Latest News

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Baker Hughes posts record Q1 results, secures key Guyana and global deals

Baker Hughes announced strong first-quarter results, driven by “record orders and major contract wins. The company released its 2025 quarter report on April 22, revealing...
NewsOilNOW -

MODEC’s Guyana work accounted for 33% of its 2024 revenue

In 2024, a third of MODEC's total revenue came from its operations in Guyana, as the company gears up to supply a large floating...
NewsOilNOW -

IMF forecasts another year of double-digit economic growth for Guyana 

Guyana is expected to be one of just two countries in the world to post double-digit economic growth in 2025, according to the International...
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Trinidad & Tobago working with the U.S. to secure its energy future after Dragon gas termination

Trinidad and Tobago and the United States have committed to working together to ensure the Caribbean country’s energy future, a recent statement from the...
NewsOilNOW -

Petrobas advancing drill campaign at Equatorial Margin; says success in locations like Guyana promising

Brazil’s majority state-owned multinational corporation, Petrobras, has confirmed that the Equatorial Margin may hold more than 30 billion barrels of oil, citing recent estimates...
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Latest News

NewsOilNOW -

Baker Hughes posts record Q1 results, secures key Guyana and global deals

Baker Hughes announced strong first-quarter results, driven by “record orders and major contract wins. The company released its 2025 quarter report on April 22, revealing...
NewsOilNOW -

MODEC’s Guyana work accounted for 33% of its 2024 revenue

In 2024, a third of MODEC's total revenue came from its operations in Guyana, as the company gears up to supply a large floating...
NewsOilNOW -

IMF forecasts another year of double-digit economic growth for Guyana 

Guyana is expected to be one of just two countries in the world to post double-digit economic growth in 2025, according to the International...
NewsOilNOW -

Trinidad & Tobago working with the U.S. to secure its energy future after Dragon gas termination

Trinidad and Tobago and the United States have committed to working together to ensure the Caribbean country’s energy future, a recent statement from the...
NewsOilNOW -

Petrobas advancing drill campaign at Equatorial Margin; says success in locations like Guyana promising

Brazil’s majority state-owned multinational corporation, Petrobras, has confirmed that the Equatorial Margin may hold more than 30 billion barrels of oil, citing recent estimates...
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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 3)

In Management Themes (Part 2), we saw that access to Guyana’s petroleum resources is primarily done through the conduct and regulation of petroleum operations....

Local Content

NewsOilNOW -

Halliburton launches 2025 recruitment for development excellence engineer program in Guyana

Halliburton has announced the launch of its 2025 recruitment drive for the Development Excellence Engineer Program (DEEP) in Guyana. The global energy services provider is...

Regional

Latest News

NewsOilNOW -

Baker Hughes posts record Q1 results, secures key Guyana and global deals

Baker Hughes announced strong first-quarter results, driven by “record orders and major contract wins. The company released its 2025 quarter report on April 22, revealing...
News

MODEC’s Guyana work accounted for 33% of its 2024 revenue

OilNOW -
In 2024, a third of MODEC's total revenue came from its operations in Guyana, as the company gears up...
News

IMF forecasts another year of double-digit economic growth for Guyana 

OilNOW -
Guyana is expected to be one of just two countries in the world to post double-digit economic growth in...
News

Trinidad & Tobago working with the U.S. to secure its energy future after Dragon gas termination

OilNOW -
Trinidad and Tobago and the United States have committed to working together to ensure the Caribbean country’s energy future,...
News

Petrobas advancing drill campaign at Equatorial Margin; says success in locations like Guyana promising

OilNOW -
Brazil’s majority state-owned multinational corporation, Petrobras, has confirmed that the Equatorial Margin may hold more than 30 billion barrels...
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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 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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