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Yellowtail project is 95% completed – John Hess 

OilNOW -
Guyana’s fourth Stabroek Block development, Yellowtail, is approximately 95% complete, according to an update from Hess's Chief Executive Officer, John Hess, speaking at the recent Goldman Sachs conference.  The Yellowtail Development includes six drill centers and up to 67 wells,...
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SLB secures multi-region deepwater contracts from Shell

OilNOW -
Shell has awarded major drilling contracts to SLB, a global energy technology company. These contracts aim to support energy development across deepwater and ultra-deepwater assets in regions including the UK North Sea, Trinidad and Tobago, and the Gulf of...
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U.S. EXIM Bank President says US$526M loan to Guyana is ‘first of many deals to come’

Kemol King -
A US$526 million loan to Guyana for its Gas-to-Energy project is the first of many deals to come, an official from the United States Export-Import Bank (EXIM) said at an event on Friday.  “We can be, at US EXIM, a...
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Maduro takes oath for third term amid Opposition-led protests 

OilNOW -
With his wife standing faithfully at his side, Nicolás Maduro took the oath of office for his third term as Venezuela’s president.  Behind barricades, angry Venezuelans protested his increasingly repressive rule over the embattled South American nation.   Despite the global outcry...
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TotalEnergies’ Gran Morgu project will drive local participation in 45 sectors – Suriname GM 

OilNOW -
Suriname companies and workers in 45 sectors will have opportunities to participate in the development phase of the Gran Morgu project of Block 58, said TotalEnergies’ General Manager & Country Chair EP Suriname, Artur Nunes da Silva.  “45 sectors will...
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Hammerhead crude “heavier but still attractive” – Hess

OilNOW -
Despite its smaller scale and heavier crude, the Hammerhead field is still economically viable, according to John Hess, Chief  Executive Officer of Hess Corporation. Hess is ExxonMobil’s partner in Guyana’s prolific Stabroek Block.   The field is expected to produce 150,000...
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Guyana’s draft oil spill bill completed – Attorney General 

OilNOW -
Guyana’s Attorney General and Minister of Legal Affairs, Mohabir Anil Nandlall has revealed that a draft for the long-awaited Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill has been completed. During the January 7, 2025, airing of his weekly television...
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Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

OilNOW -
Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a Rystad Energy analysis.  The energy research firm contrasted this with the US$155 million it said Guyana got in 2020 - the...
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240,000 bpd eyed for possible development of Longtail resource – John Hess 

OilNOW -
The 8th proposed Stabroek Block development could target 240,000 barrels per day (b/d) of production, according to Hess Chief Executive Officer, John Hess.  Longtail was confirmed as the next target following Hammerhead last December.  “We're all about bringing value forward so...
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Oil accounted for 94% of extractives revenue in 2022 – EITI report

OilNOW -
Guyana’s Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2022 noted that the counytry's extractive revenues totaled US$1.58 billion (approx. GY$331.52 billion). The oil and gas sector contributed the majority, accounting for $1.49 billion (GY$313.19 billion) or...
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Exxon aiming to leverage Guyana development pace in T&T, expects to even ‘move quicker’ – Ardill

ExxonMobil is aiming to replicate the remarkable success it has had in Guyana, in neighboring Trinidad and Tobago, and...

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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