Latest News

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Staatsolie exceeds bond target, raising US$515.8 million

Staatsolie Maatschappij Suriname N.V. issued a new bond on March 23, 2025, reportedly raising US$515.8 million—US$211.7 million more than its initial target of US$304.1...
NewsOilNOW -

Twenty Guyanese cadets awarded Noble Marine scholarships

Noble Drilling has awarded scholarships to 20 outstanding marine cadets as part of its Noble Marine Scholarship Program. The company shared this announcement on...
NewsOilNOW -

Chevron granted extra time to exit Venezuela

Chevron Corporation has secured a 30-day extension from the U.S. government to conclude its operations with Venezuela's state-owned Petroleos de Venezuela SA (PDVSA), moving...
NewsOilNOW -

Stena Carron earns DNV Abate(P) Notation for emissions reduction

Stena Carron has become the second Stena Drilling drillship to receive DNV’s Abate(P) notation, following its sister vessel, Stena DrillMAX. The notation recognizes efforts...
NewsOilNOW -

Touchstone reports record production and US$8.27 net earnings for 2024

Touchstone Exploration Inc. has reported record production and a return to profitability in its annual 2024 financial and operating results. President and Chief Executive Officer...
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Latest News

NewsOilNOW -

Staatsolie exceeds bond target, raising US$515.8 million

Staatsolie Maatschappij Suriname N.V. issued a new bond on March 23, 2025, reportedly raising US$515.8 million—US$211.7 million more than its initial target of US$304.1...
NewsOilNOW -

Twenty Guyanese cadets awarded Noble Marine scholarships

Noble Drilling has awarded scholarships to 20 outstanding marine cadets as part of its Noble Marine Scholarship Program. The company shared this announcement on...
NewsOilNOW -

Chevron granted extra time to exit Venezuela

Chevron Corporation has secured a 30-day extension from the U.S. government to conclude its operations with Venezuela's state-owned Petroleos de Venezuela SA (PDVSA), moving...
NewsOilNOW -

Stena Carron earns DNV Abate(P) Notation for emissions reduction

Stena Carron has become the second Stena Drilling drillship to receive DNV’s Abate(P) notation, following its sister vessel, Stena DrillMAX. The notation recognizes efforts...
NewsOilNOW -

Touchstone reports record production and US$8.27 net earnings for 2024

Touchstone Exploration Inc. has reported record production and a return to profitability in its annual 2024 financial and operating results. President and Chief Executive Officer...
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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 PAA Series: Management Themes (Part 1)

To briefly recap our first publication the Petroleum Activities Act Series – Introduction, the term upstream refers to all activities carried out in the...

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 -

Staatsolie exceeds bond target, raising US$515.8 million

Staatsolie Maatschappij Suriname N.V. issued a new bond on March 23, 2025, reportedly raising US$515.8 million—US$211.7 million more than its initial target of US$304.1...
News

Twenty Guyanese cadets awarded Noble Marine scholarships

OilNOW -
Noble Drilling has awarded scholarships to 20 outstanding marine cadets as part of its Noble Marine Scholarship Program. The...
News

Chevron granted extra time to exit Venezuela

OilNOW -
Chevron Corporation has secured a 30-day extension from the U.S. government to conclude its operations with Venezuela's state-owned Petroleos...
News

Stena Carron earns DNV Abate(P) Notation for emissions reduction

OilNOW -
Stena Carron has become the second Stena Drilling drillship to receive DNV’s Abate(P) notation, following its sister vessel, Stena...
News

Touchstone reports record production and US$8.27 net earnings for 2024

OilNOW -
Touchstone Exploration Inc. has reported record production and a return to profitability in its annual 2024 financial and operating...
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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...
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 rate of oil output increased by 5% in February

Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average of 648,000 barrels per day...

Energy Insights

Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resource Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resource Fund (the Fund) established under the...

Sponsored Content

NewsOilNOW -

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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