Latest News

NewsOilNOW -

Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of a broader government effort to...
NewsShikema Dey -

Namibia studying Guyana’s oil model to shape new sector 

Namibia is looking to Guyana for guidance as it builds out its oil and gas industry, following major offshore discoveries and structural reforms under...
NewsShikema Dey -

More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to careers offshore.  “It is only the...
NewsOilNOW -

Bechtel advances work on Guyana’s Berbice Deep-Water Port to support second gas development

Bechtel Corporation is progressing on developing a deep-water port at the Berbice River's mouth. On Wednesday, Bechtel executives met President Irfaan Ali, who stressed...
NewsOilNOW -

Trinidad extends 2025 deep-water bid round deadline to September 17

The deadline for Trinidad and Tobago’s 2025 deep-water competitive bidding round has been extended by nearly three months. Bids are now due by noon...
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Trending

Latest News

NewsOilNOW -

Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of a broader government effort to...
NewsShikema Dey -

Namibia studying Guyana’s oil model to shape new sector 

Namibia is looking to Guyana for guidance as it builds out its oil and gas industry, following major offshore discoveries and structural reforms under...
NewsShikema Dey -

More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to careers offshore.  “It is only the...
NewsOilNOW -

Bechtel advances work on Guyana’s Berbice Deep-Water Port to support second gas development

Bechtel Corporation is progressing on developing a deep-water port at the Berbice River's mouth. On Wednesday, Bechtel executives met President Irfaan Ali, who stressed...
NewsOilNOW -

Trinidad extends 2025 deep-water bid round deadline to September 17

The deadline for Trinidad and Tobago’s 2025 deep-water competitive bidding round has been extended by nearly three months. Bids are now due by noon...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

From curiosity to career: Trainee Derrickman finds purpose on Stena DrillMAX

Steve Sirkissoon has always been fascinated by the offshore world. Now, as a trainee derrickman aboard the Stena DrillMAX, he's living that dream. “It's a...

Oil Law 101

Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 5)

In Management Themes (Part 4), we completed our discussion on exploration and discovery.  Through the provisions of the Petroleum Activities Act 17 of 2023...

Local Content

NewsOilNOW -

Local content policies in oil-producing countries: a comparative look with focus on Suriname

Local content policies are increasingly used by oil-producing nations to ensure that petroleum extraction generates long-term economic benefits for local populations. These policies typically...

Regional

Latest News

NewsOilNOW -

Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of a broader government effort to...
News

Namibia studying Guyana’s oil model to shape new sector 

Shikema Dey -
Namibia is looking to Guyana for guidance as it builds out its oil and gas industry, following major offshore...
News

More Guyanese technicians graduate from FacTor training program 

Shikema Dey -
SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...
News

Bechtel advances work on Guyana’s Berbice Deep-Water Port to support second gas development

OilNOW -
Bechtel Corporation is progressing on developing a deep-water port at the Berbice River's mouth. On Wednesday, Bechtel executives met...
News

Trinidad extends 2025 deep-water bid round deadline to September 17

OilNOW -
The deadline for Trinidad and Tobago’s 2025 deep-water competitive bidding round has been extended by nearly three months. Bids...
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Exploration

ExplorationOilNOW -

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

ExxonMobil and Shell were the most active high-impact oil and gas explorers between 2020 and 2024, according to energy intelligence firm Westwood Global Energy...
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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...
Exploration

Guyana-Suriname Basin, Brazil among busiest regions this year for high-impact drill campaigns

OilNOW -
High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to...
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Production

Guyana's Oil LedgerKemol King -

Production surges at Exxon’s Liza 2 and Payara projects

In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara...
Guyana's Oil Ledger

March oil output averages 627,000 b/d as Guyana closes Q1 with strong production 

Kemol King -
Offshore oil production in Guyana averaged 627,000 barrels per day (b/d) in March 2025, a modest dip from February’s...
Guyana's Oil Ledger

Guyana’s rate of oil output increased by 5% in February

Kemol King -
Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average...

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 

OilNOW -
(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

OilNOW -
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’s May oil output hits new high as Liza 2 and Payara ramp up

Guyana’s offshore oil production reached a new milestone in May 2025, averaging an all-time high of 667,000 barrels per day (b/d). The surge represents...

Energy Insights

Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resource Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resource Fund (the Fund) established under the...

Sponsored Content

NewsOilNOW -

Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation practices and network reliability. Chief...

Opinions

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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