Latest News

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French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support and maintenance from ExxonMobil Guyana...
NewsOilNOW -

SLB launches Tela™, an agentic AI assistant to transform upstream energy operations

Global energy technology company SLB has unveiled Tela™, an agentic artificial intelligence (AI) assistant designed to revolutionize the upstream energy sector by enhancing productivity...
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MODEC seeks subcontractor for offloading hose recertification in Guyana

MODEC Guyana Inc. is seeking a qualified subcontractor to perform assembly, testing, certification and installation of marine offloading hoses for its floating production, storage...
NewsOilNOW -

Staatsolie seals offshore deals with PETRONAS, Chevron for Suriname’s Blocks 9 and 10

Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P B.V. and Chevron Suriname Exploration...
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Guyana raises 2025 growth forecast to 15.2% on stronger oil output

Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset weaker global crude prices, the...
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Latest News

NewsOilNOW -

French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support and maintenance from ExxonMobil Guyana...
NewsOilNOW -

SLB launches Tela™, an agentic AI assistant to transform upstream energy operations

Global energy technology company SLB has unveiled Tela™, an agentic artificial intelligence (AI) assistant designed to revolutionize the upstream energy sector by enhancing productivity...
NewsOilNOW -

MODEC seeks subcontractor for offloading hose recertification in Guyana

MODEC Guyana Inc. is seeking a qualified subcontractor to perform assembly, testing, certification and installation of marine offloading hoses for its floating production, storage...
NewsOilNOW -

Staatsolie seals offshore deals with PETRONAS, Chevron for Suriname’s Blocks 9 and 10

Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P B.V. and Chevron Suriname Exploration...
NewsOilNOW -

Guyana raises 2025 growth forecast to 15.2% on stronger oil output

Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset weaker global crude prices, the...
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Stories Beyond the Barrel

Stories Beyond the BarrelShikema Dey -

Natonya Scipio’s story of dedication and impact in Guyana’s oil industry

When it comes to safety in the oil and gas industry, Natonya Scipio believes the smallest actions often make the biggest difference. As a...

Fuel For Thought

Fuel for ThoughtJoanna Simmons -

The PAA Series: Environmental Management – Decommissioning (Part 3)

In PAA Series: Environmental Management - Decommissioning Part 2, we highlighted that, “The most significant steps in reducing adverse environmental influence are for the...

Rules of the Game

Rules of the GameIşıl Güneş -

How exploration and production are governed in Suriname

PARAMARIBO, SURINAME – Suriname’s petroleum industry is governed by the Petroleum Law of 1990, enacted in 1991 (S.B. 1991 no. 7) and amended in...

Local Content

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ExxonMobil seeks local insurer for Hammerhead-related exposures

ExxonMobil Guyana Limited has issued a Request for Information (RFI) to identify qualified suppliers to provide a Local Insurance Policy for the Hammerhead Construction...

Regional

Latest News

NewsOilNOW -

French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support and maintenance from ExxonMobil Guyana...
News

SLB launches Tela™, an agentic AI assistant to transform upstream energy operations

OilNOW -
Global energy technology company SLB has unveiled Tela™, an agentic artificial intelligence (AI) assistant designed to revolutionize the upstream...
News

MODEC seeks subcontractor for offloading hose recertification in Guyana

OilNOW -
MODEC Guyana Inc. is seeking a qualified subcontractor to perform assembly, testing, certification and installation of marine offloading hoses...
News

Staatsolie seals offshore deals with PETRONAS, Chevron for Suriname’s Blocks 9 and 10

OilNOW -
Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P...
News

Guyana raises 2025 growth forecast to 15.2% on stronger oil output

OilNOW -
Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset...
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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...
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 -

Yellowtail boost lifts Guyana’s oil output to 685,000 b/d in August

Oil production offshore Guyana averaged 685,000 barrels per day (b/d) in August, up from 664,000 b/d in July, driven mainly by the start-up of...
News

ONE GUYANA FPSO equipped to ensure uninterrupted gas handling offshore – GoG

Shikema Dey -
The Government of Guyana has confirmed that the ONE GUYANA floating production storage and offloading (FPSO) vessel is the...
News

Oil production begins at ExxonMobil’s fourth mega-project offshore Guyana

Shikema Dey -
Oil production has started at ExxonMobil's Yellowtail Development offshore Guyana, making it the fourth mega-project to startup in just...
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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 -

Yellowtail produced 134,000 b/d in September

Oil production at ExxonMobil's Yellowtail development offshore Guyana averaged 134,000 barrels per day (b/d), increasing from 75,000 b/d in the previous month, government data...

Energy Insights

Energy InsightsChevy Devonish -

Second court action seeks to quash the EIA and the environmental permit for the Hammerhead project

Environmental activists filed a lawsuit in July seeking to cancel the Environmental Impact Assessment (EIA) and Environmental Permit (EP) granted for the Hammerhead Project,...

Sponsored Content

NewsOilNOW -

UAL launches new Caribbean shuttle service to enhance regional trade connectivity

UAL (Universal Africa Lines) has introduced the UAL Caribbean Shuttle, a fixed 9-day loop service linking Point Lisas (Trinidad & Tobago), Georgetown (Guyana), and...

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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