Latest News

NewsOilNOW -

MODEC seeks laboratory partner for potable water testing in Guyana

MODEC is inviting expressions of interest (EOI) for laboratory testing of potable water samples from its offshore fleet in Guyana. The company requires physical, chemical,...
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...
NewsOilNOW -

Bharrat: Local Content law not a shield for mediocrity or overpricing

Guyana’s Minister of Natural Resources, Vickram Bharrat, has warned that the country’s Local Content law must not be misused by local companies as a...
NewsOilNOW -

Local Content value to surpass US$847M in 2025 — Pertab

The Local Content Secretariat expects the value of local content in Guyana's oil and gas sector to exceed US$847 million in 2025. This marks...
NewsOilNOW -

Hess to return 94% of net undeveloped acreage to Guyana and Suriname by 2028

According to its 2024 annual report, Hess Corporation plans to return 94% of its net undeveloped acreage, primarily to Guyana and Suriname, over the...
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Latest News

NewsOilNOW -

MODEC seeks laboratory partner for potable water testing in Guyana

MODEC is inviting expressions of interest (EOI) for laboratory testing of potable water samples from its offshore fleet in Guyana. The company requires physical, chemical,...
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...
NewsOilNOW -

Bharrat: Local Content law not a shield for mediocrity or overpricing

Guyana’s Minister of Natural Resources, Vickram Bharrat, has warned that the country’s Local Content law must not be misused by local companies as a...
NewsOilNOW -

Local Content value to surpass US$847M in 2025 — Pertab

The Local Content Secretariat expects the value of local content in Guyana's oil and gas sector to exceed US$847 million in 2025. This marks...
NewsOilNOW -

Hess to return 94% of net undeveloped acreage to Guyana and Suriname by 2028

According to its 2024 annual report, Hess Corporation plans to return 94% of its net undeveloped acreage, primarily to Guyana and Suriname, over the...
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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

NewsOilNOW -

Bharrat: Local Content law not a shield for mediocrity or overpricing

Guyana’s Minister of Natural Resources, Vickram Bharrat, has warned that the country’s Local Content law must not be misused by local companies as a...

Regional

Latest News

NewsOilNOW -

MODEC seeks laboratory partner for potable water testing in Guyana

MODEC is inviting expressions of interest (EOI) for laboratory testing of potable water samples from its offshore fleet in Guyana. The company requires physical, chemical,...
Exploration

ExxonMobil to appraise 2022 Barreleye discovery 

OilNOW -
ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April...
News

Bharrat: Local Content law not a shield for mediocrity or overpricing

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, has warned that the country’s Local Content law must not be misused...
News

Local Content value to surpass US$847M in 2025 — Pertab

OilNOW -
The Local Content Secretariat expects the value of local content in Guyana's oil and gas sector to exceed US$847...
News

Hess to return 94% of net undeveloped acreage to Guyana and Suriname by 2028

OilNOW -
According to its 2024 annual report, Hess Corporation plans to return 94% of its net undeveloped acreage, primarily to...
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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 -

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...

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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