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Chevron’s expanding into South America’s oil hot spots

OilNOW -
Chevron has expanded its footprint in South America’s energy frontier, undertaking new exploration in Suriname while consolidating its prized position in Guyana’s prolific Stabroek Block. In Suriname, the U.S. supermajor will spud the Korikori-1 exploration well in October. The well...
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S&P sees limited growth prospects as Trinidad and Tobago faces energy decline, diversification hurdles

OilNOW -
S&P Global Ratings has warned that Trinidad and Tobago’s economy will remain constrained by stagnant oil and gas production and limited success in diversification, even as it affirmed the country’s “BBB- sovereign credit rating” on September 25. A BBB- sovereign...
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TechnipFMC will supply subsea system for Exxon’s Hammerhead project 

OilNOW -
TechnipFMC said it has been awarded a substantial contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block. Exxon announced that it had made a final investment decision (FID) for the project...
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Saipem greenlit to execute US$500M Hammerhead offshore project in Guyana

OilNOW -
Saipem announced today that it has received full authorization from ExxonMobil Guyana Limited to proceed with the execution of the Hammerhead offshore project in the Stabroek Block.  The Milan-based company said the engineering, procurement, construction and installation (EPCI) contract is...
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Exxon can’t promise another Guyana: Ardill on Trinidad deepwater plans

OilNOW -
ExxonMobil is setting measured expectations for its newly awarded ultra-deepwater acreage in Trinidad and Tobago, even as it prepares to launch a seismic campaign in 2026. John Ardill, ExxonMobil’s Vice President of Exploration, said this week on LinkedIn: “While we...
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Key capacity-building firm stands ready to support further enhancement of safety in Guyana

OilNOW -
While Guyana’s Occupational Health and Safety Act provides a strong foundation, more specific regulations will further help to protect workers, according to Paul Cribby, Guyana Program Manager at LearnCorp International (LCI). Speaking in a September 23 interview with OilNOW about...
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ExxonMobil: Guyana’s seventh project sets ‘new standard’ in just a decade

OilNOW -
ExxonMobil is framing Guyana’s oil success as a benchmark for speed and scale, with Dan Ammann, President of its Upstream Company, praising the country’s advancement of its seventh offshore project just ten years after the first discovery. “We continue to...
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Oil and Gas Minister Brunings: Local content key to Suriname’s oil and gas future

OilNOW -
PARAMARIBO, SURINAME – Stakeholders from across Suriname’s oil and gas sector gathered on September 24 at the Assuria Event Center for a masterclass, 'Navigating the Local Content Regulations for Oil and Gas in Suriname'. The event, organized by Shyamnarain Associates...
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ExxonMobil Guyana charts path from zero to 1.5 million barrels per day with Hammerhead project

OilNOW -
ExxonMobil Guyana has confirmed that its operations in the Stabroek block will reach a combined production capacity of 1.5 million barrels of oil per day by 2029, marking a ten-year leap from first oil to one of the fastest...
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Letter-to-the-Editor: Barrels alone don’t build a nation

OilNOW -
Dear Editor, Guyana’s oil boom is sparking conversation worldwide, but the real measure of success isn’t how many barrels we pump; it’s how our people benefit. Every job created, every local business engaged, and every young professional trained is a...
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Latest News

NewsShikema Dey -

Guyana hits record three-quarter million barrels of oil per day

Total offshore production from Guyana’s Stabroek Block has hit over 700,000 barrels of oil per day, President of ExxonMobil...

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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