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Arbitration outcome disappointing but changes nothing with respect to Guyana operations – Exxon

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ExxonMobil Chief Executive Officer Darren Woods has expressed disappointment with the recent arbitration ruling on Chevron’s acquisition of Hess Corporation but emphasized that the decision does not alter its operations in Guyana. “While disappointed, we respect the process and the...
News

ExxonMobil eyes more merger and acquisition opportunities across all sectors

OilNOW -
ExxonMobil is actively pursuing more mergers and acquisitions (M&A) across its business segments, with a sharp focus on value creation rather than volume. “We’re continuing to keep a really close eye on the waterfront, see where the opportunities are, do...
Opinions

Letter-to-the-Editor: Guyana is seeing a commendable balance between progress and perseverance

OilNOW -
Dear Editor,  As a third-year Business Management student at the University of Guyana and an aspiring entrepreneur, I take great pride in witnessing Guyana’s emergence on the global stage, fuelled by the recent oil boom. Being recognised as the fastest-growing...
News

Platts to launch assessment of Guyana’s Golden Arrowhead crude on Aug. 4

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Platts, the pricing benchmark unit of S&P Global Commodity Insights, will start publishing a daily assessment of Guyana’s Golden Arrowhead crude today, providing an independent valuation of the country’s newest oil grade ahead of its expected production start this...
News

Stabroek Block is oil industry’s biggest find in 15 years – Exxon CEO

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ExxonMobil’s Chief Executive Officer, Darren Woods, says the Stabroek Block offshore Guyana is the industry’s biggest oil discovery in the last 15 years and ranks among the most successful developments in deepwater history. “One of our most important advantaged assets...
News

TotalEnergies sees upside for Suriname oil project as plateau could stretch to 240,000 b/d

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TotalEnergies’ upcoming project offshore Suriname may exceed its planned production plateau of 220,000 barrels of oil per day (b/d), with Chairman and CEO Patrick Pouyanné saying the development could potentially handle up to 240,000 b/d. The GranMorgu project, located in...
News

Hunting Subsea delivers titanium joints for Exxon’s Uaru project

OilNOW -
Hunting Subsea Technologies has successfully delivered eight titanium stress joints for ExxonMobil’s massive Uaru oil development offshore Guyana, the company said in a recent statement. The components will be integrated into the Errea Wittu floating production, storage and offloading (FPSO)...
News

Energy Guyana launches special edition magazine celebrating ’10 Years of Oil in Guyana’

OilNOW -
Georgetown, Guyana – Energy Guyana has released a landmark special edition publication titled "Energy Nation: 10 Years of Oil in Guyana", marking a decade since the transformative discovery of oil in the Stabroek Block (Click here to view). The...
Opinions

Letter-to-the-Editor: Oil and the transformation we cannot ignore

OilNOW -
Dear Editor, The term ‘even the blind man can see’ has never been truer. The transformation around us is undeniable. Only recently, the Ogle to Eccles four-lane highway was opened to the public, cutting travel time from the East Bank...
News

U.S. remains dominant investor in Guyana as oil sector drives Q1 inflows – Central Bank

OilNOW -
Guyana attracted US$2.1308 billion in foreign direct investment (FDI) during the first quarter of 2025, almost entirely in its oil and gas sector, according to new data from the Bank of Guyana. The report shows that oil and gas continues...
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