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Exploration

‘Biodegradation risk’ could hamper some of Guyana’s offshore developments – S&P Global

OilNOW -
Although being the holder of the world’s 17th largest oil reserves with an exploration success rate that is more than double the global average, offshore operations in the Guyana basin still come with risks. In its latest assessment and...
Exploration

Exxon looking to deliver more pay as drilling operations continue at Tarpon, Fangtooth

OilNOW -
ExxonMobil’s campaign to find more hydrocarbons at Guyana’s largest block remains in high gear at the start of 2023 with exploration drilling operations continuing at the Tarpon and Fangtooth well sites. According to a notice from the Maritime Administration Department...
News

Guyana Oil & Gas: What to look forward to in 2023

Kemol King -
Every new year in the development of Guyana’s oil and gas sector has arguably been bigger than the one before it. With new project start-ups, increasing oil production, and more revenues to the country, 2023 is tipped to continue...
News

2022: Guyana’s biggest year for oil and gas exploration

Shikema Dey -
ExxonMobil and Stabroek Block co-venturers, Hess and CNOOC, marked 2022 with a slew of new discoveries. It has been described as the best exploration year in Guyana so far, with a total of nine discoveries announced at Stabroek and...
News

Milestone approvals in 2022 could catapult Guyana to energy, business hotspot

Kemol King -
The Guyana government approved two projects in 2022, that represent major milestones in the small South American nation’s mission to become a developed nation – Yellowtail and Gas-to-Energy. Both projects feature the involvement of oil major ExxonMobil and its...
News

Guyana ties with Saudia Arabia for highest volume of oil and gas added since 2015 – S&P Global Platts

Shikema Dey -
Unprecedented. That best describes Guyana’s oil and gas industry’s ascent in just seven short years. And S&P Global Platts believes that the country has set a new paradigm for accelerated deepwater development. In its latest report, S&P outlined that Guyana...
News

Competitive fiscal terms pushing pace of development in Guyana ‘super basin’- S&P Global

Shikema Dey -
Guyana’s attractive and competitive fiscal terms have been pushing its unrivaled pace of deep-water development in the Stabroek Block. This has seen the country move from a non-oil producer just seven years ago, to what is now projected to...
News

Engineering, risk management professionals will be in high demand for Guyana’s oil sector in five years – ILO Report

OilNOW -
Considering Guyana’s accelerated pace of production in the Stabroek Block, the International Labour Organisation (ILO) has found that there will be a high demand for engineering and risk management professionals over the next five years. This was noted in the...
News

Guyana’s pronounced skills gap could slow down oil sector growth – ILO Report

OilNOW -
While the accelerated expansion of the oil and gas operations in the Stabroek Block has earned Guyana the title of being the fastest-growing economy in the world, weaknesses in its labour force could have harmful effects on its development...
News

Guyana commits US$1.6M to bolster regulatory oversight of oil and gas

OilNOW -
The Guyana government has utilised portions of a US$20 million World Bank loan to enhance operational efficiencies within the oil and gas sector. OilNOW understands that a two-year contract was granted this year to vLex Justis Limited, which is headquartered in the United Kingdom, to provide...
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Guyana Pavilion opens to thousands at world’s largest oil and gas conference in Texas 

The Guyana Pavilion officially opened Monday at the 2025 Offshore Technology Conference (OTC), taking place at NRG Park in...

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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