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ExxonMobil seeks Insurance Broker for Hammerhead development

OilNOW -
ExxonMobil Guyana Limited (EMGL) is seeking an insurance broker to provide coverage for its Hammerhead Development Project under a new services agreement. The public Request for Information (RFI) aims to identify suppliers capable of supporting the project's Construction All...
News

TT’s new Prime Minister Stuart Young to maintain Energy Minister role

OilNOW -
Stuart Young will continue to lead Trinidad and Tobago’s Ministry of Energy and Energy Industries in his new position as Prime Minister. He was sworn in on March 17.  Young was originally appointed Minister of Energy on April 19, 2021,...
Editorial

Special Editorial: Maduro’s bully tactics won’t get him another face-to-face with Ali 

OilNOW -
The following is an opinion editorial by Shikema Dey, Research and Content Developer at OilNOW, and a seasoned Journalist in the Oil and Gas Industry Guyana cannot be bullied. We do not take well to demands, particularly from leaders...
News

Women leaders call for bold action on economic equality, leadership, and innovation

Shikema Dey -
At the 5th Annual Women & Girls Summit women leaders from across Guyana called for decisive action to close the gender gap, promote financial empowerment, and embrace technological innovation. The event brought together policymakers, entrepreneurs, and young women committed...
News

Natural Resources Ministry fact-checks misinformation on Guyana oil industry 

OilNOW -
See statement from Guyana's Ministry of Natural Resources:  The Ministry of Natural Resources takes this opportunity to address the latest fabrications published by Glenn Lall on March 16 in Kaieteur News under the headline "Disasters of the Oil Industry Unfolding...
News

Chevron reinforces confidence in Hess acquisition with purchase of shares

OilNOW -
Chevron Corporation has reinforced its commitment to acquiring Hess Corporation by purchasing 15.38 million shares of Hess’ common stock in open market transactions between January and March 2025. The purchase, conducted at prevailing market prices, was disclosed in a...
News

Exxon ramping up capacity to produce nearly 2.2 million boe/d in Guyana by 2030

Kemol King -
ExxonMobil Guyana is on track to ramp up its capacity to produce oil, condensate and gas at almost 2.2 million barrels of oil equivalent per day (boe/d). This includes oil production capacity of approximately 1.62 million b/d, condensate production...
News

Exxon hires New Wave to conduct marine warranty survey for Whiptail project 

OilNOW -
New Wave Offshore Energy has been selected as the marine warranty surveyor for ExxonMobil Guyana’s Whiptail development, a US$12.7 billion offshore oil project in the Stabroek Block, the company said on the weekend. Under the contract, New Wave Offshore will...
News

Venezuela’s Opposition proposes overhaul of energy sector to entice international oil companies

OilNOW -
Venezuela's opposition has drafted a proposal to reform the country’s energy sector, aiming to attract international oil companies and increase pressure on President Nicolás Maduro, Reuters reported this week. The reform plan aims to gain support from U.S. oil...
Energy Insights

New lawsuit claims that the Government of Guyana’s management of the Natural Resource Fund is unlawful and unconstitutional

Chevy Devonish -
A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resource Fund (the Fund) established under the Natural Resource Fund Act 2021 (the NRFA 2021).  The first hearing is scheduled for Monday, 17th...
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Spain-bound tanker departs Guyana with second Yellowtail cargo – OilX

The Nordic Zenith tanker has departed ExxonMobil Guyana’s ONE GUYANA floating production vessel with the second cargo of crude...

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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