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CGX accuses Guyana of contradicting itself on Corentyne license, claims agreement is ‘valid and in force’

CGX Energy and its joint venture partner Frontera Energy have contested the Guyana government’s move to terminate their license for the Corentyne Block. CGX...
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Suppliers scope out potential opportunities at SBM Offshore’s Let’s Talk Local Content Forum 

Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as the company outlined potential opportunities...
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Saipem and Subsea7 announce merger to form global offshore powerhouse

Saipem and Subsea7 have signed a memorandum of understanding (MoU) for a potential merger, aiming to create a dominant player in the subsea and...
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TT gas picture not complete without Dragon, Manakin-Cocuina fields – Young

Trinidad and Tobago’s gas sector depends on resources from Venezuela’s cross-border fields, according to Energy Minister Stuart Young. He recently emphasized the importance of...
Guyana's Oil LedgerKemol King -

Guyana’s oil fund got US$230 million in deposits in January 

Guyana’s Natural Resource Fund (NRF) received US$230 million (GY$48 billion) in deposits in January. These included payments for two lifts of crude oil sold...
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NewsOilNOW -

CGX accuses Guyana of contradicting itself on Corentyne license, claims agreement is ‘valid and in force’

CGX Energy and its joint venture partner Frontera Energy have contested the Guyana government’s move to terminate their license for the Corentyne Block. CGX...
NewsOilNOW -

Suppliers scope out potential opportunities at SBM Offshore’s Let’s Talk Local Content Forum 

Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as the company outlined potential opportunities...
NewsOilNOW -

Saipem and Subsea7 announce merger to form global offshore powerhouse

Saipem and Subsea7 have signed a memorandum of understanding (MoU) for a potential merger, aiming to create a dominant player in the subsea and...
NewsOilNOW -

TT gas picture not complete without Dragon, Manakin-Cocuina fields – Young

Trinidad and Tobago’s gas sector depends on resources from Venezuela’s cross-border fields, according to Energy Minister Stuart Young. He recently emphasized the importance of...
Guyana's Oil LedgerKemol King -

Guyana’s oil fund got US$230 million in deposits in January 

Guyana’s Natural Resource Fund (NRF) received US$230 million (GY$48 billion) in deposits in January. These included payments for two lifts of crude oil sold...
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Stories beyond the barrel

Stories Beyond the BarrelOilNOW -

All-female team led the inaugural Suriname Awareness Symposium

Three trailblazing women joined forces to pull off the first-ever Suriname Awareness Symposium (SAS). The symposium, according to the trio, showcases the power of...

Local Content

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Suppliers scope out potential opportunities at SBM Offshore’s Let’s Talk Local Content Forum 

Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as the company outlined potential opportunities...

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Latest News

NewsOilNOW -

CGX accuses Guyana of contradicting itself on Corentyne license, claims agreement is ‘valid and in force’

CGX Energy and its joint venture partner Frontera Energy have contested the Guyana government’s move to terminate their license for the Corentyne Block. CGX...
News

Suppliers scope out potential opportunities at SBM Offshore’s Let’s Talk Local Content Forum 

OilNOW -
Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as...
News

Saipem and Subsea7 announce merger to form global offshore powerhouse

OilNOW -
Saipem and Subsea7 have signed a memorandum of understanding (MoU) for a potential merger, aiming to create a dominant...
News

TT gas picture not complete without Dragon, Manakin-Cocuina fields – Young

OilNOW -
Trinidad and Tobago’s gas sector depends on resources from Venezuela’s cross-border fields, according to Energy Minister Stuart Young. He...
Guyana's Oil Ledger

Guyana’s oil fund got US$230 million in deposits in January 

Kemol King -
Guyana’s Natural Resource Fund (NRF) received US$230 million (GY$48 billion) in deposits in January. These included payments for two...
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Exploration

ExplorationOilNOW -

Guyana-Suriname Basin, Brazil among busiest regions this year for high-impact drill campaigns

High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this...
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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...
Exploration

Exxon continues appraisal of Haimara gas discovery

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

Guyana's Oil LedgerKemol King -

Guyana oil production averaged 656,000 b/d in December

ExxonMobil Guyana produced 20.3 million barrels of crude in December 2024 at an average rate of approximately 656,000 barrels per day (b/d). Production was nearly...
News

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

OilNOW -
Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six...
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...
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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’s oil fund got US$230 million in deposits in January 

Guyana’s Natural Resource Fund (NRF) received US$230 million (GY$48 billion) in deposits in January. These included payments for two lifts of crude oil sold...

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...

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Eight Guyanese form first cohort of MODEC’s trainee program in Guyana

Eight Guyanese have been selected for the inaugural cohort of MODEC's newly launched trainee program in Guyana, designed to offer global training, hands-on experience,...

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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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