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Guyana’s oil output to expand in 2025 amid forecast of lower prices

The Guyana government projects an increase in the rate of crude oil production offshore from 616,000 barrels per day (b/d) in 2024 to 674,000...
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Demerara River bridge project costs US$318 million

The Guyana government estimates that the cost of the new Demerara River bridge will be about US$318 million (GY$66.3 billion), according to this year’s...
NewsOilNOW -

TT Energy Chamber calls for increased exploration drilling to sustain oil and gas industry

The Trinidad and Tobago Energy Chamber has called for a boost in exploration drilling to sustain the country’s oil and gas industry.  In a recent...
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US$2.5 billion in oil revenue to support Guyana’s 2025 budget

The Guyana government will withdraw US$2.5 billion in oil revenue to support its US$6.628 billion (GY$1.382 trillion) budget for 2025, Senior Minister in the...
NewsOilNOW -

CNOOC targets record growth, green innovation in 2025 plan

CNOOC Limited has announced its 2025 Business Strategy and Development Plan, targeting continued growth and high-quality development. CNOOC’s Guyana subsidiary – CNOOC Petroleum Guyana...
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Latest News

NewsOilNOW -

Guyana’s oil output to expand in 2025 amid forecast of lower prices

The Guyana government projects an increase in the rate of crude oil production offshore from 616,000 barrels per day (b/d) in 2024 to 674,000...
NewsOilNOW -

Demerara River bridge project costs US$318 million

The Guyana government estimates that the cost of the new Demerara River bridge will be about US$318 million (GY$66.3 billion), according to this year’s...
NewsOilNOW -

TT Energy Chamber calls for increased exploration drilling to sustain oil and gas industry

The Trinidad and Tobago Energy Chamber has called for a boost in exploration drilling to sustain the country’s oil and gas industry.  In a recent...
NewsOilNOW -

US$2.5 billion in oil revenue to support Guyana’s 2025 budget

The Guyana government will withdraw US$2.5 billion in oil revenue to support its US$6.628 billion (GY$1.382 trillion) budget for 2025, Senior Minister in the...
NewsOilNOW -

CNOOC targets record growth, green innovation in 2025 plan

CNOOC Limited has announced its 2025 Business Strategy and Development Plan, targeting continued growth and high-quality development. CNOOC’s Guyana subsidiary – CNOOC Petroleum Guyana...
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Stories beyond the barrel

Stories Beyond the BarrelOilNOW -

From aspiring veterinarian to logging geologist, Kimberly Lachman aiming high in Guyana’s oil sector

Kimberly Lachman never imagined a career in the oil and gas industry. “I wanted to be a veterinarian as a kid. I didn’t see...

Local Content

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SBM Offshore seeks local suppliers for coverall production

Guyana Deep Water Operations Incorporated (GDO), the local affiliate of SBM Offshore, has issued a Request for Information (RFI) to identify Guyanese manufacturers capable...

Regional

Latest News

NewsOilNOW -

Guyana’s oil output to expand in 2025 amid forecast of lower prices

The Guyana government projects an increase in the rate of crude oil production offshore from 616,000 barrels per day (b/d) in 2024 to 674,000...
News

Demerara River bridge project costs US$318 million

OilNOW -
The Guyana government estimates that the cost of the new Demerara River bridge will be about US$318 million (GY$66.3...
News

TT Energy Chamber calls for increased exploration drilling to sustain oil and gas industry

OilNOW -
The Trinidad and Tobago Energy Chamber has called for a boost in exploration drilling to sustain the country’s oil...
News

US$2.5 billion in oil revenue to support Guyana’s 2025 budget

OilNOW -
The Guyana government will withdraw US$2.5 billion in oil revenue to support its US$6.628 billion (GY$1.382 trillion) budget for...
News

CNOOC targets record growth, green innovation in 2025 plan

OilNOW -
CNOOC Limited has announced its 2025 Business Strategy and Development Plan, targeting continued growth and high-quality development. CNOOC’s Guyana...
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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

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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

NewsOilNOW -

Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six production vessels.  “With the six ships...
Guyana's Oil Ledger

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

Kemol King -
ExxonMobil Guyana sustained stable production at its Stabroek Block projects in November 2024, accumulating 205 million barrels since the...
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...
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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 -

Guyana earned US$2.57 billion from oil in 2024

Guyana received US$2.57 billion (GY$536 billion) in oil revenue in 2024, based on monthly and quarterly reports of the Natural Resource Fund (NRF). The...

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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