Latest News

NewsOilNOW -

Liza Unity is world’s first FPSO to receive ABS SUSTAIN-2 Notation

The Liza Unity has become the first floating production, storage and offloading (FPSO) vessel to receive the SUSTAIN-2 notation from the American Bureau of...
NewsOilNOW -

Exxon says its focus is on long-term collaboration as Guyana elections draw near

As Guyana prepares for presidential elections this year, ExxonMobil says its focus in on long-term collaboration with the South American country and working with...
NewsOilNOW -

Guyana ranks 5th largest crude oil exporter in Latin America – Forbes 

Forbes has ranked Guyana as the 5th largest crude oil producer in the Latin American (LATAM) region. Guyana comes “after Brazil, Mexico, Venezuela, and...
NewsOilNOW -

Third Local Content Summit billed for April 8 in Guyana

The South American oil-producing nation of Guyana will host its third Local Content Summit on April 8, bringing together key stakeholders to enhance participation...
Energy InsightsChevy Devonish -

Decision by Guyana’s High Court recognising a foreign arbitration award against Venezuela augurs well for Guyana’s reputation as an arbitration hub

In 2024, Guyana’s High Court registered/recognised two foreign awards in court actions brought by ConocoPhillips Gulf of Paria against Venezuela. The company seeks access...
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Latest News

NewsOilNOW -

Liza Unity is world’s first FPSO to receive ABS SUSTAIN-2 Notation

The Liza Unity has become the first floating production, storage and offloading (FPSO) vessel to receive the SUSTAIN-2 notation from the American Bureau of...
NewsOilNOW -

Exxon says its focus is on long-term collaboration as Guyana elections draw near

As Guyana prepares for presidential elections this year, ExxonMobil says its focus in on long-term collaboration with the South American country and working with...
NewsOilNOW -

Guyana ranks 5th largest crude oil exporter in Latin America – Forbes 

Forbes has ranked Guyana as the 5th largest crude oil producer in the Latin American (LATAM) region. Guyana comes “after Brazil, Mexico, Venezuela, and...
NewsOilNOW -

Third Local Content Summit billed for April 8 in Guyana

The South American oil-producing nation of Guyana will host its third Local Content Summit on April 8, bringing together key stakeholders to enhance participation...
Energy InsightsChevy Devonish -

Decision by Guyana’s High Court recognising a foreign arbitration award against Venezuela augurs well for Guyana’s reputation as an arbitration hub

In 2024, Guyana’s High Court registered/recognised two foreign awards in court actions brought by ConocoPhillips Gulf of Paria against Venezuela. The company seeks access...
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Stories beyond the barrel

Stories Beyond the BarrelOilNOW -

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

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...

Oil Law 101

Oil Law 101Joanna Simmons -

The Petroleum Activities Act Series

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...

Local Content

NewsShikema Dey -

100% of scaffolding, transportation, immigration support services being provided by Guyanese to oil sector 

Local businesses in Guyana are now providing 100% of several key services to the oil and gas sector, showing advancements in local content development....

Regional

Latest News

NewsOilNOW -

Liza Unity is world’s first FPSO to receive ABS SUSTAIN-2 Notation

The Liza Unity has become the first floating production, storage and offloading (FPSO) vessel to receive the SUSTAIN-2 notation from the American Bureau of...
News

Exxon says its focus is on long-term collaboration as Guyana elections draw near

OilNOW -
As Guyana prepares for presidential elections this year, ExxonMobil says its focus in on long-term collaboration with the South...
News

Guyana ranks 5th largest crude oil exporter in Latin America – Forbes 

OilNOW -
Forbes has ranked Guyana as the 5th largest crude oil producer in the Latin American (LATAM) region. Guyana comes...
News

Third Local Content Summit billed for April 8 in Guyana

OilNOW -
The South American oil-producing nation of Guyana will host its third Local Content Summit on April 8, bringing together...
Energy Insights

Decision by Guyana’s High Court recognising a foreign arbitration award against Venezuela augurs well for Guyana’s reputation as an arbitration hub

Chevy Devonish -
In 2024, Guyana’s High Court registered/recognised two foreign awards in court actions brought by ConocoPhillips Gulf of Paria against...
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Exploration

ExplorationOilNOW -

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

High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this...
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Exploration

Noble Developer to drill three wells offshore Suriname

OilNOW -
Noble Corporation announced on Monday that it has entered an agreement with PETRONAS Suriname E&P B.V. for the high-specification...
Exploration

Exxon continues appraisal of Haimara gas discovery

OilNOW -
ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said...
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Production

Guyana's Oil LedgerKemol King -

Guyana’s oil production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...
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...
News

Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

OilNOW -
Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six...
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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 oil production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...

Energy Insights

Energy InsightsChevy Devonish -

Decision by Guyana’s High Court recognising a foreign arbitration award against Venezuela augurs well for Guyana’s reputation as an arbitration hub

In 2024, Guyana’s High Court registered/recognised two foreign awards in court actions brought by ConocoPhillips Gulf of Paria against Venezuela. The company seeks access...

Sponsored Content

NewsOilNOW -

Eight Guyanese form first cohort of MODEC’s trainee program in Guyana

Eight Guyanese have been selected for the inaugural cohort of MODEC's newly launched trainee program in Guyana, designed to offer global training, hands-on experience,...

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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