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Exxon forging ahead with development drilling at Yellowtail 

OilNOW -
ExxonMobil Guyana is progressing with developmental drilling at the Yellowtail well site in Guyana's Exclusive Economic Zone. According to Guyana's Maritime Administration Department (MARAD), the Noble Tom Madden is leading the operations, which are expected to conclude by October 31. The...
Exploration

A look at ExxonMobil’s largest drilling fleet operating offshore Guyana

OilNOW -
The Stabroek Block offshore Guyana hosts four highly capable Noble drillships—Sam Croft, Bob Douglas, Tom Madden, and Don Taylor—all constructed by Hyundai Heavy Industries. These vessels share the advanced Gusto P10000 design, providing high performance in ultra-deepwater environments. Each drillship...
News

SBM Offshore and MISC exchange FPSO assets in Brazil and Malaysia

OilNOW -
Dutch shipbuilder SBM Offshore has signed agreements with Malaysia's MISC Berhad to exchange ownership interests related to two floating production storage and offloading (FPSO) vessels. The deal involves the FPSO Espirito Santo, operating in Brazil, and the FPSO Kikeh,...
News

No oil can be lifted without regulator present – ExxonMobil reaffirms

OilNOW -
ExxonMobil Guyana Limited (EMGL) said in a statement on Thursday that no oil can be lifted from its Stabroek Block operations without a representative of the government being onboard the floating production storage and offloading (FPSO) vessels. "None of...
News

Guyana oil spill bill for Parliament in fourth quarter

OilNOW -
Guyana’s new oil spill bill is due to be tabled in Parliament later this year, the government said in its 2024 Mid-Year report.  “This bill, while addressing other areas, will deal with the management of and financial responsibility for oil...
News

bp divests mature Trinidad assets to focus on gas growth opportunities

OilNOW -
bp is selling its mature offshore gas fields in Trinidad and Tobago to focus on shallow water, deepwater, and cross-border gas opportunities. The company said it has entered into an agreement with Perenco to divest its Immortelle, Flamboyant, Amherstia,...
News

Exxon adopts new technologies for Whiptail FPSO to meet GHG goals

OilNOW -
U.S. oil major ExxonMobil says it has implemented innovative technologies for the Jaguar floating production storage and offloading vessel (FPSO) which will support its Whiptail development in Guyana. The FPSO is being built by Dutch floater specialist, SBM Offshore. The...
Exploration

Driller with most rigs off Guyana’s coast gets contract extension from ExxonMobil 

OilNOW -
ExxonMobil has awarded Noble Corporation an additional 4.8 rig years of backlog under the Commercial Enabling Agreement (CEA) in Guyana, the drilling expert said on Sept. 4 in its fleet report.  This extends the contracts of four Noble drillships—Noble Tom...
Stories Beyond the Barrel

CinNex Inc: Navigating Guyana’s multimedia industry with vision and tenacity

Shikema Dey -
CinNex Inc., a name synonymous with multimedia innovation in Guyana, stands as a testament to resilience, adaptability, and foresight. At the helm of this dynamic company is John Duncan, the Chief Executive Officer (CEO), whose journey from a technical...
News

Exxon appraising Hammerhead discovery targeted for seventh development

OilNOW -
The Stena Carron has commenced appraisal drilling at the Hammerhead-4 well at the Stabroek Block offshore Guyana. This is according to the country's Maritime Administration Department.  Drilling activities are expected to conclude at the end of October. Exxon announced a...
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IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the...

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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