Latest News

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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool. Celebrating the key moment on...
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ExxonMobil supports ECONOME conference founded by 27-year-old economics firebrand

ExxonMobil Guyana is now a gold sponsor for the 2025 edition of ECONOME, a business conference and mixer founded by Matthew Gaul, a 27-year-old...
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OTC panel hones in on Guyana private sector growth as oil output hits 668,000 b/d

Guyana’s economic rise and the growing role of its private sector were the focus of a panel discussion at the Offshore Technology Conference (OTC)...
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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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Trending

Latest News

NewsOilNOW -

TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool. Celebrating the key moment on...
NewsOilNOW -

ExxonMobil supports ECONOME conference founded by 27-year-old economics firebrand

ExxonMobil Guyana is now a gold sponsor for the 2025 edition of ECONOME, a business conference and mixer founded by Matthew Gaul, a 27-year-old...
NewsOilNOW -

OTC panel hones in on Guyana private sector growth as oil output hits 668,000 b/d

Guyana’s economic rise and the growing role of its private sector were the focus of a panel discussion at the Offshore Technology Conference (OTC)...
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,...
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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

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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...

Regional

Latest News

NewsOilNOW -

TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool. Celebrating the key moment on...
News

ExxonMobil supports ECONOME conference founded by 27-year-old economics firebrand

OilNOW -
ExxonMobil Guyana is now a gold sponsor for the 2025 edition of ECONOME, a business conference and mixer founded...
News

OTC panel hones in on Guyana private sector growth as oil output hits 668,000 b/d

OilNOW -
Guyana’s economic rise and the growing role of its private sector were the focus of a panel discussion at...
News

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

OilNOW -
Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company...
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)...
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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

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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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