Latest News

FeaturedOilNOW -

Venezuela’s continued aggression not to be taken lightly

Dear Editor, The continued deliberate act by Venezuela to threaten and disrupt the peace and prosperity of Guyana must come to an end. Time and...
NewsOilNOW -

Efficiency gains propelling ExxonMobil’s rapid growth in Guyana 

ExxonMobil Guyana’s offshore oil developments are progressing with record efficiency, enabling faster project execution and greater economic benefits for the country. This is according...
NewsOilNOW -

EnerMech secures pre-commissioning contract for ONE GUYANA FPSO

EnerMech has been selected by SBM Offshore to perform pre-commissioning work on the ONE GUYANA floating production, storage and offloading (FPSO) vessel. The FPSO...
Stories Beyond the BarrelOilNOW -

From sugar estate to offshore drilling; here’s Stephen Moonasar’s journey

Stephen Moonasar’s career path took an unexpected turn—from the sugar estates of Guyana to a drill ship nearly 200 kilometers offshore. His story is...
NewsOilNOW -

Suriname’s upstream sector poised for US$9.5 billion investment – Rystad Energy  

Capital investment in Suriname’s upstream oil and gas sector is set to grow significantly, with spending projected to reach US$9.5 billion between 2024 and...
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Trending

Latest News

FeaturedOilNOW -

Venezuela’s continued aggression not to be taken lightly

Dear Editor, The continued deliberate act by Venezuela to threaten and disrupt the peace and prosperity of Guyana must come to an end. Time and...
NewsOilNOW -

Efficiency gains propelling ExxonMobil’s rapid growth in Guyana 

ExxonMobil Guyana’s offshore oil developments are progressing with record efficiency, enabling faster project execution and greater economic benefits for the country. This is according...
NewsOilNOW -

EnerMech secures pre-commissioning contract for ONE GUYANA FPSO

EnerMech has been selected by SBM Offshore to perform pre-commissioning work on the ONE GUYANA floating production, storage and offloading (FPSO) vessel. The FPSO...
Stories Beyond the BarrelOilNOW -

From sugar estate to offshore drilling; here’s Stephen Moonasar’s journey

Stephen Moonasar’s career path took an unexpected turn—from the sugar estates of Guyana to a drill ship nearly 200 kilometers offshore. His story is...
NewsOilNOW -

Suriname’s upstream sector poised for US$9.5 billion investment – Rystad Energy  

Capital investment in Suriname’s upstream oil and gas sector is set to grow significantly, with spending projected to reach US$9.5 billion between 2024 and...
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Stories beyond the barrel

Stories Beyond the BarrelOilNOW -

From sugar estate to offshore drilling; here’s Stephen Moonasar’s journey

Stephen Moonasar’s career path took an unexpected turn—from the sugar estates of Guyana to a drill ship nearly 200 kilometers offshore. His story is...

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

FeaturedOilNOW -

Venezuela’s continued aggression not to be taken lightly

Dear Editor, The continued deliberate act by Venezuela to threaten and disrupt the peace and prosperity of Guyana must come to an end. Time and...
News

Efficiency gains propelling ExxonMobil’s rapid growth in Guyana 

OilNOW -
ExxonMobil Guyana’s offshore oil developments are progressing with record efficiency, enabling faster project execution and greater economic benefits for...
News

EnerMech secures pre-commissioning contract for ONE GUYANA FPSO

OilNOW -
EnerMech has been selected by SBM Offshore to perform pre-commissioning work on the ONE GUYANA floating production, storage and...
Stories Beyond the Barrel

From sugar estate to offshore drilling; here’s Stephen Moonasar’s journey

OilNOW -
Stephen Moonasar’s career path took an unexpected turn—from the sugar estates of Guyana to a drill ship nearly 200...
News

Suriname’s upstream sector poised for US$9.5 billion investment – Rystad Energy  

OilNOW -
Capital investment in Suriname’s upstream oil and gas sector is set to grow significantly, with spending projected to reach...
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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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