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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname. The decision was made on...
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Guyana gas resources set to power new state-of-the-art AI data centre

In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of Guyana and Cerebras Systems  –...
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Exxon’s 2025 Golden Lane well targets positioned updip for optimal hydrocarbon recovery

Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the...
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Chevron to help test deeper reservoirs and unlock more barrels in Guyana Stabroek Block – Vice Chair Nelson

Chevron expects that Guyana’s prolific Stabroek Block could hold more than its current estimate of 11 billion barrels of oil equivalent and plans to...
NewsOilNOW -

‘Minor’ changes made to non-fiscal terms in Guyana’s new PSA – Bharrat 

Minor changes have been made to the non-fiscal terms in Guyana’s new model Production Sharing Agreement (PSA), according to Minister of Natural Resources, Vickram...
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Latest News

NewsOilNOW -

Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname. The decision was made on...
NewsOilNOW -

Guyana gas resources set to power new state-of-the-art AI data centre

In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of Guyana and Cerebras Systems  –...
NewsOilNOW -

Exxon’s 2025 Golden Lane well targets positioned updip for optimal hydrocarbon recovery

Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the...
NewsOilNOW -

Chevron to help test deeper reservoirs and unlock more barrels in Guyana Stabroek Block – Vice Chair Nelson

Chevron expects that Guyana’s prolific Stabroek Block could hold more than its current estimate of 11 billion barrels of oil equivalent and plans to...
NewsOilNOW -

‘Minor’ changes made to non-fiscal terms in Guyana’s new PSA – Bharrat 

Minor changes have been made to the non-fiscal terms in Guyana’s new model Production Sharing Agreement (PSA), according to Minister of Natural Resources, Vickram...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

From chemistry to cargo: How Natina Singh became ExxonMobil Guyana’s first Operations and Logistics Superintendent

When Natina Singh began her academic journey in chemistry, she never imagined she would one day be managing logistics and operations at ExxonMobil Guyana’s...

Fuel For Thought

Fuel for ThoughtJoanna Simmons -

The PAA Series: Environmental Management – Decommissioning (Part 3)

In PAA Series: Environmental Management - Decommissioning Part 2, we highlighted that, “The most significant steps in reducing adverse environmental influence are for the...

Rules of the Game

Rules of the GameIşıl Güneş -

From Ministry of Natural Resources to Ministry of Oil & Gas and Environment: What does this change really mean

Suriname published a new State Decree S.B. 2025 No. 124 on October 22, with the name of ‘Decree on Task Description of Ministries 2025’...

Local Content

NewsShikema Dey -

Guyana inks new deal with some of the world’s largest oil companies, secures US$15M signing bonus

A consortium of Petronas, QatarEnergy and TotalEnergies signed its Petroleum Exploration License for the S4 shallow block in Guyana’s offshore waters, a historic feat...

Regional

Latest News

NewsOilNOW -

Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname. The decision was made on...
News

Guyana gas resources set to power new state-of-the-art AI data centre

OilNOW -
In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of...
News

Exxon’s 2025 Golden Lane well targets positioned updip for optimal hydrocarbon recovery

OilNOW -
Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are...
News

Chevron to help test deeper reservoirs and unlock more barrels in Guyana Stabroek Block – Vice Chair Nelson

OilNOW -
Chevron expects that Guyana’s prolific Stabroek Block could hold more than its current estimate of 11 billion barrels of...
News

‘Minor’ changes made to non-fiscal terms in Guyana’s new PSA – Bharrat 

OilNOW -
Minor changes have been made to the non-fiscal terms in Guyana’s new model Production Sharing Agreement (PSA), according to...
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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...
Exploration

ExxonMobil to appraise 2022 Barreleye discovery 

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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

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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

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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana announced on Wednesday that the country’s daily oil production has reached a new milestone of 900,000 barrels per day, following the ramp-up...
Guyana's Oil Ledger

Yellowtail boost lifts Guyana’s oil output to 685,000 b/d in August

Kemol King -
Oil production offshore Guyana averaged 685,000 barrels per day (b/d) in August, up from 664,000 b/d in July, driven...
News

ONE GUYANA FPSO equipped to ensure uninterrupted gas handling offshore – GoG

Shikema Dey -
The Government of Guyana has confirmed that the ONE GUYANA floating production storage and offloading (FPSO) vessel is the...
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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 

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(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

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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 -

Yellowtail produced 134,000 b/d in September

Oil production at ExxonMobil's Yellowtail development offshore Guyana averaged 134,000 barrels per day (b/d), increasing from 75,000 b/d in the previous month, government data...

Energy Insights

Energy InsightsChevy Devonish -

New High Court Decision: Oil and Gas Litigation – EIAs are required for oil and gas exploration and production waste-management facilities 

The High Court of Guyana has ruled that an operation permit granted to Global Oil Environmental Services (Guyana) Inc. (GOES) to operate a waste-management...

Sponsored Content

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UAL launches new Caribbean shuttle service to enhance regional trade connectivity

UAL (Universal Africa Lines) has introduced the UAL Caribbean Shuttle, a fixed 9-day loop service linking Point Lisas (Trinidad & Tobago), Georgetown (Guyana), and...

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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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