Latest News

NewsOilNOW -

IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the steepest since 2016. This is...
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...
NewsOilNOW -

Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has warned that deadly force will be used against unidentified vessels entering the country’s waters from Venezuela,...
NewsOilNOW -

400 Guyanese supporting Noble’s offshore operations 

Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According to its 2024 Sustainability Report,...
NewsOilNOW -

SBM Offshore exits Equatorial Guinea with sale of FPSO Aseng Stake

SBM Offshore has signed a share purchase agreement to sell its entire equity interest in the lease and operating entities of the FPSO Aseng...
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Latest News

NewsOilNOW -

IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the steepest since 2016. This is...
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...
NewsOilNOW -

Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has warned that deadly force will be used against unidentified vessels entering the country’s waters from Venezuela,...
NewsOilNOW -

400 Guyanese supporting Noble’s offshore operations 

Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According to its 2024 Sustainability Report,...
NewsOilNOW -

SBM Offshore exits Equatorial Guinea with sale of FPSO Aseng Stake

SBM Offshore has signed a share purchase agreement to sell its entire equity interest in the lease and operating entities of the FPSO Aseng...
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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 -

400 Guyanese supporting Noble’s offshore operations 

Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According to its 2024 Sustainability Report,...

Regional

Latest News

NewsOilNOW -

IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the steepest since 2016. This is...
Stories Beyond the Barrel

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

Shikema Dey -
Steve Sirkissoon has always been fascinated by the offshore world. Now, as a trainee derrickman aboard the Stena DrillMAX,...
News

Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

OilNOW -
Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has warned that deadly force will be used against unidentified vessels entering...
News

400 Guyanese supporting Noble’s offshore operations 

OilNOW -
Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According...
News

SBM Offshore exits Equatorial Guinea with sale of FPSO Aseng Stake

OilNOW -
SBM Offshore has signed a share purchase agreement to sell its entire equity interest in the lease and operating...
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Exploration

ExplorationOilNOW -

ExxonMobil to appraise 2022 Barreleye discovery 

ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April 6, using the Stena Carron...
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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...
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...
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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...
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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 -

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...

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 -

MODEC partners with STEMGuyana to support learning pods

MODEC has partnered with STEMGuyana to support its Learning Pods initiative, ensuring continued access to after-school education in Math, Science, English, and Technology for...

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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