Latest News

NewsOilNOW -

CNOOC says Payara project in Guyana helped lift 2024 overseas output by 10.8%

China’s state-owned offshore oil and gas producer CNOOC Ltd. said on Thursday (March 27) that its overseas production surged by 10.8% in 2024, driven...
NewsOilNOW -

US Secretary of State acknowledges impact of tariffs on Chinese-built vessels is a major concern for the region

The proposed tariffs on ships built in China may negatively impact Guyana and the Caribbean, a concern frequently raised with Marco Rubio, Secretary of...
NewsOilNOW -

bpTT approves Ginger Gas Development, announces Frangipani discovery

bp Trinidad and Tobago (bpTT) made the final investment decision (FID) on the ginger gas development and confirmed a gas discovery at its Frangipani...
NewsOilNOW -

TechnipFMC secures US$1B contract for Shell’s Gato do Mato project

TechnipFMC has won a major integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from Shell for the Gato do Mato greenfield development offshore Brazil. The...
NewsOilNOW -

ExxonMobil Guyana sponsors 75 women for upcoming Local Content Summit

ExxonMobil Guyana is sponsoring 75 women to attend the 2025 Local Content Summit this April 8. The sponsorship is in alignment with its commitment...
- ADVERTISEMENT -

Trending

Latest News

NewsOilNOW -

CNOOC says Payara project in Guyana helped lift 2024 overseas output by 10.8%

China’s state-owned offshore oil and gas producer CNOOC Ltd. said on Thursday (March 27) that its overseas production surged by 10.8% in 2024, driven...
NewsOilNOW -

US Secretary of State acknowledges impact of tariffs on Chinese-built vessels is a major concern for the region

The proposed tariffs on ships built in China may negatively impact Guyana and the Caribbean, a concern frequently raised with Marco Rubio, Secretary of...
NewsOilNOW -

bpTT approves Ginger Gas Development, announces Frangipani discovery

bp Trinidad and Tobago (bpTT) made the final investment decision (FID) on the ginger gas development and confirmed a gas discovery at its Frangipani...
NewsOilNOW -

TechnipFMC secures US$1B contract for Shell’s Gato do Mato project

TechnipFMC has won a major integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from Shell for the Gato do Mato greenfield development offshore Brazil. The...
NewsOilNOW -

ExxonMobil Guyana sponsors 75 women for upcoming Local Content Summit

ExxonMobil Guyana is sponsoring 75 women to attend the 2025 Local Content Summit this April 8. The sponsorship is in alignment with its commitment...
- ADVERTISEMENT -

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 -

CNOOC says Payara project in Guyana helped lift 2024 overseas output by 10.8%

China’s state-owned offshore oil and gas producer CNOOC Ltd. said on Thursday (March 27) that its overseas production surged by 10.8% in 2024, driven...
News

US Secretary of State acknowledges impact of tariffs on Chinese-built vessels is a major concern for the region

OilNOW -
The proposed tariffs on ships built in China may negatively impact Guyana and the Caribbean, a concern frequently raised...
News

bpTT approves Ginger Gas Development, announces Frangipani discovery

OilNOW -
bp Trinidad and Tobago (bpTT) made the final investment decision (FID) on the ginger gas development and confirmed a...
News

TechnipFMC secures US$1B contract for Shell’s Gato do Mato project

OilNOW -
TechnipFMC has won a major integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from Shell for the Gato do...
News

ExxonMobil Guyana sponsors 75 women for upcoming Local Content Summit

OilNOW -
ExxonMobil Guyana is sponsoring 75 women to attend the 2025 Local Content Summit this April 8. The sponsorship is...
- ADVERTISEMENT -

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...
- ADVERTISEMENT -

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...
- ADVERTISEMENT -

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...
- ADVERTISEMENT -

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,...

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.

Quick Access

Company Info

Social Networks