Latest News

NewsOilNOW -

New oil spill bill places full liability on companies for damages and clean-up 

Oil companies operating in Guyana would be liable for all damages caused by an oil spill incident they cause, including the costs of removal...
NewsOilNOW -

Noble secures 15 rig years in offshore contracts, cites strength of long-term market

Noble has secured new offshore contracts with a combined value between US$2.2 billion and US$2.7 billion, the company announced on April 28. The company...
NewsOilNOW -

TechnipFMC posts US$2.2B first quarter revenue

TechnipFMC reported total revenue of US$2,233.6 million in the first quarter of 2025, with net income (attributable to the company) of US$142 million, or...
NewsOilNOW -

Kamla Persad-Bissessar returns as TT PM in historic win

Voters in Trinidad and Tobago have removed the ruling People’s National Movement (PNM) from power. Electing the United National Congress (UNC) headed by Kamla...
NewsOilNOW -

Georgetown business group urges peace amid unrest over child’s death

The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday urged citizens to allow peace and stability to prevail. The call follows a night...
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Trending

Latest News

NewsOilNOW -

New oil spill bill places full liability on companies for damages and clean-up 

Oil companies operating in Guyana would be liable for all damages caused by an oil spill incident they cause, including the costs of removal...
NewsOilNOW -

Noble secures 15 rig years in offshore contracts, cites strength of long-term market

Noble has secured new offshore contracts with a combined value between US$2.2 billion and US$2.7 billion, the company announced on April 28. The company...
NewsOilNOW -

TechnipFMC posts US$2.2B first quarter revenue

TechnipFMC reported total revenue of US$2,233.6 million in the first quarter of 2025, with net income (attributable to the company) of US$142 million, or...
NewsOilNOW -

Kamla Persad-Bissessar returns as TT PM in historic win

Voters in Trinidad and Tobago have removed the ruling People’s National Movement (PNM) from power. Electing the United National Congress (UNC) headed by Kamla...
NewsOilNOW -

Georgetown business group urges peace amid unrest over child’s death

The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday urged citizens to allow peace and stability to prevail. The call follows a night...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

Katina Benn champions gender equality in Guyana’s Maritime sector​

Katina Benn, President of the Women in Maritime Association Caribbean (WiMAC) – Guyana Chapter Inc., has been instrumental in advancing gender equality within Guyana's...

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 -

Three-week certification target set for Guyana’s local content applicants

The Government of Guyana is stepping up efforts to strengthen the local content framework in the oil and gas sector, according to the Ministry...

Regional

Latest News

NewsOilNOW -

New oil spill bill places full liability on companies for damages and clean-up 

Oil companies operating in Guyana would be liable for all damages caused by an oil spill incident they cause, including the costs of removal...
News

Noble secures 15 rig years in offshore contracts, cites strength of long-term market

OilNOW -
Noble has secured new offshore contracts with a combined value between US$2.2 billion and US$2.7 billion, the company announced...
News

TechnipFMC posts US$2.2B first quarter revenue

OilNOW -
TechnipFMC reported total revenue of US$2,233.6 million in the first quarter of 2025, with net income (attributable to the...
News

Kamla Persad-Bissessar returns as TT PM in historic win

OilNOW -
Voters in Trinidad and Tobago have removed the ruling People’s National Movement (PNM) from power. Electing the United National...
News

Georgetown business group urges peace amid unrest over child’s death

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday urged citizens to allow peace and stability to prevail....
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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 -

March oil output averages 627,000 b/d as Guyana closes Q1 with strong production 

Offshore oil production in Guyana averaged 627,000 barrels per day (b/d) in March 2025, a modest dip from February’s 648,000 b/d. Despite the daily...
Guyana's Oil Ledger

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

Kemol King -
Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August...
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...
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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 -

March oil output averages 627,000 b/d as Guyana closes Q1 with strong production 

Offshore oil production in Guyana averaged 627,000 barrels per day (b/d) in March 2025, a modest dip from February’s 648,000 b/d. Despite the daily...

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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