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Chevron eyes Guyana expertise in Hess takeover, says CEO Mike Wirth

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Chevron’s US$53 billion acquisition of Hess Corporation is not just about reserves; it’s about people. According to Chevron Chief Executive Mike Wirth, the deal, announced in October 2023, was driven by the long-term growth Hess brings and the expertise...
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Bourbon Guyana adds Mistral vessel to support Exxon’s Whiptail project

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Bourbon Guyana has expanded its fleet with the arrival of the Bourbon Mistral, a large platform supply vessel dedicated to the Whiptail Development Project offshore Guyana. “Exciting news from Bourbon Guyana as we introduce the newest addition to our Guyana...
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Spain-bound tanker departs Guyana with second Yellowtail cargo – OilX

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The Nordic Zenith tanker has departed ExxonMobil Guyana’s ONE GUYANA floating production vessel with the second cargo of crude from the Yellowtail project, energy analytics firm OilX and other vessel tracking data showed. The Suezmax tanker was scheduled by the...
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Construction moves apace on Guyana’s Gas-to-Energy project 

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The Gas-to-Energy project at Wales is moving ahead with visible progress. From foundations now in place to new companies showing interest and plans for an industrial zone taking shape, several key steps are unfolding at the same time. Here are...
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ExxonMobil expands survey work in Guyana’s Stabroek Block

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ExxonMobil Guyana Limited (EMGL) is pressing ahead with environmental and geophysical survey activities in the Stabroek Block as part of its long-term development plans. According to the Maritime Administration Department, EMGL’s Environmental Sampling Survey will continue until December 31, 2025....
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U.S. security advisory puts Suriname’s ports under scrutiny

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PARAMARIBO, SURINAME - The United States Coast Guard has added Suriname to its list of countries whose ports are deemed to lack effective antiterrorism measures. Under the U.S. Port Security Advisory 4-25, issued on September 3 and taking effect...
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SBM sponsors international trips, science equipment for winners of Guyana mousetrap competition

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SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving and teamwork from students across the country, the company said in a press update on Tuesday. This year’s winners not...
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Ali signals more oil exploration with stronger Production Sharing Agreement

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Guyana's President, Dr. Mohamed Irfaan Ali, has signaled that his administration will embark on an expanded exploration push. “We will press forward with new exploration under a stronger Production Sharing Agreement,” he announced immediately at his swearing-in for a...
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Petronas weighs scale of Suriname gas find as Block 52 studies advance

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Petronas is deepening its assessment of a gas discovery offshore Suriname as research in Block 52 moves into a new phase that could determine the viability of large-scale development. During a September 8 meeting with President Jennifer Simons, Petronas Executive...
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Letter-to-the-Editor: Let rapid growth and development continue

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Dear Editor,  Now that the September 1 elections have passed and President Ali has been sworn into office for a second term, we must ensure that we maintain the momentum of rapid growth and development we’ve seen over the last...
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Stabroek Block production could hit 900,000 barrels per day by year’s end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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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