Latest News

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Macaw-1 to kick off Suriname’s offshore exploration drive – Staatsolie 

TotalEnergies will begin drilling the Macaw-1 exploration well in Suriname's Block 64 by mid-May 2025. According to the state-owned Staatsolie, the well is the...
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Europe to remain key market for Guyana’s crude – S&P

S&P Global reported that Guyana anticipates supplying Europe with the majority of its increased crude oil output. The South American nation supplied an average...
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“Delay, Baby, Delay”: Oil industry to pull back as prices tumble – Wood Mackenzie

The global oil industry is preparing to delay spending and development in response to falling crude prices and market uncertainty, according to an April...
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Hess’ Q1 production from Stabroek Block averaged 183,000 b/d 

Hess Corporation reported that its net production from the Stabroek Block averaged 183,000 barrels of oil per day (b/d) in the first quarter of...
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Venezuela flouts World Court Order barring elections in Guyana’s Essequibo region

Venezuela has rejected a binding order issued by the International Court of Justice (ICJ) prohibiting it from conducting elections in Guyana’s Essequibo region. This...
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Latest News

NewsOilNOW -

Macaw-1 to kick off Suriname’s offshore exploration drive – Staatsolie 

TotalEnergies will begin drilling the Macaw-1 exploration well in Suriname's Block 64 by mid-May 2025. According to the state-owned Staatsolie, the well is the...
NewsOilNOW -

Europe to remain key market for Guyana’s crude – S&P

S&P Global reported that Guyana anticipates supplying Europe with the majority of its increased crude oil output. The South American nation supplied an average...
NewsOilNOW -

“Delay, Baby, Delay”: Oil industry to pull back as prices tumble – Wood Mackenzie

The global oil industry is preparing to delay spending and development in response to falling crude prices and market uncertainty, according to an April...
NewsOilNOW -

Hess’ Q1 production from Stabroek Block averaged 183,000 b/d 

Hess Corporation reported that its net production from the Stabroek Block averaged 183,000 barrels of oil per day (b/d) in the first quarter of...
NewsOilNOW -

Venezuela flouts World Court Order barring elections in Guyana’s Essequibo region

Venezuela has rejected a binding order issued by the International Court of Justice (ICJ) prohibiting it from conducting elections in Guyana’s Essequibo region. This...
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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 -

Macaw-1 to kick off Suriname’s offshore exploration drive – Staatsolie 

TotalEnergies will begin drilling the Macaw-1 exploration well in Suriname's Block 64 by mid-May 2025. According to the state-owned Staatsolie, the well is the...
News

Europe to remain key market for Guyana’s crude – S&P

OilNOW -
S&P Global reported that Guyana anticipates supplying Europe with the majority of its increased crude oil output. The South...
News

“Delay, Baby, Delay”: Oil industry to pull back as prices tumble – Wood Mackenzie

OilNOW -
The global oil industry is preparing to delay spending and development in response to falling crude prices and market...
News

Hess’ Q1 production from Stabroek Block averaged 183,000 b/d 

OilNOW -
Hess Corporation reported that its net production from the Stabroek Block averaged 183,000 barrels of oil per day (b/d)...
News

Venezuela flouts World Court Order barring elections in Guyana’s Essequibo region

OilNOW -
Venezuela has rejected a binding order issued by the International Court of Justice (ICJ) prohibiting it from conducting elections...
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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 -

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

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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...

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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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