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CARICOM warns Venezuela against conducting elections in Guyana territory, condemns attack on soldiers

CARICOM has strongly opposed Venezuela’s plan to hold elections in Guyana’s Essequibo region. The regional body, in a statement following its 48th Regular Meeting,...
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Guyana’s gas development has a complex road ahead

With over 17 trillion cubic feet of natural gas—and counting—discovered in Guyana’s Stabroek Block, the government is now focusing on its development. However, the...
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Venezuela received over US$1 million in oil payments plus confidential signing bonus for Dragon gas deal – Young 

As concerns mount for the future of the Dragon gas development, Trinidad’s Energy Minister Stuart Young told local media that the country has already...
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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...
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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...
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NewsOilNOW -

CARICOM warns Venezuela against conducting elections in Guyana territory, condemns attack on soldiers

CARICOM has strongly opposed Venezuela’s plan to hold elections in Guyana’s Essequibo region. The regional body, in a statement following its 48th Regular Meeting,...
NewsOilNOW -

Guyana’s gas development has a complex road ahead

With over 17 trillion cubic feet of natural gas—and counting—discovered in Guyana’s Stabroek Block, the government is now focusing on its development. However, the...
NewsOilNOW -

Venezuela received over US$1 million in oil payments plus confidential signing bonus for Dragon gas deal – Young 

As concerns mount for the future of the Dragon gas development, Trinidad’s Energy Minister Stuart Young told local media that the country has already...
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...
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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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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 -

CARICOM warns Venezuela against conducting elections in Guyana territory, condemns attack on soldiers

CARICOM has strongly opposed Venezuela’s plan to hold elections in Guyana’s Essequibo region. The regional body, in a statement following its 48th Regular Meeting,...
News

Guyana’s gas development has a complex road ahead

OilNOW -
With over 17 trillion cubic feet of natural gas—and counting—discovered in Guyana’s Stabroek Block, the government is now focusing...
News

Venezuela received over US$1 million in oil payments plus confidential signing bonus for Dragon gas deal – Young 

OilNOW -
As concerns mount for the future of the Dragon gas development, Trinidad’s Energy Minister Stuart Young told local media...
News

Stena Drilling seeks welding suppliers for offshore operations in Guyana

OilNOW -
Stena Carron Drilling Limited (Guyana Branch) has issued an Expression of Interest (EOI) for suppliers of welding supplies, equipment,...
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...
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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

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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

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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 -

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...

Sponsored Content

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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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