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Dominican Republic sets eyes on Guyana’s Berbice Block 

Shikema Dey -
The Dominican Republic has its eyes on the Berbice Block, an offshore asset spanning 0.6 acres in the shallow waters of the Guyana Basin.  Its President Luis Abinader Corona shared this during the opening of the Guyana Energy Conference.  He said...
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Exxon targeting pipeline for gas resources at proposed Hammerhead project

OilNOW -
ExxonMobil plans to pipe gas from the proposed Hammerhead development project to shore. This will provide an additional gas supply to support Guyana’s plans to expand its Gas-to-Energy (GtE) project.  The Environmental Protection Agency (EPA) on Monday published the Hammerhead...
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SBM Offshore to study carbon capture solutions for Petrobras FPSOs

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SBM Offshore has secured a contract to study carbon capture solutions for Petrobras' future floating production, storage, and offloading (FPSO) units. The study will evaluate the design and commercial feasibility of various carbon capture system configurations for FPSOs operating...
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Shell to kick off Suriname exploration campaign with Araku Deep-1 well – Rystad Energy

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Shell is set to begin drilling up to four exploration wells in Suriname’s offshore Block 65, with the first well, Araku Deep-1, scheduled to spud in the second quarter of 2025, Rystad Energy said. The company is seeking clearance...
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Exxon starts 60-day comment period for Hammerhead impact study

OilNOW -
ExxonMobil said that it started a 60-day comment period related to its proposed Hammerhead project in Guyana. In a notice, Exxon said that it has submitted the Environmental Impact Assessment (EIA) and Environmental Impact Statement (EIS) for the Hammerhead Development Project...
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2025 is busiest year for Exxon’s SURF installation offshore Guyana 

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ExxonMobil Guyana is embarking on its most intensive year yet for subsea umbilicals, risers, and flowlines (SURF) installation, according to company President Alistair Routledge. The work will connect subsea wellheads to the new floating production storage and offloading (FPSO)...
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Vessel Review: The cylindrical Haikui No. 1 FPSO 

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China National Offshore Oil Corporation (CNOOC) last June delivered Haikui No. 1, a floating production storage and offloading (FPSO) unit built by Qingdao CNOOC Offshore Engineering.  The FPSO is the first in Asia to use a cylindrical design.  CNOOC said the...
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Trinidad hopeful new exploration will uncover nearly 60 tcf of gas

Shikema Dey -
Trinidad and Tobago is optimistic about new exploration efforts that could unlock nearly 60 trillion cubic feet (tcf) of natural gas.  “Exploration resources stand at 58.84 tcf and offer much promise for the exploration to be undertaken by successful companies...
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Chevron to cut up to 20% of global workforce amid expansion, legal hurdles

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Aiming to cut costs and streamline operations amid expansion efforts and a legal dispute, Chevron plans to reduce its global workforce by 15% to 20% by the end of 2026.  The legal dispute involves ExxonMobil over the acquisition of the...
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“Almost there” – ExxonMobil Guyana prepares to move into new ‘state-of-the-art’ HQ

OilNOW -
ExxonMobil Guyana is preparing to move into its Kanuku building, a US$160 million state-of-the-art headquarters in Ogle, East Coast Demerara. The building is nearing completion and is anticipated to improve offshore operations. President of ExxonMobil Guyana, Alistair Routledge said that...
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Letter-to-the-Editor: GEC is a conference for all Guyanese

Dear Editor, When the annual Guyana Energy Conference and Supply Chain Expo is hosted, this little giant of a country...

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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