Latest News

NewsOilNOW -

Stabroek Block yields 8 successful wells in 2024 – Hess

ExxonMobil drilled eight successful exploration and appraisal wells in the Stabroek Block last year, according to Hess’s latest annual report.  All eight wells “encountered hydrocarbons”,...
NewsOilNOW -

TT Chamber urges gov’t to focus on gas fields in EEZ after U.S. pulls Venezuela cross-border licenses

The Energy Chamber of Trinidad and Tobago (TT) has stated that the country must urgently pursue natural gas opportunities in its exclusive economic zone...
OpinionsOilNOW -

Letter-to-the-Editor: Reduced fish catch is in no way linked to oil production

Dear Editor, The production of oil and gas offshore Guyana is once again being labeled responsible for the low fish catch being experienced by fisherfolk....
NewsOilNOW -

Hess’ Guyana assets beat U.S. oil output second year in a row

Hess’ Guyana net oil production in 2024 beat its U.S. output for the second time, the company said in its annual report.  Net Guyana output...
NewsOilNOW -

US kills licenses for Trinidad and Tobago’s cross-border gas projects with Venezuela 

The United States government has revoked the licenses granted to Trinidad and Tobago for the Dragon and Manakin-Cocuina cross-border gas fields. Prime Minister Stuart Young...
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Latest News

NewsOilNOW -

Stabroek Block yields 8 successful wells in 2024 – Hess

ExxonMobil drilled eight successful exploration and appraisal wells in the Stabroek Block last year, according to Hess’s latest annual report.  All eight wells “encountered hydrocarbons”,...
NewsOilNOW -

TT Chamber urges gov’t to focus on gas fields in EEZ after U.S. pulls Venezuela cross-border licenses

The Energy Chamber of Trinidad and Tobago (TT) has stated that the country must urgently pursue natural gas opportunities in its exclusive economic zone...
OpinionsOilNOW -

Letter-to-the-Editor: Reduced fish catch is in no way linked to oil production

Dear Editor, The production of oil and gas offshore Guyana is once again being labeled responsible for the low fish catch being experienced by fisherfolk....
NewsOilNOW -

Hess’ Guyana assets beat U.S. oil output second year in a row

Hess’ Guyana net oil production in 2024 beat its U.S. output for the second time, the company said in its annual report.  Net Guyana output...
NewsOilNOW -

US kills licenses for Trinidad and Tobago’s cross-border gas projects with Venezuela 

The United States government has revoked the licenses granted to Trinidad and Tobago for the Dragon and Manakin-Cocuina cross-border gas fields. Prime Minister Stuart Young...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

Meet Elroy Vankennie: GYSBI’s first Guyanese QHSSE Manager 

Elroy Vankennie is the first Guyanese to hold the role of Quality Health Safety Security and Environment (QHSSE) Manager at Guyana Shore Base Inc....

Oil Law 101

Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 2)

Management Themes (Part 1) explored the ownership, licensing and environmental management themes and highlighted corresponding legislative provisions within the Petroleum Activities Act 17 of...

Local Content

NewsShikema Dey -

Ali: Guyanese must invest in the country’s energy future 

President Dr. Irfaan Ali made a strong call for Guyanese investors to directly participate in the country’s booming energy sector. Speaking at the 2025...

Regional

Latest News

NewsOilNOW -

Stabroek Block yields 8 successful wells in 2024 – Hess

ExxonMobil drilled eight successful exploration and appraisal wells in the Stabroek Block last year, according to Hess’s latest annual report.  All eight wells “encountered hydrocarbons”,...
News

TT Chamber urges gov’t to focus on gas fields in EEZ after U.S. pulls Venezuela cross-border licenses

OilNOW -
The Energy Chamber of Trinidad and Tobago (TT) has stated that the country must urgently pursue natural gas opportunities...
Opinions

Letter-to-the-Editor: Reduced fish catch is in no way linked to oil production

OilNOW -
Dear Editor, The production of oil and gas offshore Guyana is once again being labeled responsible for the low fish...
News

Hess’ Guyana assets beat U.S. oil output second year in a row

OilNOW -
Hess’ Guyana net oil production in 2024 beat its U.S. output for the second time, the company said in...
News

US kills licenses for Trinidad and Tobago’s cross-border gas projects with Venezuela 

OilNOW -
The United States government has revoked the licenses granted to Trinidad and Tobago for the Dragon and Manakin-Cocuina cross-border...
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Exploration

ExplorationOilNOW -

Guyana-Suriname Basin, Brazil among busiest regions this year for high-impact drill campaigns

High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this...
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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...
Exploration

Exxon continues appraisal of Haimara gas discovery

OilNOW -
ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said...
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Production

Guyana's Oil LedgerKemol King -

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

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...
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...
News

Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

OilNOW -
Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six...
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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’s rate of oil output increased by 5% in February

Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average of 648,000 barrels per day...

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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