Latest News

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Guyana passes House motion condemning Venezuela’s Essequibo vote plans

Guyana’s Parliament passed a motion on Friday, condemning Venezuela’s decision to hold elections in the Essequibo region. The move affirms the country’s sovereignty over...
Stories Beyond the BarrelShikema Dey -

Founder of UG’s Petroleum Engineers Chapter builds industry bridges for students

Kezia Chinian is in her final year of Petroleum Engineering at the University of Guyana. She did not initially set out to work in...
NewsIşıl Güneş Gaté -

The Future of Oil in Suriname: Insights from political parties ahead of Sunday’s polls 

Paramaribo, Suriname - As Suriname approaches general elections on May 25, the nation’s burgeoning oil and gas sector stands at the forefront of political...
NewsOilNOW -

Arbitration hearing for Monday over Chevron’s claim to Hess’ Guyana oil asset

A high-stakes arbitration hearing over Chevron’s proposed $53 billion acquisition of Hess Corporation is set to begin Monday in London. The hearing will focus...
NewsOilNOW -

Guyana nominates candidates for sole expert to resolve US$214 million audit dispute with Exxon-led group

Guyana has nominated multiple candidates for the role of sole expert to resolve a dispute with ExxonMobil and its partners over US$214 million in...
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Latest News

NewsOilNOW -

Guyana passes House motion condemning Venezuela’s Essequibo vote plans

Guyana’s Parliament passed a motion on Friday, condemning Venezuela’s decision to hold elections in the Essequibo region. The move affirms the country’s sovereignty over...
Stories Beyond the BarrelShikema Dey -

Founder of UG’s Petroleum Engineers Chapter builds industry bridges for students

Kezia Chinian is in her final year of Petroleum Engineering at the University of Guyana. She did not initially set out to work in...
NewsIşıl Güneş Gaté -

The Future of Oil in Suriname: Insights from political parties ahead of Sunday’s polls 

Paramaribo, Suriname - As Suriname approaches general elections on May 25, the nation’s burgeoning oil and gas sector stands at the forefront of political...
NewsOilNOW -

Arbitration hearing for Monday over Chevron’s claim to Hess’ Guyana oil asset

A high-stakes arbitration hearing over Chevron’s proposed $53 billion acquisition of Hess Corporation is set to begin Monday in London. The hearing will focus...
NewsOilNOW -

Guyana nominates candidates for sole expert to resolve US$214 million audit dispute with Exxon-led group

Guyana has nominated multiple candidates for the role of sole expert to resolve a dispute with ExxonMobil and its partners over US$214 million in...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

Founder of UG’s Petroleum Engineers Chapter builds industry bridges for students

Kezia Chinian is in her final year of Petroleum Engineering at the University of Guyana. She did not initially set out to work in...

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

NewsIşıl Güneş Gaté -

The Future of Oil in Suriname: Insights from political parties ahead of Sunday’s polls 

Paramaribo, Suriname - As Suriname approaches general elections on May 25, the nation’s burgeoning oil and gas sector stands at the forefront of political...

Regional

Latest News

NewsOilNOW -

Guyana passes House motion condemning Venezuela’s Essequibo vote plans

Guyana’s Parliament passed a motion on Friday, condemning Venezuela’s decision to hold elections in the Essequibo region. The move affirms the country’s sovereignty over...
Stories Beyond the Barrel

Founder of UG’s Petroleum Engineers Chapter builds industry bridges for students

Shikema Dey -
Kezia Chinian is in her final year of Petroleum Engineering at the University of Guyana. She did not initially...
News

The Future of Oil in Suriname: Insights from political parties ahead of Sunday’s polls 

Işıl Güneş Gaté -
Paramaribo, Suriname - As Suriname approaches general elections on May 25, the nation’s burgeoning oil and gas sector stands...
News

Arbitration hearing for Monday over Chevron’s claim to Hess’ Guyana oil asset

OilNOW -
A high-stakes arbitration hearing over Chevron’s proposed $53 billion acquisition of Hess Corporation is set to begin Monday in...
News

Guyana nominates candidates for sole expert to resolve US$214 million audit dispute with Exxon-led group

OilNOW -
Guyana has nominated multiple candidates for the role of sole expert to resolve a dispute with ExxonMobil and its...
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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 -

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

Offshore oil production in Guyana averaged 627,000 barrels per day (b/d) in March 2025, a modest dip from February’s 648,000 b/d. Despite the daily...
Guyana's Oil Ledger

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

Kemol King -
Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August...
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...
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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 got US$900 million from oil in first four months of 2025

Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of the end of April, Bank...

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...

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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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