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Discoveries

Exxon makes two more Guyana discoveries in incredible 2022 drill campaign

OilNOW -
Stabroek Block operator ExxonMobil and its partners have made a double discovery – now a total of seven discoveries for the year 2022. The discoveries were made at the Seabob and Kiru-Kiru wells, southeast of the Liza and Payara developments. The...
News

Guyana raked in over GY$48B in oil revenues in second quarter

OilNOW -
In just three months, Guyana received a total of GY$48,406,316,589 (US$232,164,587.96) in royalty and profit oil payments in the Natural Resource Fund (NRF), according to a notice published in the Official Gazette dated July 18, 2022. Giving a breakdown, the Finance...
Exploration

Impact study required for 35-well campaign at Stabroek Block – EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) said in a notice over the weekend that an Environmental Impact Assessment (EIA) of the cumulative effects of a 35-well campaign proposed by ExxonMobil at the Stabroek Block, is required before a determination can...
News

Guyana’s oil fund earns GY$266M interest in Q2

OilNOW -
During the second quarter ended June 30, 2022, Guyana’s Natural Resource Fund (NRF) recorded a profit of GY$266.04 million (US$1.28 million) solely due to interest earned on deposits, says manager of the account, Central Bank of Guyana.  During the quarter,...
Discoveries

Despite multiple discoveries, no timeline yet for first oil in Suriname

OilNOW -
Suriname’s Block 58 has churned out five discoveries in total, but operator TotalEnergies E&P Suriname B.V. is yet to make a Final Investment Decision (FID). Government officials expressed hope during the recently held Suriname Energy, Oil and Gas Conference (SEOGS) that this...
News

Could Block 58 become the next Stabroek?

OilNOW -
Controlled by TotalEnergies and APA Corporation, Block 58 has churned out major discoveries – five thus far. Though few, compared to Guyana’s Stabroek Block, the discoveries have piqued investor interest leaving a lingering question – could Block 58 become...
News

Seven NOCs from Middle East, Russia and Venezuela own half the world’s remaining resources

OilNOW -
Seven giant National Oil Companies (NOCs) can continue to produce at their current rates for another 40-60 years from existing resources, and even longer, if they convert some of what is currently considered contingent resource into commercial. This is...
News

Guyana now producing over 300,000 barrels of oil per day – Bharrat

OilNOW -
The start-up of Phase 2 of the Liza Development has pushed daily output in South America’s newest oil producing nation to above 300,000 barrels per day. The Liza Unity floating, production, storage, and offloading (FPSO) vessel arrived at the ExxonMobil-operated...
News

Guyana seeking Gas-to-Energy project manager

OilNOW -
Guyana’s Ministry of Natural Resources has issued a request for proposals (RFP) for consultancy services related to the historic Gas-to-Energy project. The government needs the consultant to supervise the development of the integrated natural gas liquids (NGL) plant and...
News

With every question answered, Gas-to-Energy must now move forward – President Ali

OilNOW -
Promoting the upcoming Gas-to-Energy project, Guyana President Dr. Mohamed Irfaan Ali said the landmark energy initiative has undergone every single test of public scrutiny and passed. “As far as I’m aware, every single question has been provided with an answer...
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Baker Hughes backlog hits record US$32.1 billion as LNG, offshore orders surge

Baker Hughes has reported a record $32.1 billion backlog in the third quarter of 2025, driven by strong orders...

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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