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A new frontier play concept is being tested in ’s deepwater as and explore the potential of Aptian-age carbonates o...
18/11/2025

A new frontier play concept is being tested in ’s deepwater as and explore the potential of Aptian-age carbonates on the Demerara Plateau.

The Macaw-1 well in Block 58, operated by TotalEnergies, and Shell’s Araku Deep-1 well are drilling into an unproven carbonate play that could redefine in the region. Aptian carbonates are ancient rock layers formed about 120 million years ago in warm, shallow seas.

READ MORE HERE: https://oilnow.gy/featured/new-play-concept-targets-aptian-carbonates-in-surinames-demerara-high/

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments i...
18/11/2025

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block.

Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000 barrels per day (b/d) just two months later, three months ahead of schedule. That achievement remains unmatched in the country’s offshore history.

READ MORE HERE: https://oilnow.gy/featured/payara-still-leads-exxonmobils-record-breaking-ramp-up-offshore-guyana/

⚡ Bolstering Productivity, Safety & Reliability in Oil & Gas!Join the SPE Georgetown Section for a Distinguished Lectu...
17/11/2025



⚡ Bolstering Productivity, Safety & Reliability in Oil & Gas!

Join the SPE Georgetown Section for a Distinguished Lecture with Dr. Carlos T. Mata of Scientific Lightning Solutions, LLC. He’ll cover lightning fundamentals, the risks to people and assets, and proven protection strategies, drawing on recent incidents and the consequences of inadequate protection.

🗓 Wednesday, November 19, 2025
🕡 18:30 hrs
📍 Pegasus Suites & Corporate Centre

Scan the QR code on the flyer to register. Don’t miss it!

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production cont...
17/11/2025

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production continued to climb with ExxonMobil’s new Yellowtail project.
Data compiled from the Maritime Administration Department (MARAD) and ship-tracking platforms MarineTraffic, VesselFinder and Maritime Optima show that Guyana’s barrels reached 14 countries.

READ MORE HERE: https://oilnow.gy/news/guyanas-october-crude-oil-exports-went-to-14-countries/

The Local Content Secretariat is moving to a digital system to cut certificate wait times and widen access in Guyana. Di...
16/11/2025

The Local Content Secretariat is moving to a digital system to cut certificate wait times and widen access in Guyana. Director Michael Munroe announced the plan on Friday, day two of the GCCI's Business Development Forum.

He said the changes will include an online portal, enhancements to the Secretariat’s app, and the use of artificial intelligence (AI) for preliminary document checks.

READ MORE HERE: https://oilnow.gy/news/guyanas-local-content-secretariat-to-launch-digital-portal-and-ai-checks-to-speed-up-certification/

In May 2025, then-President Chandrikapersad Santokhi unveiled ‘Royalties for Everyone’, an initiative that promised to ...
15/11/2025

In May 2025, then-President Chandrikapersad Santokhi unveiled ‘Royalties for Everyone’, an initiative that promised to share Suriname’s future oil revenues directly with its citizens. Under the plan, every Surinamese citizen would receive a share of royalties from oil production in Block 58 once revenues begin flowing in 2028.

That ambition, however, has now been set aside, for a more “sustainable” investment.

READ MORE HERE: https://oilnow.gy/news/surinames-new-government-shifts-santokhis-royalties-for-everyone-to-more-sustainable-investment/

The Local Content Secretariat has flagged more than 20 additional areas that could be added to the first schedule of Guy...
15/11/2025

The Local Content Secretariat has flagged more than 20 additional areas that could be added to the first schedule of Guyana’s Local Content Act. Director Michael Munroe made the disclosure on day two of the Georgetown Chamber of Commerce and Industry (GCCI) Business Development Forum in Georgetown.

He said the move is driven by data from company reports and ongoing consultations.

READ MORE HERE: https://oilnow.gy/news/secretariat-eyes-20-new-areas-for-guyanas-local-content-act-director/

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