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Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company reported total revenue of US$735...
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ABS grants approval to SBM Offshore’s low-carbon NearZero FPSO design

SBM Offshore announced on May 7, it has received approval in principle from the American Bureau of Shipping (ABS) for its NearZero floating production,...
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Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI acquiring a 51% majority stake...
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ExxonMobil Guyana launches drone surveillance along Gas-to-Energy pipeline route

ExxonMobil Guyana announced the start of drone surveillance along the Gas-to-Energy (GTE) pipeline right-of-way (RoW), which runs from Nouvelle Flanders on the West Coast...
Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 4)

In Management Themes (Part 3), we discussed matters relating to the discovery of petroleum and highlighted the significant allotments of time, activities and expenditure...
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Latest News

NewsOilNOW -

Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company reported total revenue of US$735...
NewsOilNOW -

ABS grants approval to SBM Offshore’s low-carbon NearZero FPSO design

SBM Offshore announced on May 7, it has received approval in principle from the American Bureau of Shipping (ABS) for its NearZero floating production,...
NewsOilNOW -

Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI acquiring a 51% majority stake...
NewsOilNOW -

ExxonMobil Guyana launches drone surveillance along Gas-to-Energy pipeline route

ExxonMobil Guyana announced the start of drone surveillance along the Gas-to-Energy (GTE) pipeline right-of-way (RoW), which runs from Nouvelle Flanders on the West Coast...
Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 4)

In Management Themes (Part 3), we discussed matters relating to the discovery of petroleum and highlighted the significant allotments of time, activities and expenditure...
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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 4)

In Management Themes (Part 3), we discussed matters relating to the discovery of petroleum and highlighted the significant allotments of time, activities and expenditure...

Local Content

NewsOilNOW -

Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI acquiring a 51% majority stake...

Regional

Latest News

NewsOilNOW -

Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company reported total revenue of US$735...
News

ABS grants approval to SBM Offshore’s low-carbon NearZero FPSO design

OilNOW -
SBM Offshore announced on May 7, it has received approval in principle from the American Bureau of Shipping (ABS)...
News

Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

OilNOW -
Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI...
News

ExxonMobil Guyana launches drone surveillance along Gas-to-Energy pipeline route

OilNOW -
ExxonMobil Guyana announced the start of drone surveillance along the Gas-to-Energy (GTE) pipeline right-of-way (RoW), which runs from Nouvelle...
Oil Law 101

The PAA Series: Management Themes (Part 4)

Joanna Simmons -
In Management Themes (Part 3), we discussed matters relating to the discovery of petroleum and highlighted the significant allotments...
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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 

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(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...

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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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