Latest News

NewsKemol King -

Super tanker headed for Netherlands lifts two cargoes from Guyana oilfield 

The Red Nova, a large crude carrier (VLCC) capable of transporting more than 2 million barrels of oil, recently completed a double crude lift...
NewsOilNOW -

MODEC Guyana to publish RFIs for key offshore services

MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next six months.  The list includes industrial...
NewsOilNOW -

Suriname among top oil frontiers, 2.2 billion boe secured since 2020 – Norway firm

Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the...
NewsShikema Dey -

After naval incursion, Venezuela falsely blames Guyana for rising tensions

Venezuela has accused Guyana of provocation after its navy entered Guyana’s exclusive economic zone (EEZ) on Saturday morning. Guyana’s government said the Venezuelan patrol vessel...
Oil Law 101Joanna Simmons -

The Petroleum Activities Act Series

Introduction The Petroleum Activities Act 17 of 2023 (the “PAA”) replaced the Petroleum (Exploration and Production) Act 1986; however, at present, the Regulations made under...
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Trending

Latest News

NewsKemol King -

Super tanker headed for Netherlands lifts two cargoes from Guyana oilfield 

The Red Nova, a large crude carrier (VLCC) capable of transporting more than 2 million barrels of oil, recently completed a double crude lift...
NewsOilNOW -

MODEC Guyana to publish RFIs for key offshore services

MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next six months.  The list includes industrial...
NewsOilNOW -

Suriname among top oil frontiers, 2.2 billion boe secured since 2020 – Norway firm

Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the...
NewsShikema Dey -

After naval incursion, Venezuela falsely blames Guyana for rising tensions

Venezuela has accused Guyana of provocation after its navy entered Guyana’s exclusive economic zone (EEZ) on Saturday morning. Guyana’s government said the Venezuelan patrol vessel...
Oil Law 101Joanna Simmons -

The Petroleum Activities Act Series

Introduction The Petroleum Activities Act 17 of 2023 (the “PAA”) replaced the Petroleum (Exploration and Production) Act 1986; however, at present, the Regulations made under...
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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...

Oil Law 101

Oil Law 101Joanna Simmons -

The Petroleum Activities Act Series

Introduction The Petroleum Activities Act 17 of 2023 (the “PAA”) replaced the Petroleum (Exploration and Production) Act 1986; however, at present, the Regulations made under...

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

NewsKemol King -

Super tanker headed for Netherlands lifts two cargoes from Guyana oilfield 

The Red Nova, a large crude carrier (VLCC) capable of transporting more than 2 million barrels of oil, recently completed a double crude lift...
News

MODEC Guyana to publish RFIs for key offshore services

OilNOW -
MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next...
News

Suriname among top oil frontiers, 2.2 billion boe secured since 2020 – Norway firm

OilNOW -
Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading...
News

After naval incursion, Venezuela falsely blames Guyana for rising tensions

Shikema Dey -
Venezuela has accused Guyana of provocation after its navy entered Guyana’s exclusive economic zone (EEZ) on Saturday morning. Guyana’s government...
Oil Law 101

The Petroleum Activities Act Series

Joanna Simmons -
Introduction The Petroleum Activities Act 17 of 2023 (the “PAA”) replaced the Petroleum (Exploration and Production) Act 1986; however, at...
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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...

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,...

Opinions

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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