Latest News

NewsOilNOW -

Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors for several state-owned energy companies,...
NewsOilNOW -

Hess gives back Suriname oil block at Guyana border

U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with Guyana, returning the acreage to...
NewsOilNOW -

ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its latest 8-K filing with the...
NewsOilNOW -

Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a recognition underpinned mainly by the...
NewsOilNOW -

Exxon’s deepest wells drilled in the Stabroek Block after Ranger

Following the record-setting Ranger-1 well, ExxonMobil has continued to push the limits of deepwater exploration in Guyana’s Stabroek Block. Ranger-1, announced in January 2018, remains...
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Latest News

NewsOilNOW -

Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors for several state-owned energy companies,...
NewsOilNOW -

Hess gives back Suriname oil block at Guyana border

U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with Guyana, returning the acreage to...
NewsOilNOW -

ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its latest 8-K filing with the...
NewsOilNOW -

Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a recognition underpinned mainly by the...
NewsOilNOW -

Exxon’s deepest wells drilled in the Stabroek Block after Ranger

Following the record-setting Ranger-1 well, ExxonMobil has continued to push the limits of deepwater exploration in Guyana’s Stabroek Block. Ranger-1, announced in January 2018, remains...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

From curiosity to career: Trainee Derrickman finds purpose on Stena DrillMAX

Steve Sirkissoon has always been fascinated by the offshore world. Now, as a trainee derrickman aboard the Stena DrillMAX, he's living that dream. “It's a...

Oil Law 101

Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 5)

In Management Themes (Part 4), we completed our discussion on exploration and discovery.  Through the provisions of the Petroleum Activities Act 17 of 2023...

Local Content

NewsOilNOW -

Local content policies in oil-producing countries: a comparative look with focus on Suriname

Local content policies are increasingly used by oil-producing nations to ensure that petroleum extraction generates long-term economic benefits for local populations. These policies typically...

Regional

Latest News

NewsOilNOW -

Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors for several state-owned energy companies,...
News

Hess gives back Suriname oil block at Guyana border

OilNOW -
U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with...
News

ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

OilNOW -
ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its...
News

Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

OilNOW -
ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...
News

Exxon’s deepest wells drilled in the Stabroek Block after Ranger

OilNOW -
Following the record-setting Ranger-1 well, ExxonMobil has continued to push the limits of deepwater exploration in Guyana’s Stabroek Block. Ranger-1,...
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Exploration

ExplorationOilNOW -

ExxonMobil, Shell lead high-impact exploration over five-year period as NOCs surge in 2024

ExxonMobil and Shell were the most active high-impact oil and gas explorers between 2020 and 2024, according to energy intelligence firm Westwood Global Energy...
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Exploration

ExxonMobil to appraise 2022 Barreleye discovery 

OilNOW -
ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April...
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...
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Production

Guyana's Oil LedgerKemol King -

Production surges at Exxon’s Liza 2 and Payara projects

In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara...
Guyana's Oil Ledger

March oil output averages 627,000 b/d as Guyana closes Q1 with strong production 

Kemol King -
Offshore oil production in Guyana averaged 627,000 barrels per day (b/d) in March 2025, a modest dip from February’s...
Guyana's Oil Ledger

Guyana’s rate of oil output increased by 5% in February

Kemol King -
Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average...

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’s May oil output hits new high as Liza 2 and Payara ramp up

Guyana’s offshore oil production reached a new milestone in May 2025, averaging an all-time high of 667,000 barrels per day (b/d). The surge represents...

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

NewsOilNOW -

Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation practices and network reliability. Chief...

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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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