Latest News

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Guyana gov’t working with U.S. firm on port that will support second gas project

International engineering giant Bechtel is working closely with the Government of Guyana to develop a deep-water port in Berbice, Region Rix (East Berbice-Corentyne). This...
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Cranes Guyana Inc. to develop US$285M port in Berbice – President Ali 

Muneshwers Limited and John Fernandes Limited, through its joint venture Cranes Guyana Inc., will invest over US$285 million for a modern port facility in...
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Chevron returns oil to Venezuela ahead of U.S. sanctions deadline

Venezuelan state oil firm Petroleos de Venezuela SA (PDVSA) has ordered Chevron Corporation to return nearly one million barrels of oil, amid payment uncertainty...
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Hess maintains potential for up to 10 FPSOs offshore Guyana

Hess Corporation said in its 2024 annual report that potential remains for up to 10 floating, production, storage and offloading vessels (FPSOs) offshore Guyana,...
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ExxonMobil achieves record 4.3 million barrels per day in 2024; the highest in over a decade

ExxonMobil produced 4.3 million oil-equivalent barrels per day in 2024, the company’s highest rate in over a decade, according to its recently published annual...
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Latest News

NewsOilNOW -

Guyana gov’t working with U.S. firm on port that will support second gas project

International engineering giant Bechtel is working closely with the Government of Guyana to develop a deep-water port in Berbice, Region Rix (East Berbice-Corentyne). This...
NewsOilNOW -

Cranes Guyana Inc. to develop US$285M port in Berbice – President Ali 

Muneshwers Limited and John Fernandes Limited, through its joint venture Cranes Guyana Inc., will invest over US$285 million for a modern port facility in...
NewsOilNOW -

Chevron returns oil to Venezuela ahead of U.S. sanctions deadline

Venezuelan state oil firm Petroleos de Venezuela SA (PDVSA) has ordered Chevron Corporation to return nearly one million barrels of oil, amid payment uncertainty...
NewsOilNOW -

Hess maintains potential for up to 10 FPSOs offshore Guyana

Hess Corporation said in its 2024 annual report that potential remains for up to 10 floating, production, storage and offloading vessels (FPSOs) offshore Guyana,...
NewsOilNOW -

ExxonMobil achieves record 4.3 million barrels per day in 2024; the highest in over a decade

ExxonMobil produced 4.3 million oil-equivalent barrels per day in 2024, the company’s highest rate in over a decade, according to its recently published annual...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

Christina Ramroop drives bold local content action at Stena Drilling

Christina Ramroop serves as Stena Drilling’s Administration and Local Content Officer in Guyana. Her role allows her to develop professionally while making a meaningful...

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

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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 -

Guyana gov’t working with U.S. firm on port that will support second gas project

International engineering giant Bechtel is working closely with the Government of Guyana to develop a deep-water port in Berbice, Region Rix (East Berbice-Corentyne). This...
News

Cranes Guyana Inc. to develop US$285M port in Berbice – President Ali 

OilNOW -
Muneshwers Limited and John Fernandes Limited, through its joint venture Cranes Guyana Inc., will invest over US$285 million for...
News

Chevron returns oil to Venezuela ahead of U.S. sanctions deadline

OilNOW -
Venezuelan state oil firm Petroleos de Venezuela SA (PDVSA) has ordered Chevron Corporation to return nearly one million barrels...
News

Hess maintains potential for up to 10 FPSOs offshore Guyana

OilNOW -
Hess Corporation said in its 2024 annual report that potential remains for up to 10 floating, production, storage and...
News

ExxonMobil achieves record 4.3 million barrels per day in 2024; the highest in over a decade

OilNOW -
ExxonMobil produced 4.3 million oil-equivalent barrels per day in 2024, the company’s highest rate in over a decade, according...
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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

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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

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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

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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 first quarter oil revenues top US$600 million despite lower prices

Guyana’s Natural Resource Fund (NRF) recorded deposits totaling US$605.46 million (GY$126.24 billion) in the first quarter of 2025, representing earnings from the sale of...

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

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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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