Latest News

Energy InsightsChevy Devonish -

The Laws underpinning Guyana’s Maritime Zones: Why Venezuela’s actions violate international and Guyana’s national laws 

On March 1, 2025, a Venezuelan navy vessel entered Guyana’s exclusive economic zone (EEZ). It approached several assets, including the Prosperity floating production, storage...
Guyana's Oil LedgerKemol King -

Guyana’s oil production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...
NewsOilNOW -

Venezuela might shift to China, Russia, and Iran but it won’t replace US oil expertise – Rystad Energy 

W. Schreiner Parker, Managing Director for Latin America at Rystad Energy, has commented on the consequences of U.S. President Donald Trump's decision to revoke...
NewsOilNOW -

Chevron has until April 3 to pack up oil operations in Venezuela 

April 3 marks the deadline for Chevron to cease its operations in Venezuela, a significant setback imposed by the new Trump administration on the...
NewsOilNOW -

Regulator designates anchor-free zone around Exxon’s undersea gas pipeline 

Guyana’s Maritime Administration Department (MARAD) has designated a 500-meter buffer zone around an offshore pipeline installed by ExxonMobil Guyana, warning mariners that the area...
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Latest News

Energy InsightsChevy Devonish -

The Laws underpinning Guyana’s Maritime Zones: Why Venezuela’s actions violate international and Guyana’s national laws 

On March 1, 2025, a Venezuelan navy vessel entered Guyana’s exclusive economic zone (EEZ). It approached several assets, including the Prosperity floating production, storage...
Guyana's Oil LedgerKemol King -

Guyana’s oil production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...
NewsOilNOW -

Venezuela might shift to China, Russia, and Iran but it won’t replace US oil expertise – Rystad Energy 

W. Schreiner Parker, Managing Director for Latin America at Rystad Energy, has commented on the consequences of U.S. President Donald Trump's decision to revoke...
NewsOilNOW -

Chevron has until April 3 to pack up oil operations in Venezuela 

April 3 marks the deadline for Chevron to cease its operations in Venezuela, a significant setback imposed by the new Trump administration on the...
NewsOilNOW -

Regulator designates anchor-free zone around Exxon’s undersea gas pipeline 

Guyana’s Maritime Administration Department (MARAD) has designated a 500-meter buffer zone around an offshore pipeline installed by ExxonMobil Guyana, warning mariners that the area...
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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

Energy InsightsChevy Devonish -

The Laws underpinning Guyana’s Maritime Zones: Why Venezuela’s actions violate international and Guyana’s national laws 

On March 1, 2025, a Venezuelan navy vessel entered Guyana’s exclusive economic zone (EEZ). It approached several assets, including the Prosperity floating production, storage...
Guyana's Oil Ledger

Guyana’s oil production averaged 620,000 bpd in January

Kemol King -
Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August...
News

Venezuela might shift to China, Russia, and Iran but it won’t replace US oil expertise – Rystad Energy 

OilNOW -
W. Schreiner Parker, Managing Director for Latin America at Rystad Energy, has commented on the consequences of U.S. President...
News

Chevron has until April 3 to pack up oil operations in Venezuela 

OilNOW -
April 3 marks the deadline for Chevron to cease its operations in Venezuela, a significant setback imposed by the...
News

Regulator designates anchor-free zone around Exxon’s undersea gas pipeline 

OilNOW -
Guyana’s Maritime Administration Department (MARAD) has designated a 500-meter buffer zone around an offshore pipeline installed by ExxonMobil Guyana,...
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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’s oil production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...
Guyana's Oil Ledger

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

Kemol King -
ExxonMobil Guyana produced 20.3 million barrels of crude in December 2024 at an average rate of approximately 656,000 barrels...
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...
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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 production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...

Energy Insights

Energy InsightsChevy Devonish -

The Laws underpinning Guyana’s Maritime Zones: Why Venezuela’s actions violate international and Guyana’s national laws 

On March 1, 2025, a Venezuelan navy vessel entered Guyana’s exclusive economic zone (EEZ). It approached several assets, including the Prosperity floating production, storage...

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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