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ExxonMobil drilling Hamlet-1 well in gas-rich southeastern Stabroek Block

OilNOW -
ExxonMobil has started drilling the Hamlet-1 exploration well in the southeastern section of Guyana’s Stabroek Block. This area near the Suriname border has yielded more natural gas than oil in previous discoveries. The Guyanese government is prioritizing the development of...
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Explorers reassess Suriname’s Demerara Shelf amid Macaw-1 drilling

OilNOW -
As TotalEnergies continues drilling the Macaw-1 well in Suriname’s Block 64, attention is shifting to the Demerara Shelf and what the activity there might mean for future exploration. According to Henk Kombrink, Editor-in-Chief of GEO ExPro, oil companies are now...
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South America must redesign petroleum regimes to balance transition and investment – Energy Advisor 

OilNOW -
PARIMARBO, SURINAME- Jay Park, Managing Partner of Park Energy Advisory Ltd., has called for urgent reforms to petroleum fiscal regimes across South America to meet the competing demands of the energy transition, affordability, and energy security. Speaking at the AIEN...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

OilNOW -
LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival of a 30-megawatt backup battery energy storage system (BESS), a critical safeguard designed to ensure uninterrupted power delivery from the...
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SEOGS 2025: A new dawn for Suriname’s energy future

OilNOW -
The Suriname Energy, Oil & Gas Summit and Exhibition (SEOGS) 2025 returns this week with its largest and most comprehensive edition yet, bringing together regional and international energy leaders, policymakers and technical experts for four days of strategic dialogue...
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No oil blocks, gas deal to be issued before Guyana’s September elections

Kemol King -
Guyana’s Vice President Bharrat Jagdeo said on Thursday that no new oil block contracts or agreements for a major gas project involving U.S. firm Fulcrum LNG will be signed before the country’s General and Regional Elections scheduled for September...
Exploration

ExxonMobil, Shell lead high-impact exploration over five-year period as NOCs surge in 2024

OilNOW -
ExxonMobil and Shell were the most active high-impact oil and gas explorers between 2020 and 2024, according to energy intelligence firm Westwood Global Energy Group, even as national oil companies (NOCs) surged ahead in 2024 to dominate both drilling...
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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

OilNOW -
President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the number of barrels produced. “We cannot squander this moment by counting barrels only,” Ali said during a business launch event...
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SBM Offshore sees major gains from Jaguar, GranMorgu FPSOs in Guyana and Suriname

OilNOW -
SBM Offshore is seeing "great benefits" from its newest Fast4Ward® floating, production storage and offloading vessels (FPSOs), Jaguar for Guyana and GranMorgu for Suriname. According to the company’s 2024 Annual Report, its standardization philosophy is driving results. “The standardization philosophy...
News

GGI to launch new call this July for proposals to drive capacity building in Guyana

OilNOW -
The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing strategic capacity development across the country. Backed by a US$100 million (GY$20 billion) investment from ExxonMobil Guyana Limited, Hess Guyana Exploration...
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Letter-to-the-Editor: I commend the Labour Ministry’s independent assessment of FPSOs

Dear Editor, I am pleased to acknowledge the strides made by local authorities in taking the lead in managing Guyana’s...

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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