Latest News

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President Santokhi launches oil royalty program for all citizens 

Paramaribo – May 18, 2025: President Chandrikapersad Santokhi officially launched the ‘Royalty’s Voor Iedereen’ (RVI) program this week, marking a “historic step” in sharing...
Guyana's Oil LedgerKemol King -

Guyana got US$900 million from oil in first four months of 2025

Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of the end of April, Bank...
NewsOilNOW -

SBM Offshore’s animated videos win praise from Guyana’s health minister for tackling youth mental health stigma

Animated videos developed by SBM Offshore Guyana to tackle stigma around mental illness among children and adolescents could be a vital tool in improving...
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Guyana Parliament passes Oil Spill Bill to boost environmental protection as production ramps up

In a move that government officials say is vital as oil production surges, Guyana’s National Assembly passed sweeping new legislation on Friday to enhance...
NewsOilNOW -

Halliburton delivers first Namibia wells using local infrastructure in partnership with Rhino Resources

Halliburton and Rhino Resources have announced the successful delivery of two exploration wells on Block 2914 within Petroleum Exploration License (PEL) 85 offshore Namibia. Halliburton’s...
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Latest News

NewsIşıl Güneş Gaté -

President Santokhi launches oil royalty program for all citizens 

Paramaribo – May 18, 2025: President Chandrikapersad Santokhi officially launched the ‘Royalty’s Voor Iedereen’ (RVI) program this week, marking a “historic step” in sharing...
Guyana's Oil LedgerKemol King -

Guyana got US$900 million from oil in first four months of 2025

Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of the end of April, Bank...
NewsOilNOW -

SBM Offshore’s animated videos win praise from Guyana’s health minister for tackling youth mental health stigma

Animated videos developed by SBM Offshore Guyana to tackle stigma around mental illness among children and adolescents could be a vital tool in improving...
NewsOilNOW -

Guyana Parliament passes Oil Spill Bill to boost environmental protection as production ramps up

In a move that government officials say is vital as oil production surges, Guyana’s National Assembly passed sweeping new legislation on Friday to enhance...
NewsOilNOW -

Halliburton delivers first Namibia wells using local infrastructure in partnership with Rhino Resources

Halliburton and Rhino Resources have announced the successful delivery of two exploration wells on Block 2914 within Petroleum Exploration License (PEL) 85 offshore Namibia. Halliburton’s...
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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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Keystone Consulting debuts at OTC: set to deliver grounded market intelligence on Guyana, region 

Houston, Texas, United States - Keystone Consulting (Guyana) Inc., a new research, marketing, and business intelligence firm, was officially launched last Tuesday at the...

Regional

Latest News

NewsIşıl Güneş Gaté -

President Santokhi launches oil royalty program for all citizens 

Paramaribo – May 18, 2025: President Chandrikapersad Santokhi officially launched the ‘Royalty’s Voor Iedereen’ (RVI) program this week, marking a “historic step” in sharing...
Guyana's Oil Ledger

Guyana got US$900 million from oil in first four months of 2025

Kemol King -
Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of...
News

SBM Offshore’s animated videos win praise from Guyana’s health minister for tackling youth mental health stigma

OilNOW -
Animated videos developed by SBM Offshore Guyana to tackle stigma around mental illness among children and adolescents could be...
News

Guyana Parliament passes Oil Spill Bill to boost environmental protection as production ramps up

OilNOW -
In a move that government officials say is vital as oil production surges, Guyana’s National Assembly passed sweeping new...
News

Halliburton delivers first Namibia wells using local infrastructure in partnership with Rhino Resources

OilNOW -
Halliburton and Rhino Resources have announced the successful delivery of two exploration wells on Block 2914 within Petroleum Exploration...
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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 -

Guyana got US$900 million from oil in first four months of 2025

Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of the end of April, Bank...

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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