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Stena Drilling seeks welding suppliers for offshore operations in Guyana

Stena Carron Drilling Limited (Guyana Branch) has issued an Expression of Interest (EOI) for suppliers of welding supplies, equipment, and related services. The company...
NewsOilNOW -

Staatsolie’s Block 52 bet could be backed by Block 58 cash – WoodMac

Suriname’s state oil company Staatsolie could use revenues from its participation in the US$12.2 billion Block 58 offshore oil development to help finance its...
NewsOilNOW -

TechnipFMC reports US$9.1 billion in revenue for 2024, secures record orders

TechnipFMC reported a strong financial performance for the full year 2024, with total revenue of US$9,083.3 million and net income attributable to the company...
NewsOilNOW -

Trump killed Chevron’s Venezuela oil deal. Is Dragon gas next? 

President Donald Trump has cut off the Biden-era financial lifeline to Venezuela by revoking Chevron’s oil export deal. Now, questions loom over the Dragon...
OpinionsOilNOW -

Letter-to-the-Editor: The Local Content App is finally here

Dear Editor, The Local Content Secretariat finally launched the Local Content App. Many people, including myself, have been waiting for this since the announcement was...
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Latest News

NewsOilNOW -

Stena Drilling seeks welding suppliers for offshore operations in Guyana

Stena Carron Drilling Limited (Guyana Branch) has issued an Expression of Interest (EOI) for suppliers of welding supplies, equipment, and related services. The company...
NewsOilNOW -

Staatsolie’s Block 52 bet could be backed by Block 58 cash – WoodMac

Suriname’s state oil company Staatsolie could use revenues from its participation in the US$12.2 billion Block 58 offshore oil development to help finance its...
NewsOilNOW -

TechnipFMC reports US$9.1 billion in revenue for 2024, secures record orders

TechnipFMC reported a strong financial performance for the full year 2024, with total revenue of US$9,083.3 million and net income attributable to the company...
NewsOilNOW -

Trump killed Chevron’s Venezuela oil deal. Is Dragon gas next? 

President Donald Trump has cut off the Biden-era financial lifeline to Venezuela by revoking Chevron’s oil export deal. Now, questions loom over the Dragon...
OpinionsOilNOW -

Letter-to-the-Editor: The Local Content App is finally here

Dear Editor, The Local Content Secretariat finally launched the Local Content App. Many people, including myself, have been waiting for this since the announcement was...
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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

NewsShikema Dey -

100% of scaffolding, transportation, immigration support services being provided by Guyanese to oil sector 

Local businesses in Guyana are now providing 100% of several key services to the oil and gas sector, showing advancements in local content development....

Regional

Latest News

NewsOilNOW -

Stena Drilling seeks welding suppliers for offshore operations in Guyana

Stena Carron Drilling Limited (Guyana Branch) has issued an Expression of Interest (EOI) for suppliers of welding supplies, equipment, and related services. The company...
News

Staatsolie’s Block 52 bet could be backed by Block 58 cash – WoodMac

OilNOW -
Suriname’s state oil company Staatsolie could use revenues from its participation in the US$12.2 billion Block 58 offshore oil...
News

TechnipFMC reports US$9.1 billion in revenue for 2024, secures record orders

OilNOW -
TechnipFMC reported a strong financial performance for the full year 2024, with total revenue of US$9,083.3 million and net...
News

Trump killed Chevron’s Venezuela oil deal. Is Dragon gas next? 

OilNOW -
President Donald Trump has cut off the Biden-era financial lifeline to Venezuela by revoking Chevron’s oil export deal. Now,...
Opinions

Letter-to-the-Editor: The Local Content App is finally here

OilNOW -
Dear Editor, The Local Content Secretariat finally launched the Local Content App. Many people, including myself, have been waiting for...
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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

OilNOW -
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

OilNOW -
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

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 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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