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Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a Rystad Energy analysis.  The energy research...
NewsOilNOW -

240,000 bpd eyed for possible development of Longtail resource – John Hess 

The 8th proposed Stabroek Block development could target 240,000 barrels per day (b/d) of production, according to Hess Chief Executive Officer, John Hess.  Longtail was...
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Oil accounted for 94% of extractives revenue in 2022 – EITI report

Guyana’s Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2022 noted that the counytry's extractive revenues totaled US$1.58 billion (approx. GY$331.52 billion)....
OpinionsOilNOW -

Letter-to-the-Editor: Oil success contributing to sustainable financial future for Guyanese citizens

Dear Editor, Having now entered the new year, Guyanese are both anxious and hopeful for their financial future. Since the country began producing oil in...
NewsOilNOW -

Guyana says Venezuela’s plan for election in Essequibo breaches peace accord and World Court order

The Guyana government said an apparent plan by Venezuela to host an election in the Essequibo region is a clear violation of the Argyle...
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NewsOilNOW -

Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a Rystad Energy analysis.  The energy research...
NewsOilNOW -

240,000 bpd eyed for possible development of Longtail resource – John Hess 

The 8th proposed Stabroek Block development could target 240,000 barrels per day (b/d) of production, according to Hess Chief Executive Officer, John Hess.  Longtail was...
NewsOilNOW -

Oil accounted for 94% of extractives revenue in 2022 – EITI report

Guyana’s Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2022 noted that the counytry's extractive revenues totaled US$1.58 billion (approx. GY$331.52 billion)....
OpinionsOilNOW -

Letter-to-the-Editor: Oil success contributing to sustainable financial future for Guyanese citizens

Dear Editor, Having now entered the new year, Guyanese are both anxious and hopeful for their financial future. Since the country began producing oil in...
NewsOilNOW -

Guyana says Venezuela’s plan for election in Essequibo breaches peace accord and World Court order

The Guyana government said an apparent plan by Venezuela to host an election in the Essequibo region is a clear violation of the Argyle...
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Stories beyond the barrel

Stories Beyond the BarrelOilNOW -

From hockey to health and safety: Michael Harding’s path to offshore success

Michael Harding, Assistant Safety Officer aboard the Prosperity floating, production, storage, and offloading vessel (FPSO), offers a unique perspective on the oil and gas...

Local Content

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Brazil enacts law enabling flexible local content policies in oil and gas

The Brazilian government has enacted Law 15,075/2024, introducing significant changes to the regulation of local content and production sharing agreements in the oil and...

Regional

Latest News

NewsOilNOW -

Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a Rystad Energy analysis.  The energy research...
News

240,000 bpd eyed for possible development of Longtail resource – John Hess 

OilNOW -
The 8th proposed Stabroek Block development could target 240,000 barrels per day (b/d) of production, according to Hess Chief...
News

Oil accounted for 94% of extractives revenue in 2022 – EITI report

OilNOW -
Guyana’s Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2022 noted that the counytry's extractive revenues totaled...
Opinions

Letter-to-the-Editor: Oil success contributing to sustainable financial future for Guyanese citizens

OilNOW -
Dear Editor, Having now entered the new year, Guyanese are both anxious and hopeful for their financial future. Since the...
News

Guyana says Venezuela’s plan for election in Essequibo breaches peace accord and World Court order

OilNOW -
The Guyana government said an apparent plan by Venezuela to host an election in the Essequibo region is a...
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Exploration

ExplorationOilNOW -

Noble Developer to drill three wells offshore Suriname

Noble Corporation announced on Monday that it has entered an agreement with PETRONAS Suriname E&P B.V. for the high-specification semisubmersible rig Noble Developer to...
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Exploration

Exxon continues appraisal of Haimara gas discovery

OilNOW -
ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said...
Exploration

Shell plans new offshore drilling in Suriname’s Block 65

OilNOW -
BG International Limited (Shell) is seeking approval from Suriname’s National Environment Authority (NMA) to conduct an exploration drilling program...
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Production

Guyana's Oil LedgerKemol King -

Stabroek Block’s 2024 production exceeded 200 million barrels in November

ExxonMobil Guyana sustained stable production at its Stabroek Block projects in November 2024, accumulating 205 million barrels since the year began, at an average...
News

Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana

OilNOW -
With December 19, 2024, marking five years of oil production in Guyana, ExxonMobil said its deepwater projects are the...
News

Exxon targeting 1.7 million barrels per day in Guyana by 2030 

Shikema Dey -
ExxonMobil has announced plans to expand its operations in Guyana, projecting production capacity to reach 1.7 million barrels of...
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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

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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 -

Stabroek Block’s 2024 production exceeded 200 million barrels in November

ExxonMobil Guyana sustained stable production at its Stabroek Block projects in November 2024, accumulating 205 million barrels since the year began, at an average...

Energy Insights

Energy InsightsOilNOW -

CCJ ruling confirms process by which Stabroek co-venturers apply for and are granted project approvals is lawful

By Chevy Devonish In a previous article we examined how the Caribbean Court of Justice (“CCJ”) in Attorney General of Guyana v Environmental Protection Agency...

Sponsored Content

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Excel Guyana targets workforce development to meet oil & gas demands, sets sights on new manpower division

Excel Guyana Inc. is expanding its workforce solutions to bridge critical skills gaps in Guyana’s oil and gas industry, preparing to launch a new...

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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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