Latest News

NewsOilNOW -

ExxonMobil posts US$7.7B in first-quarter earnings amid market pressures

Today, ExxonMobil reported first-quarter earnings of US$7.7 billion, down from US$8.2 billion in the same period last year. The company said the decline was...
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CNOOC Q1 output up 4.8% year-on-year to 188.8 million boe

China’s CNOOC Limited reported this week that its oil and gas production rose 4.8% year-on-year to 188.8 million barrels of oil equivalent (boe) in...
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bp awards contract for Ginger project to Subsea 7 and SLB OneSubsea

Subsea 7 announced that the Subsea Integration Alliance (SIA) has secured the engineering, procurement, construction, and installation (EPCI) contract for bp’s Ginger project, offshore...
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Guyana says World Court ordered Venezuela not to conduct elections in Essequibo territory

Guyana said Thursday that the International Court of Justice (ICJ) has ordered Venezuela not to conduct or prepare to conduct elections in the resource-rich...
NewsOilNOW -

Venezuela’s oil comeback possible but only with a normalized environment – Rystad Energy 

Saudi Arabia is expected to anchor the next decade of global oil supply. But Venezuela’s uncertain future remains a critical variable that could disrupt...
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Latest News

NewsOilNOW -

ExxonMobil posts US$7.7B in first-quarter earnings amid market pressures

Today, ExxonMobil reported first-quarter earnings of US$7.7 billion, down from US$8.2 billion in the same period last year. The company said the decline was...
NewsOilNOW -

CNOOC Q1 output up 4.8% year-on-year to 188.8 million boe

China’s CNOOC Limited reported this week that its oil and gas production rose 4.8% year-on-year to 188.8 million barrels of oil equivalent (boe) in...
NewsOilNOW -

bp awards contract for Ginger project to Subsea 7 and SLB OneSubsea

Subsea 7 announced that the Subsea Integration Alliance (SIA) has secured the engineering, procurement, construction, and installation (EPCI) contract for bp’s Ginger project, offshore...
NewsOilNOW -

Guyana says World Court ordered Venezuela not to conduct elections in Essequibo territory

Guyana said Thursday that the International Court of Justice (ICJ) has ordered Venezuela not to conduct or prepare to conduct elections in the resource-rich...
NewsOilNOW -

Venezuela’s oil comeback possible but only with a normalized environment – Rystad Energy 

Saudi Arabia is expected to anchor the next decade of global oil supply. But Venezuela’s uncertain future remains a critical variable that could disrupt...
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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 -

ExxonMobil posts US$7.7B in first-quarter earnings amid market pressures

Today, ExxonMobil reported first-quarter earnings of US$7.7 billion, down from US$8.2 billion in the same period last year. The company said the decline was...
News

CNOOC Q1 output up 4.8% year-on-year to 188.8 million boe

OilNOW -
China’s CNOOC Limited reported this week that its oil and gas production rose 4.8% year-on-year to 188.8 million barrels...
News

bp awards contract for Ginger project to Subsea 7 and SLB OneSubsea

OilNOW -
Subsea 7 announced that the Subsea Integration Alliance (SIA) has secured the engineering, procurement, construction, and installation (EPCI) contract...
News

Guyana says World Court ordered Venezuela not to conduct elections in Essequibo territory

OilNOW -
Guyana said Thursday that the International Court of Justice (ICJ) has ordered Venezuela not to conduct or prepare to...
News

Venezuela’s oil comeback possible but only with a normalized environment – Rystad Energy 

OilNOW -
Saudi Arabia is expected to anchor the next decade of global oil supply. But Venezuela’s uncertain future remains a...
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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

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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 -

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

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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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