oilfield 

Kemol King -
The Red Nova, a large crude carrier (VLCC) capable of transporting more than 2 million barrels of oil, recently completed a double crude lift offshore Guyana, ExxonMobil Guyana told OilNOW.  The tanker loaded crude from two floating production, storage and...
News

MODEC Guyana to publish RFIs for key offshore services

OilNOW -
MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next six months.  The list includes industrial gas services, fire pump performance tests, oil and gas laboratory analysis, and transformers, all set...
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Suriname among top oil frontiers, 2.2 billion boe secured since 2020 – Norway firm

OilNOW -
Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the country’s promising offshore reserves. Operators plan to drill around 10 wells between 2025 and 2027...
Oil Law 101

The Petroleum Activities Act Series

Joanna Simmons -
Introduction The Petroleum Activities Act 17 of 2023 (the “PAA”) replaced the Petroleum (Exploration and Production) Act 1986; however, at present, the Regulations made under the 1986 Act remain applicable law under the PAA. The PAA is aimed at regulating...
News

After naval incursion, Venezuela falsely blames Guyana for rising tensions

Shikema Dey -
Venezuela has accused Guyana of provocation after its navy entered Guyana’s exclusive economic zone (EEZ) on Saturday morning. Guyana’s government said the Venezuelan patrol vessel "ABF Guaiqueri PO-11" approached several offshore assets, including the FPSO Prosperity, operated by ExxonMobil. President...
News

CARICOM urges Venezuela not to engage with Guyana oil production platforms

OilNOW -
The Caribbean Community (CARICOM) has spoken out in support of Guyana, after a Venezuela vessel entered the ExxonMobil-operated Stabroek Block in Guyana’s maritime territory and approached oil-related ships.  “CARICOM calls on Venezuela to order the urgent removal of the vessel...
News

11 former Presidents of LatAm countries and Spain say Maduro regime after Guyana’s energy wealth

OilNOW -
Former Presidents of Latin American countries and Spain showed support for Guyana after a Venezuela vessel made an incursion into Guyanese waters and approached vessels operating in the ExxonMobil-operated Stabroek Block Saturday morning. SEE FULL STATEMENT BELOW: The Liberty and Democracy...
News

Maduro regime to face consequences if provocation continues, U.S. says

OilNOW -
The United States’ Bureau of Western Hemisphere Affairs said consequences will befall the Nicolas Maduro regime if more provocation follows an incursion into Guyana’s maritime territory by a Venezuela patrol vessel.  “Venezuelan navy vessels threatening ExxonMobil’s floating production, storage and...
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Latest News

NewsOilNOW -

Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy...

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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