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Apple taps 100,000 Guyana rainforest credits to offset its 2024 emissions

OilNOW -
Apple has purchased 100,000 carbon credits from Guyana’s national forest protection program to help offset its corporate and product emissions for 2024, as stated in its 2025 Environmental Progress Report.  These credits, each representing the reduction or removal of one...
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$10.5 billion GranMorgu project could reshape Suriname’s economy over the next decade

OilNOW -
Suriname is already an oil-producing country, with Staatsolie, its national oil company, operating onshore fields since the 1980s. However, the October 2024 Final Investment Decision (FID) by TotalEnergies and APA Corporation marked a pivotal moment: the shift toward offshore...
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Exxon’s Hammerhead-4 well is first in the world to use SLB’s new cutting-edge advanced drilling technique

OilNOW -
ExxonMobil Guyana and SLB have achieved a global industry first with the Hammerhead-4 appraisal well. According to ExxonMobil Guyana’s 2024 Annual Report, the well was the first in the world to use SLB’s Ora reservoir fluid sampling tool to successfully...
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Shell approves Aphrodite Gas Project in Trinidad and Tobago

OilNOW -
Shell Trinidad and Tobago Ltd. has taken a Final Investment Decision (FID) on the Aphrodite gas project in the East Coast Marine Area (ECMA). In a statement today, the company said the project will expand its integrated gas business by...
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ExxonMobil injects GY$170 billion into Guyana’s economy in 2024 – Routledge

OilNOW -
ExxonMobil Guyana and its partners spent over GY$170 billion with local businesses in 2024, according to company President Alistair Routledge. This forms part of a decade-long investment exceeding GY$525 billion with more than 2,000 Guyanese suppliers. “Their participation shows the...
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ExxonMobil’s Guyana profit jumps 62% to $4.7 billion in 2024

Kemol King -
ExxonMobil Guyana Limited (EMGL) reported a profit of US$4.73 billion in 2024, up from US$2.92 billion in 2023. This was revealed today during the company’s report on last year's earnings, at its Duke Street office in Georgetown. This 62% jump...
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Is Guyana facing the Dutch Disease? The reality behind the oil boom

OilNOW -
In an article republished on May 29, The Economist described Guyana as “about to become one of the most extreme cases” of the resource curse, referencing the rapid influx of oil revenue. But is that truly the case on...
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‘Practically overnight’: Guyana’s oil boom becomes a global success story

OilNOW -
ExxonMobil says Guyana has become one of the world’s most incredible economic and geopolitical success stories “practically overnight.” According to recent commentary by Hunter Farris, Senior Vice President for Deepwater at ExxonMobil Upstream Company, the timeline from discovery to first...
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President signs Guyana’s Oil Spill Bill into law

OilNOW -
Guyana’s President Irfaan Ali has enacted a comprehensive oil spill law which sets out a national framework for oil spill prevention and response and holds companies liable for the full cost of restoration and damages. The government published the Oil...
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TotalEnergies files plans for offshore surveys in Suriname

OilNOW -
TotalEnergies Suriname has submitted draft environmental impact statements to Suriname’s National Institute for Environment and Development (NIMOS) for offshore oil exploration. The company plans to conduct geophysical surveys in shallow water Blocks 6 and 8, located 90 km offshore in...
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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...

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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