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Stena DrillMAX to begin drilling at Suriname’s Macaw-1 well in Q2

OilNOW -
TotalEnergies recently announced that the Stena DrillMAX will soon head to Suriname’s Block 64 to drill the Macaw-1 prospect.  The 6th generation harsh environment dual-activity dynamically positioned (DP3) drillship is currently in Curaçao for maintenance. The vessel is equipped with...
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Guyana to reach nearly half of Trinidad’s gas output by 2030

OilNOW -
By 2030, Guyana is projected to produce approximately 1.125 billion cubic feet per day (bcf/d) of natural gas, which is 45% of Trinidad and Tobago’s current gas production of 2.51 bcf/d.  This marks a shift in regional energy dynamics, as...
News

Conference organizer apologizes and affirms New River Triangle belongs to Guyana

OilNOW -
Organizer of the International Business Conference (IBC), Dr. Vishnu Doerga, issued an apology on Tuesday after the Guyana government and several business groups condemned the use of an incorrect map at the Paramaribo event last week. The map portrayed...
Guyana's Oil Ledger

Guyana oil production averaged 656,000 b/d in December

Kemol King -
ExxonMobil Guyana produced 20.3 million barrels of crude in December 2024 at an average rate of approximately 656,000 barrels per day (b/d). Production was nearly 156,000 b/d at Liza 1, 251,000 b/d at Liza 2, and 250,000 b/d at Payara.  December...
News

Guyana focuses on ‘responsible’ resource management as US energy goals shift

OilNOW -
With the new Donald Trump administration ramping up American energy production and exports, Guyana’s President, Dr. Irfaan Ali said oil-producing nations like Guyana must adopt a “responsible and strategic” approach to resource management—despite global energy market fluctuation. During a recent...
News

Chevron to drill Korikori well in Q4 – Staatsolie 

OilNOW -
Suriname’s state oil company, Staatsolie, has confirmed to OilNOW that Chevron will drill the Korikori-1 well in Block 5 sometime in the fourth quarter of this year.  Staatsolie’s affiliate Paradise Oil Company holds a 40% stake in Block 5. Chevron...
News

PSC calls out failure to defend Guyana’s territory at business conference

OilNOW -
The Private Sector Commission (PSC) is the latest Guyanese body to condemn the display of a map at a conference showing the New River Triangle area as part of Suriname.  In a strongly worded statement on Tuesday, the PSC said...
News

Chorus of condemnation grows over map depicting New River Triangle as Suriname territory

OilNOW -
Two more business groups in Guyana have issued statements condemning the use of a map that depicted Guyana’s New River Triangle as part of Suriname, at a Paramaribo conference last week.  The Guyana Oil & Gas Energy Chamber (GOGEC) and...
News

SBM Offshore Guyana seeking next cohort of graduate engineers for its trainee program

OilNOW -
SBM Offshore Guyana is once again searching for Guyanese talent in the engineering field as it kicks off its Graduate Trainee program.  According to a notice published on its Facebook page, SBM Offshore Guyana said the opportunity is designed to...
News

‘We have to build the Berbice deepwater port’ – President Ali

OilNOW -
With Guyana’s Berbice region set for major development, President Irfaan Ali is adamant that plans for the proposed deepwater port there must forge ahead.  “You have to build that deep-water port, that is part of the plan,” the Head of...
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Upcoming Business Talk to address invoicing in Guyana’s oil & gas sector

The Centre for Local Business Development, in partnership with the Greater Guyana Initiative, will host an in-person session titled...

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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