Latest News

NewsOilNOW -

Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of...
NewsOilNOW -

Suriname contracts boost Halliburton’s global portfolio amid slower earnings

Halliburton has secured significant offshore exploration contracts in Suriname, strengthening its international footprint despite a revenue decline in the first quarter. Chairman, President and Chief...
NewsOilNOW -

GeoExpro: Deepwater exploration holds the key to future energy needs

Deepwater exploration is the final frontier for discovering the oil and gas needed to fuel the global energy transition, according to GeoExpro, a global...
NewsOilNOW -

ExxonMobil moves into new state-of-the-art, net-zero Kanuku complex in Guyana 

ExxonMobil Guyana Limited has officially moved into its cutting-edge, net-zero emissions complex located in Ogle on Guyana’s East Coast, marking a new chapter in...
NewsOilNOW -

IMF’s oil price revision suggests lower revenue for Guyana than projected 

Guyana’s government may collect less oil revenue in 2025 than it initially projected, following the International Monetary Fund’s (IMF) downward revision of global crude...
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Latest News

NewsOilNOW -

Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of...
NewsOilNOW -

Suriname contracts boost Halliburton’s global portfolio amid slower earnings

Halliburton has secured significant offshore exploration contracts in Suriname, strengthening its international footprint despite a revenue decline in the first quarter. Chairman, President and Chief...
NewsOilNOW -

GeoExpro: Deepwater exploration holds the key to future energy needs

Deepwater exploration is the final frontier for discovering the oil and gas needed to fuel the global energy transition, according to GeoExpro, a global...
NewsOilNOW -

ExxonMobil moves into new state-of-the-art, net-zero Kanuku complex in Guyana 

ExxonMobil Guyana Limited has officially moved into its cutting-edge, net-zero emissions complex located in Ogle on Guyana’s East Coast, marking a new chapter in...
NewsOilNOW -

IMF’s oil price revision suggests lower revenue for Guyana than projected 

Guyana’s government may collect less oil revenue in 2025 than it initially projected, following the International Monetary Fund’s (IMF) downward revision of global crude...
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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 -

Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of...
News

Suriname contracts boost Halliburton’s global portfolio amid slower earnings

OilNOW -
Halliburton has secured significant offshore exploration contracts in Suriname, strengthening its international footprint despite a revenue decline in the...
News

GeoExpro: Deepwater exploration holds the key to future energy needs

OilNOW -
Deepwater exploration is the final frontier for discovering the oil and gas needed to fuel the global energy transition,...
News

ExxonMobil moves into new state-of-the-art, net-zero Kanuku complex in Guyana 

OilNOW -
ExxonMobil Guyana Limited has officially moved into its cutting-edge, net-zero emissions complex located in Ogle on Guyana’s East Coast,...
News

IMF’s oil price revision suggests lower revenue for Guyana than projected 

OilNOW -
Guyana’s government may collect less oil revenue in 2025 than it initially projected, following the International Monetary Fund’s (IMF)...
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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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